“The Crypto Industry Argued that US Regulators Used the Idea of Risks to Banks’ Reputation to Pressure Them to Reject Digital Assets Clients, and The Occc Has Answered.”, – WRITE: www.coindesk.com
The OCC is Removing that Factor from It Supervision Handbook, The Agency Said in a Thursday Statement.
“The OCC’s Examination Process Has Always Been Rooted in Enzuring Appropriate Risk Management Processes For Bank Activities CompTroller of the Currency Rodney Hood.
Federal Reserve Chair Jerome Powell Had Made A Similar Commitment in a Congressional Hearing Last Month that Fed Wuld Cutny of Scrutiny from Its Internal Supervision Manuals.
The OCC Has Been Making Moves to Ease The Compliance Path for Banks Engaging in Crypto Business. It Recently Erassed Earlier Guidance That Had Called for Banks to Get Pre-APROVAL IN WRITING FROM The AGENCY IF they wanted to Handle Digital Assets Business Lines.
The Banking Regulator May Soon have ittmanent Chief, with President Donald Trump’s Nominee, Jonathan Gould, Facing A Senate Confirmation Hearing Next Week. The Head of the Occal To Be Act More Quickly and Decisively Than Other Financial Regulators, Because The Person Operates As the Sole Authority Without Aee -See.
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