US Federal Regulator Allows Banks to Issue or Use Stablecoins for Payments

US Federal Regulator Allows Banks to Issue or Use Stablecoins for Payments
фото показано с : btcmanager.com

2021-1-6 11:00

The Office of the Comptroller of Currency has announced on January 4 that financial institutions like banks can now make use of stablecoins and blockchains to process payments, via a letter. The OCC informed banks that they could use these new methods as long as they comply with regulations and best banking practices in the US.Read More

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Источник: btcmanager.com

use banks → Результатов: 126


Фото:

OCC allows national banks to operate nodes and stablecoin networks

The Treasury’s Office of the Comptroller of the Currency (OCC) has greenlighted federally chartered banks to run nodes and use stablecoins for payments and other acceptable functions. The agency published a letter on January 4, noting that national banks or federal savings associates may validate, store, and record payment transactions by working as a node on independent node verification networks (INVNs).

2021-1-5 14:42


U.S. Senate Banking Committee Requests Clarity on Crypto & DLT Payments

Republican Senator Mike Crapo sent a letter to the Office of the Comptroller of the Currency (OCC) on Tuesday 1 September requesting further clarity on the use of crypto in banking transactions. The letter follows an official OCC release in July, authorizing national banks and federal savings associations to provide crypto custody solutions for clients.

2020-9-2 19:10


China Construction Bank Disables Chinese DCEP Wallet After Users Notice Feature in Bank App

China Construction Bank, one of the central state-owned banks in China, recently realized that the official wallet for the national CBDC is open for public use within its official banking app. The users could navigate to the wallet by merely entering the national digital currency, which would take the users to the wallet feature where […] The post China Construction Bank Disables Chinese DCEP Wallet After Users Notice Feature in Bank App first appeared on BitcoinExchangeGuide.

2020-8-31 18:36


Фото:

How Central Bank Digital Currencies Could Inadvertently Destroy the Banking System

The rise of digital currencies has shone a bright light on the future of contactless payments, and central banks seem to be catching on the idea. Central Banks, in this case, represent governments that have realized the vigor of financial technology and moved to prevent a crisis as more people migrate from the use of […]

2020-6-17 20:47


Is Crypto the Answer to Australian Banks Invading User Privacy?

Reports are emerging of Australian banks demanding customers complete detailed invoices over their use of funds as a condition for honoring transactions. Time for crypto to take over completely?  Australian Banks are Now Asking Invasive Questions Crypto reporter and analyst Alex Saunders has noted that he is receiving reports that banks are now demanding customers to explain what their money will be used for before honoring withdrawals.

2020-3-7 21:18


This Chinese Whale Lost $45 Million in Bitcoin and BCH Overnight: How it Happened

One of the rallying cries Bitcoin’s most fervent advocates use to promote the cryptocurrency is “become your own bank.” Indeed, this nascent technology allows you to complete the basic functions of modern banks: receive transactions, store capital, and send transactions (and also verify/process transactions if you want to become a miner). While many libertarians see...

2020-2-22 08:19


Фото:

Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency

While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function of different kinds of money […] The post Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency appeared first on Bitcoin News.

2020-1-31 21:00


Silvergate Bank Closes Out 2019 WIth Over 800 Crypto-Related Clients Despite Down Q4

One of the most crypto-friendly banks in the US, Silvergate, added 48 clients that use cryptocurrencies, in Q4 of 2019. In a published report, this week on Silvergate's earnings shows a 4% decrease in the deposits from their crypto customers, even though the La Jolla California-based bank managed to add almost fifty new crypto clients […]

2020-1-30 00:38


Lightning Works: Bitcoin Podcaster Finds Restaurant Shunning Banks for BTC

Since Bitcoin was launched in early 2009, it has been the subject of backlash from many critics. Common criticism includes the age-old argument that “Bitcoin is backed by nothing,” the assertion that the cryptocurrency is “only used by criminals, gamblers, and adult entertainment addicts,” and the belief that the use of the Bitcoin network is.

2019-12-22 20:15


Фото:

European Central Bank President Envisions Direct Digital Currency Use

The European Central Bank is exploring the potential for a digital currency, which would allow direct injections of liquidity to consumers, said Christine Lagarde, the bank’s new president. Digital Currency Optimism from IMF to ECB In her first hearing before the European Parliament as the head of the ECB, Lagarde continued spreading the message that central banks may adopt a digital currency.

2019-12-3 14:00


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