Office of the Comptroller of the Currency

Crypto Regulation Weekly: More Hype; OCC Praise; Europe Gets Tough

Crypto Regulation Weekly: More Hype; OCC Praise; Europe Gets Tough
Crypto Regulation Weekly: More Hype; OCC Praise; Europe Gets Tough
May 25, 2022  |  Cryptocurrency

Calling the cryptocurrency hype the “flywheel of growth that crypto projects seem to need to get off the ground,” the top U.S. bank regulator described...

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Crypto Economy Is Dependent on ‘Hype,’ Says OCC’s Comptroller
Crypto Economy Is Dependent on ‘Hype,’ Says OCC’s Comptroller
May 25, 2022  |  Bank Regulation

Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), told an audience at a crypto event on Tuesday, May 24...

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OCC Encourages Banks to Explore AI Solutions for RegTech 
OCC Encourages Banks to Explore AI Solutions for RegTech 
May 16, 2022  |  Artificial Intelligence

On Friday (May 13), national and international public officials provided testimony in a public hearing hosted by the House Committee on Financial Services about the...

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OCC’s Hsu: Interoperable Stablecoins Key to Success of Crypto Economy
OCC’s Hsu: Interoperable Stablecoins Key to Success of Crypto Economy
April 28, 2022  |  Cryptocurrency

The need for stablecoins to be interoperable with each other and a potential digital dollar is too important to be left either to government regulators...

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OCC Issues Orders, Fines Against Two Banks for AML Deficiencies
OCC Issues Orders, Fines Against Two Banks for AML Deficiencies
April 22, 2022  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued yesterday, April 21, 2022, two cease-and-desist orders against USAA Federal Saving Bank and Anchorage Digital...

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PYMNTS AM Radar: Digital Dining Habits; Crypto Bank Flagged; Racing for Payments; M&A Enforcement
PYMNTS AM Radar: Digital Dining Habits; Crypto Bank Flagged; Racing for Payments; M&A Enforcement
April 22, 2022  |  Legal & Regulation

Today is Friday (April 22), and a crypto bank that was granted a conditional license last year is now being called to the carpet by...

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Crypto Bank Flagged By OCC for Sidestepping AML Mandates 
Crypto Bank Flagged By OCC for Sidestepping AML Mandates 
April 22, 2022  |  Bank Regulation

Cryptocurrency lender Anchorage Digital Bank failed to comply with anti-money laundering mandates (AML) and violated rules for monitoring suspicious activity, according to a statement from...

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OCC’s Rule on SARs May Boost Innovation on AML Reporting
OCC’s Rule on SARs May Boost Innovation on AML Reporting
April 21, 2022  |  AML

On May 1, a new rule issued by the Office of the Comptroller of the Currency (OCC) that modifies the requirements for national banks and...

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