Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-125.html
Federally Chartered Banks and Thrifts May Engage in Certain Stablecoin Activities
The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks’ and federal savings associations’ authority to hold “reserves” on behalf of customers who issue certain stablecoins.
The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks' and federal savings associations' authority to hold "reserves" on behalf of customers who issue certain stablecoins.