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U.S. regulator's approval of stablecoin payments provides regulatory building block, compliance challenge


9 Min Read
New York(Thomson Reuters Regulatory Intelligence) - To read more by the Thomson Reuters Regulatory Intelligence team click here: bit.ly/TR-RegIntel
A representation of virtual currency Bitcoin and U.S. One Dollar banknote are seen in front of a stock graph in this illustration taken January 8, 2021.
A new interpretive letter from the Office of the Comptroller of the Currency allowing the use of stablecoin cryptocurrency for bank payments opens a pathway for mainstream finance to live-test digital assets in a relatively safe corner of the market. The decision greenlights what some see as “training wheels” enabling the creation of compliance controls for more expansive uses of digital currencies in the future. ....

United States , Max Dilendorf , Richard Satran , Thomson Reuters Trust Principles , Deposit Insurance Corporation , Financial Action Task , Dilendorf Law Firm , Goldman Sachs , Federal Reserve , Bank Licensing Enforcement Stable , Deposit Insurance Corp , Boston Consulting Group , Office Of The Comptroller , Thomson Reuters Regulatory Intelligence , Comptroller Brian Brooks , Consulting Group , Federal Deposit Insurance Corp , Stablecoin Tethering , Bank Licensing Enforcement , Federal Deposit Insurance Corporation , Financial Action Task Force , Regulatory Intelligence , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , வைப்பு காப்பீடு நிறுவனம் ,

U.S. regulator's approval of stablecoin payments provides regulatory building block, compliance challenge


9 Min Read
New York(Thomson Reuters Regulatory Intelligence) - To read more by the Thomson Reuters Regulatory Intelligence team click here: bit.ly/TR-RegIntel
A representation of virtual currency Bitcoin and U.S. One Dollar banknote are seen in front of a stock graph in this illustration taken January 8, 2021.
A new interpretive letter from the Office of the Comptroller of the Currency allowing the use of stablecoin cryptocurrency for bank payments opens a pathway for mainstream finance to live-test digital assets in a relatively safe corner of the market. The decision greenlights what some see as “training wheels” enabling the creation of compliance controls for more expansive uses of digital currencies in the future. ....

United States , Max Dilendorf , Richard Satran , Thomson Reuters Trust Principles , Deposit Insurance Corporation , Financial Action Task , Dilendorf Law Firm , Goldman Sachs , Federal Reserve , Bank Licensing Enforcement Stable , Deposit Insurance Corp , Boston Consulting Group , Office Of The Comptroller , Thomson Reuters Regulatory Intelligence , Comptroller Brian Brooks , Consulting Group , Federal Deposit Insurance Corp , Stablecoin Tethering , Bank Licensing Enforcement , Federal Deposit Insurance Corporation , Financial Action Task Force , Regulatory Intelligence , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , வைப்பு காப்பீடு நிறுவனம் ,