Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Power on January 05, 2021, 02:02:51 AM

Title: OCC greenlights national banks to run nodes and stablecoin networks
Post by: Power on January 05, 2021, 02:02:51 AM

The latest from the Treasury's most crypto-forward office says that national banks don't have to fear stablecoin nodes. Monday evening, the Treasury's Office of the Comptroller of the Currency told national banks that they are allowed to run independent nodes for distributed ledger networks.

Referring to of independent node verification networks, the OCC's interpretive letter says that banks "may use new technologies, including INVNs and related stablecoins, to perform bank-permissible functions, such as payment activities."
https://cointelegraph.com/news/occ-greenlights-national-banks-to-run-nodes-and-stablecoin-networks

Title: Re: OCC greenlights national banks to run nodes and stablecoin networks
Post by: Malam90 on January 05, 2021, 12:41:18 PM

Recently we are having a lot of news related to stable coins. It proves that stable coins are very essential for the cryptocurrency development. So, in the next, we can see many rules imposed to control on it so that it can play its role in a right way. I welcome it.