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How the OCC can clear a path for financial technology entrepreneurs
At last week’s Consensus: Distributed virtual conference Brian Brooks, chief operating officer of the U.S. Office of the Comptroller of the Currency (OCC), said the agency should consider a federal licensing scheme...
In a recent op-ed, Comptroller Otting rightly celebrates competition between state and federal regulators and describes the existing dual banking system: “Since 1863, the United States has benefited from a...
Bitcoin will grow organically, but there are a few things government can do to clear its path.
In an editorial for Fortune, Coin Center executive director Jerry Brito lays out three things that the government can do to reduce regulatory friction on the growing open blockchain network...
The CSBS is suing the OCC to stop the new special purpose national bank charter for fintech firms.
In a press release, CSBS (the Conference of State Bank Supervisors) makes some alarming claims, suggesting the OCC is doomed to fall asleep at the switch, allow firms to fail,...
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The OCC has just taken another step toward a national fintech charter.
Today it released a draft of the licensing manual supplement that will be used by fintech companies digital currency and blockchain companies among them to understand and engage in the...
Things are looking up for Bitcoin’s biggest regulatory hurdle
This week we filed two regulatory comments in proceedings (with the Treasury Department’s Office of the Comptroller of the Currency and the Illinois Department of Financial and Professional Regulation) that...
The OCC has decided to pursue the federal fintech charter for which we have been advocating.
We've been calling for a federal alternative to state money transmission licensing for digital currency companies since our inception, and today we are thrilled by Comptroller Curry's remarks: that the OCC will...