OCC Issues Update to Organize a Virtual Innovation Office Hours
The Office of the Comptroller of Currency (OCC) in Washington, DC has released an update on how the Fintech solution week will be organized by its representatives. According to a…
Acting OCC Comptroller Urges Regulators to Collaborate with Crypto Intermediaries
Despite incessant backlash from regulators in the United States, the adoption and growth of digital currencies have been steady over the past few years. Considering this position, Michael J. Hsu,…
Voyager Digital Taps Former OCC Boss Brian Brooks as Director
Voyager Digital, one of the publicly traded cryptocurrency platforms in the United States, has tapped the services of Brian Brooks, the current Chief Executive Officer of Bitfury, as one of…
Biden To Name Crypto Critic Saule Omarova To Lead OCC
U.S. President Joe Biden is expected to announce his nomination for the Comptroller of The Currency within the next few days. He will pick a female candidate, according to Bloomberg…
Federally Chartered US Bank, Vast Bank Now Offers Crypto To Its Customers
Vast Bank, a Federally Chartered banking firm based in Tulsa, Oklahoma, has dived into cryptocurrency trading as its US customers can now purchase eight different cryptocurrencies through a checking account.…
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Binance US CEO Steps Down As The Crypto Exchange Faces Rising Regulatory Scrutiny
Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is…
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US Regulators Urgently Working On Joint Cryptocurrency Regulation: Fed’s Quarles Says It’s ‘High Priority’
U.S. government agencies are urgently working together on a joint regulatory framework for cryptocurrencies, Federal Reserve Vice Chair of Supervision Randal Quarles has confirmed. “We along with the OCC and…
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Fraudsters Impersonate A US Federal Agency By Sending Emails Asking For Bitcoin Wallet Keys
U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of…
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Top US Banking Regulator To Review Cryptocurrency Standards Under New Leadership
The new Acting Comptroller of the Currency, Michael Hsu, has requested a review of the cryptocurrency standards established by the top U.S. banking regulator. He is also urged to “reassess…
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OCC Grants Crypto Firm Paxos ‘Conditional Approval’ For US Bank Charter
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller…