OCC: Banks must prove they can manage stablecoin, crypto risk

https://bankautomationnews.com/allposts/crypto-defi/occ-banks-must-prove-they-can-manage-stablecoin-crypto-risk/
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The Office of the Comptroller of the Currency today published a legal interpretation of letters issued in July and October 2020, and January 2021 to clarify that a bank may legally engage in certain cryptocurrency, distributed ledger and stablecoin activities, if it can demonstrate to the supervisory office this can be done in a “safe […]

https://bankautomationnews.com/allposts/crypto-defi/occ-banks-must-prove-they-can-manage-stablecoin-crypto-risk/