Tag: OCC
U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud
Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting he [...]
Figure Technologies Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year OCC Fight
“Had Figure not withdrawn its application, both law and common sense would have dictated that regulators reject it,” said Jesse Van Tol, president and [...]
Blockchain Association seeks info from Fed, FDIC, and OCC on ‘de-banking’ crypto firms
The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the potential “d [...]
OCC makes its staff available for fintech-related discussions
The United States Office of the Comptroller of the Currency, or OCC, has announced its representatives will be available on a one-to-one basis to disc [...]
OCC Comptroller: Crypto Companies ‘Don’t Know What They Want to Be When They Grow Up’
Michael Hsu, acting comptroller of the currency (OCC), joined “First Mover” to discuss why crypto companies need to decide their area of focus in orde [...]
US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier
Two United States government financial officials gave speeches on Sept. 7 in which they expressed their positions on crypto regulation. Both had reser [...]
OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’
Michael Hsu, who runs the U.S. Office of the Comptroller of the Currency, said the recent fiery collapse of TerraUSD (UST) and the wider drama that ca [...]
Acting OCC comptroller calls for standards on stablecoins
Michael Hsu, the acting head at the United States Office of the Comptroller of the Currency, said stablecoins need standards comparable to the early i [...]
OCC issues order against Anchorage Digital over AML compliance
The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and desist proceedings against cryptocurrency [...]
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
"As of 2021, the bank failed to adopt and implement a compliance program that adequately covers the required BSA/AML program elements, including, in p [...]
OCC Comptroller calls for federal collaboration with crypto intermediaries
The Acting Comptroller of the Currency, Michael J. Hsu, highlighted the need for collaboration and coordination with large crypto intermediaries to be [...]
OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu.Speaki [...]
OCC Nominee Omarova Withdraws From Bank Regulator Consideration
“As a strong advocate for consumers and a staunch defender of the safety and soundness of our financial system, Saule would have brought invaluable [...]
OCC Highlights Digital Assets in Risk Report for Banks
“This includes ensuring sufficient knowledge and expertise in the underlying products and services and processes to identify and address strategic, [...]
Democratic senators oppose President Biden’s OCC Omarova nomination
A group of five Democratic senators has reportedly rejected President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of [...]