OCC says banks and savings associations can now run crypto nodes and use associated stablecoins for “permissible payment activities”
National banks and federal savings associations can use public blockchains and stablecoins for settlement, The Office of the Comptroller of the Currency …
The Block Aislinn Keely
Related Coverage
- OCC Chief Counsel's Interpretation on National Bank and Federal Savings Association Authority to Use Independent Node Verification Networks and Stablecoins for Payment Activities Office of the Comptroller of the Currency
- US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins CoinDesk · Nikhilesh De
- Federally Chartered Banks and Thrifts May Participate in Independent Node Verification Networks and Use Stablecoins for Payment Activities Office of the Comptroller …
- OCC Regulator Implements Groundbreaking Cryptocurrency Guidance For Banks And The Future Of Payments Forbes · Hailey Lennon
- View article coinspeaker.com
- View article CoinDesk
- US Treasury Will Allow Stablecoins for Bank Payments InsideBitcoins.com · Sherlock Gomes
- Ethereum Price Could Surge as OCC Permits US Banks to Run Nodes For Stablecoins blockchain.news · Lucas Cacioli
- OCC: National Banks and Federal S&Ls May Use Stablecoins for Payment Activities Crowdfund Insider · JD Alois
- Bitcoin, Ethereum & Stablecoin Tribes Fight Over Benefits Of OCC News Cryptonews
- View article BitcoinExchangeGuide
- Regulator gives green light for banks to use blockchains and stablecoins for settlement SiliconANGLE · Duncan Riley
- U.S. Banks Can Run Nodes and Facilitate Stablecoin Payments: OCC BTC Times · Thomas M.
- U.S. Banks Can Now Run Nodes for Stablecoins Crypto Briefing · Mike Dalton
- The OCC Opens The Door For Decentralization At Banks The Pomp Letter · Anthony Pompliano
- US Treasury to Allow Blockchains, Stablecoins for Bank Payments Decrypt · Jeff Benson
Discussion
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@jerallaire
Jeremy Allaire
on x
1/ Breaking major news from US Treasury OCC, the largest US banking regulator (@USOCC), with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system. https://www.occ.gov/...
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@domschiener
Dominik Schiener
on x
This is absolutely exciting for #IOTA. Clear regulations will pave the wave of adoption for Banks, Corporations and Governments to fully enter and participate in our ecosystem. https://twitter.com/...
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@truecrypto28
Mr. Anderson
on x
#BTC What the banks and the regulators don't know/realize is that #Bitcoin is a Black hole that absorbs value from accessible sources. Open the doors to the system and watch her eat. It's all happening just as we said it would. https://www.theblockcrypto.com/ ...
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@cz_binance
CZ Binance
on x
Progress! Federally Chartered Banks can use stable coins for settlement. Pressure is on for banks in other countries. After they get used to this, they will also learn using #bitcoin to settle is much better still, for the banks and everyone else. https://www2.occ.gov/...
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@kmsmithdc
@kmsmithdc
on x
Kristin Smith, executive director of the Blockchain Association, said on Twitter that “the letter states that blockchains have the same status as other global financial networks, such as SWIFT, ACH, and FedWire.” https://twitter.com/...
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@spartanblack_1
SpartanBlack
on x
This is game changing for all of crypto.... https://twitter.com/...
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@scottmelker
@scottmelker
on x
I'm confused because I want to short the bankers but now we are all basically just bankers? Also, CBDCs are coming. https://www.theblockcrypto.com/ ...
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@oddstocktrader
Cody P.
on x
This news... is probably the biggest crypto + news in... I can't even remember $BTC https://www2.occ.gov/...
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@galloway_the
Ross Galloway
on x
So how much of the recent price action is from rumors of this news leaking out to well connected people? Interesting to see major bullish news coming out right after a huge rally... https://twitter.com/...
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@arrington
Michael Arrington
on x
I thought this was years away at best. This is a BFD https://twitter.com/...
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@thinkingcrypto1
@thinkingcrypto1
on x
Thank you #CryptoComptroller @BrianBrooksOCC https://twitter.com/...
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@rleshner
@rleshner
on x
The @USOCC issued guidance for banks to participate as validator nodes of crypto networks, setting the stage for the upgrading of US financial infrastructure. This will increase access, transparency, speed and efficiency, and decrease costs of banking 👏 https://www.occ.gov/...
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@cryptoyieldinfo
@cryptoyieldinfo
on x
I don't think the Office of the Comptroller of the Currency has ever seen such excitement from one of its posts. Can't read it now. https://twitter.com/...
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@street_bandito
@street_bandito
on x
Holy shit wasn't this what ripple wanted so $xrp can be used as a settlement mechanism for different currencies?! https://www.theblockcrypto.com/ ...
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@melt_dem
Meltem Demirors
on x
🧨 this is amazing! we need more innovation in the American banking sector - this is huge step in the right direction in keeping crypto innovation here in America! https://twitter.com/...
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@prestonpysh
Preston Pysh
on x
Read in the squeakiest voice possible: “But the government is going to ban it...” False. In fact, they need it to work WAY more than people could ever realize. Things are unraveling....and fast... https://twitter.com/...
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@farzamehsani
Farzam Ehsani
on x
HUGE NEWS: “Our letter removes any legal uncertainty about the authority of banks to connect to blockchains...and thereby transact stablecoin payments on behalf of customers.” - OCC (US Federal Regulator) #Crypto is making its mark. https://www.occ.gov/...
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@marcvanderchijs
Marc van der Chijs
on x
This is HUGE news. Beginning of the end of the traditional financial system. Wow... https://twitter.com/...
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@fintechfrank
Frank Chaparro
on x
“Our letter removes any legal uncertainty about the authority of banks to connect to blockchains as validator nodes and thereby transact stablecoin payments on behalf of customers who are increasingly demanding the speed, efficiency, interoperability...” ~ Brian Brooks https://tw…