Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services

2020-8-11 15:04

Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.

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services banks occ hinting traditional cryptocurrency provide

Источник: coindesk.com

services banks → Результатов: 126


Фото:

Avanti Bank Charter & ‘Stablecoin Disruptor’ Fast-Tracked Following OCC Decision

The Wyoming Division of Banking regulators has accelerated the banking application charter for crypto influencer Caitlin Long’s Avanti project. The decision to fast-track Avanti Bank came in the wake of the Office of the Comptroller of the Currency (OCC)’s recent decision to allow banks to provide cryptocurrency custodial services.

2020-7-24 00:06


US Regulator, OCC, Authorizes National Banks and Federal Saving Institutions as Crypto Custodians

U.S. regulator, the Office of the Comptroller of Currency (OCC), allows federal banks and national savings institutions to officially custody cryptocurrencies for their customers. The statement released on July 22, confirms that any national bank or savings facility can now hold on to unique cryptographic keys of cryptocurrencies in their vaults pertaining to custody services. […]

2020-7-22 21:40


US Fed Chair Jerome Powell Rules Out The Private Sector in Creation of a Digital Dollar

Jerome Powell, the U.S Fed Reserve Chairman, has said that private entities should not be part of the creation process of a digital dollar. Appearing before the House Financial Services Committee on June 17, the Fed Chair highlighted that monetary policy functions should be left to the central banks regardless of the operating ecosystems. On […]

2020-6-18 19:14


Фото:

India’s Central Bank Denies Prohibiting Financial Institutions from Servicing Cryptocurrency Exchanges

Indian commercial banks refusing services to local cryptocurrency exchanges may soon have a case to answer following a recent clarification offered by its central bank. Tweeting on Sunday, Indian crypto insider Crypto Kanoon (@cryptokanoon) published a document released by the Reserve Bank of India (RBI) stating that no prohibitions against banks servicing crypto-businesses exist.

2020-5-27 07:15


Фото:

India’s RBI claims no restrictions were imposed on banks for working with crypto businesses

The RBI’s response follows several complaints that some banks were refusing to offer banking services to crypto exchanges and related businesses The Reserve Bank of India (RBI) has clarified that it doesn’t prohibit banks and other financial services providers in the country from dealing with, or providing, bank account services to cryptocurrency exchanges.

2020-5-27 19:59


Фото:

Digital Remittances Reach Record of $96 Billion YoY, High Fees Open Door for Cryptocurrencies

In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies.

2020-2-14 04:45


Фото:

Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA

Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital asset products and services helped by local fintechs.

2020-1-28 12:30


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