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Fall Blockchain Update Episode 1: DEX Regulation - Technology

Fall Blockchain Update Episode 1: DEX Regulation - Technology
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Alberts Discusses New OCC Stablecoin Guidance With The Wall Street Journal - Technology


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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 ....

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OCC Says Banks Can Use Stablecoins in Payments


Jan. 7, 2021 8:15 pm ET
Banks are allowed to participate in public decentralized networks and use stablecoins in payment settlements, according to new guidance from a federal banking regulator.
The Office of the Comptroller of the Currency in a guidance letter this week said national banks and federal savings associations may use new technologies, including independent node verification networks also known as blockchain networks and related stablecoins, to perform bank-permissible functions.
The letter, published Monday, is the latest from the Treasury Department unit to spell out how traditional financial institutions can do business involving digital currencies. Before the guidance, some banks were unsure about whether they could use the underlying blockchain as payment networks. ....

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