SoFi Technologies Inc., the financial firm led by former Twitter Inc. executive Anthony Noto, surged after the Office of the Comptroller of the Currency granted it a U.S. banking charter. The online lending platform acquired Golden Pacific Bank as a path to getting the full-fledged banking license, the regulator said in a statement on Tuesday. […]

American online personal finance company Social Finance has obtained conditional approval from the Office of the Comptroller of the Currency to establish SoFi Bank, National Association. (Read More)

Bank of New York Mellon is optimistic about a meaningful revenue ticking from its crypto services. On Tuesday, January 18, the bank’s chief financial officer Emily Portney said that the bank is collaborating with Fireblocks, a unicorn FinTech that allows financial institutions to store crypto assets. Portney said that the U.S. regulators should provide more

The post BNY Mellon Sees Meaningful Revenue In Crypto by 2023 Post Clear Regulations appeared first on CoinGape.

Michael J. Hsu, the Acting Comptroller of the Office of the Comptroller of the Currency (OCC) has advocated that regulators should collaborate with major crypto intermediaries in order to get a grasp of how the ecosystem functions. (Read More)

Milano, 14 gennaio 2022 – Anno 2022: bitcoin diventa a tutti gli effetti una asset class di investimento. Praticamente un “titolo” che potrà essere comprato in banca, al pari di azioni e obbligazioni, anche in Italia. L’apripista sarà Banca Generali attraverso l’accordo con Conio. “Riteniamo che il trend sia iniziato e che – come sempre […]

The post 2022: L’ANNO IN CUI IL BITCOIN DIVENTÒ UN’ASSET CLASS appeared first on Fintech News.

OCC joins with the Feds for new crypto legislation. OCC to intervene more crypto firms and establishments as intermediaries along

The post has appeared first on thenewscrypto.com

Michael J. Hsu said that the mainstreaming of crypto has occurred despite regulatory and legal uncertainty, and a series of scams, hacks, and other disruptive events.

A solid regulatory framework could help improve the users' trust in stablecoins, preventing a possible run, according to the OCC

Michael Hsu believes bank regulation of stablecoins would be good for the crypto industry—and the safety of the financial system.

January 14, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ DeFi lottery protocol PoolTogether is facing a lawsuitpertaining to whether[...]

The post Invest $10 in DeFi, Immediately Sue appeared first on Unchained Podcast.

Acting comptroller of the Office of the Comptroller of the Currency (OCC), Michael Hsu has revealed that regulating stablecoin issuers like banks, could help innovations thrive in the crypto industry. Acting OCC Chief Speaks On The Need For Stablecoin Regulation The top U.S banking regulator revealed this during an event on Thursday, where he repeatedly

The post Regulation Could Bolster Stablecoin Innovation – Acting OCC Chief appeared first on CoinGape.

U.S. regulatory authorities may be less lenient about bank accounting and reporting errors stemming from old technologies — like spreadsheets — particularly for repeat offenses. Banks could see 500% higher fines for errors stemming from outdated, problematic methods. So predicts Bikram Singh, chief executive officer of Brunswick, N.J.-based EZOPS, a provider of an artificial intelligence […]