Blockchain and Digital Assets News and Trends
This is our twelfth monthly bulletin for 2021, aiming to help companies identify important and significant legal developments governing the use and…
Source: lexology.com
📰 Interpretive Letters News
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New Strides In Crypto-Asset Regulation - Finance and Banking
On November 23, 2021, the Office of the Comptroller of the Currency (OCC) released Interpretive Letter 1179 (the "Letter"), which is the culmination of a review of prior Interpretive Letters on cryptocurrency and related activities.
Michaelj Hsu Virtual Asset Service Providers Basel Committee On Banking Supervision Deposit Insurance Corporation Financial Action Task Exchange Commission
Source: mondaq.com
On November 23, 2021, the Chief Counsel and Senior Deputy Comptroller Benjamin W. McDonough of the Office of the Comptroller of the Currency (the "OCC") issued OCC Interpretive Letter...
Source: jdsupra.com
OCC Clarifies Permitted Bank Cryptocurrency Activities - Finance and Banking
In Interpretive Letter 1179, the OCC clarified the authority of (i) banks to engage in cryptocurrency activities and (ii) the OCC to charter national trust banks.
National Banks Interpretive Letter Interpretive Letters Occ Clarifies Permitted Bank Cryptocurrency Activities Finance And Banking Financial Services
Source: mondaq.com
US regulator that oversees banks like JPMorgan wants to curb how they engage with crypto
OCC recently issued Interpretive Letter 1179 that revises previously released guidelines for banks engaging in certain crypto activities.
Michael Hsu Deposit Insurance Corporation Us Office Of The Comptroller Asset Policy Sprint Initiative Interpretive Letter Acting Comptroller
Source: cryptoslate.com
Biden Administration Group Reports on Stablecoins
President’s Working Group PWG released a long-awaited report on stablecoins. Outlines a number of significant legislative recommendations for Congress to consider as well as a number of interim measures to protect against prudential risks in the near term.
United States Sherrod Brown Gary Gensler Cynthia Lummis Commodities Futures Trading Commission Financial Action Task Force
Source: natlawreview.com