#OCC News

Crypto, DeFi is Fool’s Gold, OCC Chief Says

September 22, 2021 by Aisshwarya Tiwari at DeFi

The acting chief of the U.S. OCC is not a big fan of cryptocurrencies or DeFi. At least, not yet. DeFi is Fool's Gold, OCC Chief Says While the global crypto markets continue to witness a significant correction from the latest local highs, the regulators around the world don’t seem...

Vast Bank-Coinbase Partnership Sees the Bank Complete End-to-End Crypto Transactions

February 6, 2021 by Wayne Jones at Blockchain

On February 4, Vast Bank revealed they have partnered with highly acclaimed exchange platform Coinbase. The bank made a move to achieve a complete end-to-end digital currency transaction successfully. Vast Bank, which enlisted the services of SAP a few years back, is looking to broaden its capabilities in terms of...

Biden to Name Former Ripple Advisor as OCC Head

Ex-Ripple Advisor to Be Chosen as New OCC Head

January 21, 2021 by Evan Ezquer at News

President Biden is expected to nominate Michael Barr for the position of Comptroller of the Currency - the independent bureau within the Department of Treasury in the US Govt, which is tasked with ensuring a safe banking system in the nation, according to a report by the WSJ. Who Is...

Cryptocurrency startup Anchorage granted provisional federal charter bank OK

Anchorage Becomes the First Digital Bank to Function As a Traditional Bank

January 14, 2021 by Wayne Jones at Bitcoin

Cryptocurrency startup Anchorage Hold LLC has received conditional approval from the US currency control office to become an official federal government bank. Qualified Custodian for Institutional Investors Anchorage, now officially known as the National Association of Anchorage Digital Bank, was the first cryptocurrency company to receive the Bundesbank charter. It...

U.S. Treasury Secretary Janet Yellen Convenes Meeting to Discuss Stablecoins

Wall Street Veteran: OCC Ruling Is a Double-Edge Sword for the Crypto Industry

January 12, 2021 by Evan Ezquer at Regulation

According to Wall Street veteran, Caitlin Long, the ruling from the Office of Comptroller of Currency (OCC), which was released in a letter last week, gives large banks an unfair advantage over crypto startups. As such, it is a double-edged sword for the crypto industry. OCC New Law Is a...

Anchorage Crypto Custodian Seeks National Bank Charter from the OCC

November 18, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Anchorage has applied for a national bank charter from the United States Office of the Comptroller of the Currency (OCC). If all goes as planned, the license will make it possible for Anchorage to function as a qualified bank and operate in all jurisdictions in the country, according to reports...

Acting OCC Chair: In the Future, Banks Will Be Blockchain Node Operators

October 21, 2020 by Dalmas Ngetich at Blockchain

Banks won’t survive the incoming blockchain disruption and their roles will be relegated to advisory and value addition, the Acting Comptroller of the Currency, Brian Brooks, said during the ongoing DC Fintech Week Virtual Experience on Oct 19. In the future, he adds, banks will be operators of blockchain nodes as a direct response...