The Office of the Comptroller of the Currency (OCC) has issued new guidance permitting national banks and federal savings associations to engage …
Banks
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Regulation
US banking authority clears path for crypto services at national banks
by shayaanby shayaanThe Office of the Comptroller of the Currency (OCC) confirmed on May 13 that national banks are now authorized to engage in …
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Markets
OCC: Banks Can Buy and Sell Their Customers' Crypto Assets Held in Custody
by shayaanby shayaanThe U.S. Office of the Comptroller of the Currency, which regulates national banks, has continued its about-face to earlier resistance to cryptocurrency …
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Regulation
OCC reaffirms banks’ authority to offer crypto services without prior approval
by shayaanby shayaanThe Office of the Comptroller of the Currency (OCC) clarified on May 7 that federally chartered banks and savings associations may offer …
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Finance
Justin Sun Accuses First Digital Trust of Misusing $500 Million via Dubai Banks
by shayaanby shayaanTron founder Justin Sun has renewed his accusations against First Digital Trust (FDT), claiming the firm moved $500 million in customer funds …
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TRON founder Justin Sun has issued an update on what he describes as a “$500 million fraud” involving misappropriated TrueUSD (TUSD) reserves. …
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Kazakhstan is exploring the creation of crypto banks as part of its effort to build a robust digital asset ecosystem. The proposed …
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Regulation
Custodia CEO slams Fed policy for giving big banks preferential treatment in stablecoins
by shayaanby shayaanCustodia Bank CEO Caitlin Long accused the US Federal Reserve of quietly maintaining anti-crypto policies that favor large banks while presenting an …
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Regulation
US Federal Reserve Announces Withdrawal of Guidance for Banks Concerning Crypto Activities
by shayaanby shayaanThe Federal Reserve is taking a major step back from monitoring banks’ crypto activities. In a new press release, the regulator says …
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The US Federal Reserve confirmed that it rescinded earlier directives concerning banks’ involvement with crypto and dollar tokens, according to an April …