comparemela.com

Latest Breaking News On - Interpretive letter - Page 11 : comparemela.com

The Rise Of Cryptocurrency For Banks - Technology

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

To print this article, all you need is to be registered or login on Mondaq.com. 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,

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.”

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.