OCC AUTHORIZES THE USE OF STABLECOINS FOR PAYMENT ACTIVITIES

OCC AUTHORIZES THE USE OF STABLECOINS FOR PAYMENT ACTIVITIES

The Office of the Comptroller of the Currency (“OCC”) released another Interpretive Letter relating to a nation bank’s use of cryptocurrency and blockchain technology. Interpretive Letter 1174 provides that national banks and federal savings associations may use independent node verification networks (“INVN”) and stablecoins to carry out permissible payment activities…Read More