OCC Slams Brakes On New Bank Charters With New Barriers To Using Crypto
Today, the Office of the Comptroller of the Currency (OCC), the nation’s regulator of large banks such as J.P. Morgan Chase and Wells Fargo, issued Interpretive Letter 1179, which erects supervisory barriers that will slow the entry of the fast-growing cryptocurrency industry into the U.S. banking system. Acting Comptroller Michael Hsu effectively issued a rebuke …
OCC Slams Brakes On New Bank Charters With New Barriers To Using Crypto Read More »