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Fintech: OCC Issues Significant Ruling Permitting National Banks To Use INVN And Stablecoin Technology - Technology


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The Situation: On January 4, 2021, the Office
of the Comptroller of the Currency ( OCC ) issued an Interpretive Letter permitting national banks
and federal savings associations ( Banks ) to participate
in independent node verification networks ( INVN ) and to
use stablecoin, a type of cryptocurrency designed to have stable
value, to conduct payment and other activities permitted for
banks.
The Result: The OCC Interpretive Letter relies
upon longstanding regulatory and case law precedent holding that
the business of banking should evolve and adapt to technological
changes as they occur. The OCC concludes that validating, sorting, ....

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Moving beyond the crisis narrative: Crypto in a post-pandemic world


Opinion
Everyone knows the story. When the first block of Bitcoin (BTC) was mined, the protocol itself entered a world of grave economic uncertainty. Not long before the market would hit its lowest point of the 2009 recession, Bitcoin was quietly created, dropped like a life raft alongside a then-sinking economy. The now infamous phrase “Chancellor on brink of second bailout for banks” was cribbed from the headlines, immortalized in code in the origin story of one of the most compelling, innovative, best-performing assets of the last decade.
But Bitcoin did not immediately take root beyond a small community of true believers. Bitcoin and digital assets, in general, have been a lot of things in their relatively short histories, from purely speculative investments and “magical internet money” to a crisis-time safe haven and an attractive hedge against “the great monetary inflation.” ....

United States , Celo Valora , United States Office Of The Comptroller , United States Office , Interpretive Letter , Will Paypal , ஒன்றுபட்டது மாநிலங்களில் , செலோ வலோரா , ஒன்றுபட்டது மாநிலங்களில் அலுவலகம் ஆஃப் தி கம்ப்ரோலர் , ஒன்றுபட்டது மாநிலங்களில் அலுவலகம் , உட்பொருள் கடிதம் , விருப்பம் பேபால் ,