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Office of the Comptroller of the Currency

Office of the Comptroller of the Currency sees decreasing interest in retail digital assets but promise in tokenization
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10 November, 2023

Office of the Comptroller of the Currency sees decreasing interest in retail digital assets but promise in tokenization

OCC acting chief Michael Hsu acknowledged the positive impacts of tokenizing real-world assets but lamented the significant drop in interest...
US banking watchdog’s new fintech office opens on April 10
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3 April, 2023

US banking watchdog’s new fintech office opens on April 10

The office, first announced in October 2022, builds on and incorporates the Office of Innovation which the regulator established seven...
US Fed, OCC urge banks to be cautious with digital assets
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10 January, 2023

US Fed, OCC urge banks to be cautious with digital assets

The two joined the FDIC in issuing a statement saying 2022’s events exposed the vulnerabilities of the sector, urging banks...
OCC bares fintech office plan in quest to understand digital assets
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5 November, 2022

OCC bares fintech office plan in quest to understand digital assets

The Office of the Comptroller of the Currency wants to develop a new arm to fully grasp the changing finance...
OCC: Flagship digital currency bank Anchorage Digital failed in its AML requirements
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26 April, 2022

OCC: Flagship digital currency bank Anchorage Digital failed in its AML requirements

The OCC states that the bank failed to meet Bank Secrecy Act requirements and ordered it to appoint a compliance...
US banking regulators: Expect guidance on stablecoins and Bitcoin custody by 2022
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26 November, 2021

US banking regulators: Expect guidance on stablecoins and Bitcoin custody by 2022

The OCC, the FDIC and the Federal Reserve have said in a joint statement that they’ll focus on a long-term...
FDIC joins ‘crypto sprint’ as it sets sights on digital currency regulation
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29 October, 2021

FDIC joins ‘crypto sprint’ as it sets sights on digital currency regulation

The FDIC is working with the Federal Reserve and other agencies on how to regulate the digital currency industry, with...
‘Crypto is fool’s gold’: Why the OCC chief is right
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27 September, 2021

‘Crypto is fool’s gold’: Why the OCC chief is right

Anyone who digs and conducts independent research finds that it’s not at all clear why there are thousands of digital...
Biden picks strong Bitcoin critic Saule Omarova to head OCC
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25 September, 2021

Biden picks strong Bitcoin critic Saule Omarova to head OCC

White House describes Omarova as “one of the country’s leading academic experts on issues related to regulation of systemic risk...
OCC to team with Federal Reserve, FDIC for joint approach to digital currency regulation
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25 May, 2021

OCC to team with Federal Reserve, FDIC for joint approach to digital currency regulation

Three U.S. agencies tasked with regulating digital currency could be about to join forces to form an “interagency sprint team”...
New OCC chief calls for review of digital currency rules
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24 May, 2021

New OCC chief calls for review of digital currency rules

Michael Hsu has requested that staff at the OCC review their approach to digital currency, including updating its charter framework...
US gives greenlight to second federally chartered digital currency bank
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8 February, 2021

US gives greenlight to second federally chartered digital currency bank

Protego Trust Company has received conditional approval from the Office of the Comptroller of the Currency to become a federally...