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Partner Jeffrey Alberts, co-chair Pryor Cashman's Financial
Institutions Group, discussed new guidance from
the Office of the Comptroller of the
Currency with
The Wall Street
Journal. The guidance, delivered in a letter from the
U.S. Treasury Department, outlined new permissible avenues for
financial institutions to do business with digital currencies.
According to
The Wall Street Journal:
Monday's guidance letter comes as banks become
increasingly interested in tapping into stablecoin markets, as the
use of stablecoins has boomed over the last two years, according to