CB Insights

MAY 3, 2021

The company offers a variety of products, like crypto brokerage APIs, settlement services, a cryptocurrency exchange named itBit, and stablecoins. Paxos recently secured a trust charter from the US Office of the Comptroller of the Currency (OCC), making it the first digital asset custodian to be regulated at both the state and federal levels.

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Office of the Comptroller of the Currency PayPal Blockchain OCC 37

PYMNTS

AUGUST 3, 2020

Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. There are currently three community banks in the market that provide services to the digital asset arena: Signature Bank , Silvergate Bank and Metropolitan Commercial Bank.

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Real Time Payments Office of the Comptroller of the Currency Settlement Treasury 117

PYMNTS

DECEMBER 24, 2020

Office of the Comptroller of the Currency announced that banks could hold reserves on behalf of customers who issue stablecoins — which are, of course, a form of crypto but are pegged to an underlying asset such as a dollar. Over the summer, the U.S.

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Federal Reserve Bitcoin Cryptocurrency Office of the Comptroller of the Currency 103

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept.

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Office of the Comptroller of the Currency OCC Stablecoins Due Diligence 138

PYMNTS

JANUARY 15, 2021

For stablecoins, concept is edging closer to reality, especially for digital dollars – with a dose of regulatory clarity. To that end, as Jeremy Allaire , CEO of Circle , told PYMNTS’ Karen Webster, a number of trends are converging to bring stablecoins into the mainstream of commercial and consumer payments.

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Stablecoins OCC Regulations Office of the Comptroller of the Currency 101

PYMNTS

MAY 11, 2020

Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal licensing program in the event they offer what could be called payment services, CoinDesk reported. Meanwhile, MiL.k,

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Office of the Comptroller of the Currency Digital Currency Blockchain OCC 67

PYMNTS

NOVEMBER 4, 2020

In September, the Office of the Comptroller of the Currency (OCC) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins (those coins have to have a one-to-one relationship with a fiat currency). The Outlook For Stablecoins .

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Bitcoin Cryptocurrency Office of the Comptroller of the Currency Stablecoins 83

PYMNTS

DECEMBER 9, 2020

BitPay has filed with the Office of the Comptroller of the Currency (OCC) to set up a federally regulated bank called the BitPay National Trust Bank, which will be headquartered in Georgia. Rashida Tlaib has introduced the STABLE Act , which would require stablecoin issuers to obtain bank charters. In addition, Rep.

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Office of the Comptroller of the Currency OCC Stablecoins Digital Currency 129

CB Insights

FEBRUARY 16, 2021

While this can be exciting to witness, it also shows bitcoin’s massively unreliable nature — especially as a currency for goods and services. This is where stablecoins come into play. Stablecoins are much more fixed than normal cryptocurrencies. Recently, there has been a so-called “stablecoin invasion.” Source: CoinDesk.

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Stablecoins Multi-Currency Cryptocurrency Bitcoin 101