“Comptroller of the Currency Jonathan Gould spoke at an industry event in Washington, arguing that the OCC won’t resist crypto because of banker complaints.”, — write: www.coindesk.com
“The OCC is hearing from existing national banks, on a near daily basis, about their own initiatives for exciting and innovative products and services,” he said at the Blockchain Association’s policy summit on Monday in Washington. “All of this reinforces my confidence in the OCC’s ability to effectively supervise new entrants as well as new activities of existing banks in a fair and even-handed manner.”
Gould said the process to apply for new charters — de novo banks — had shuddered almost to a stop, but it’s back up to 14 applicants in the past year, with many of them associated with digital assets and other financial technology services.
“There is simply no justification for considering digital assets differently,” he said. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”
Gould’s agency oversees national banks and trusts and is the only federal chartering authority for banks. The OCC’s granting of charters to crypto firms had been slow to move forward, with Anchorage Digital holding its status as the only OCC-licensed crypto bank for years. But last month, crypto bank Erebor was granted a provisional charter, the first one under Gould’s watch.
The banking regulator under the administration of President Donald Trump has rapidly reversed earlier resistance and risk aversion targeting crypto banking, and Gould said the OCC and Federal Deposit Insurance Corp. are together preparing rules to eliminate “reputation risk” from their supervisory regulations.
Gould suggested the financial system must “evolve from the telegraph to the blockchain.”
And he warned that his agency is reviewing banks’ debanking practices when it comes to providing services for crypto businesses and their executives.
Read More: Coinbase Faces Flak from Traditional Bankers on Its Push for Trust Bank Charter
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Canada’s tax agency says legal gaps limit its ability to track crypto-related income as it recovers $100 million through audits and pushes for tighter regulation.
- The Canadian Revenue Agency reports that 40% of crypto platform users are evading taxes or are at high risk of non-compliance.
- CRA’s cryptoasset program has 35 auditors working on over 230 files, resulting in $100 million in taxes collected over three years.
- New legislation to combat financial crimes, including crypto tax evasion, is expected by Spring 2026, as announced by the Minister of Finance.
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