Stay updated with breaking news from Currency Brian. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Coinbase, Paxos, MetaBank and PayPal all claim the primary purpose exception, which allows companies to place deposits at banks without limits applied to brokered deposits.
Economists estimate employers added 573,000 new jobs last month, up from 531,000 in October.
US Bank to Offer Crypto Custody Following Investment in Securrency April 28, 2021 @ 1:47 pm By JD Alois US Bank has announced that it will commence providing custody of digital assets. Last year, all banks received clarity from the Office of the Comptroller of the Currency when the regulator published a letter outlining the ability for chartered banks to handle cryptocurrency. At that time, acting Comptroller of the Currency Brian P. Brooks, commented: “From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today. This opini...
Finalization of the Office of the Comptroller of the Currency’s (OCC) rule to end discrimination by financial service providers against the firearm industry
January 15, 2021 4:49 PMLegal - By LOS ANGELES—The Adult Performance Artists Guild (APAG) released a statement Friday morning concerning a new rule just announced by the federal Office of the Comptroller of the Currency (COO) which APAG says may put an end to the discrimination many adult industry workers have encountered in recent years from banking institutions. The OCC is an independent bureau of the United States Treasury Department that serves to ensure safety and soundness within the national banking system. The full APAG statement follows: "Yesterday the Office of the Comptroller of...