Paxos Seeks National Bank Trust Charter Amid Rivals' Moves
Paxos aims to shift its regulatory oversight from New York to federal, joining other stablecoin firms in their charter applications.
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Paxos aims to shift its regulatory oversight from New York to federal, joining other stablecoin firms in their charter applications.
The Office of the Comptroller of the Currency has paved the way for banks to participate in cryptocurrency services, requiring them to demonstrate trustworthiness.
A recent directive from the U.S. Office of the Comptroller of the Currency permits banks to buy and sell their customers' cryptocurrency assets.
The Office of the Comptroller of the Currency has removed the requirement for banks to consider reputational risk when dealing with clients in the cryptocurrency sector.
The OCC clarifies that federally regulated banks can now engage in cryptocurrency-related activities without prior approval.
Details on Trump's latest nominations for essential crypto regulatory positions show a focus on experienced candidates.
The recent changes in leadership at key U.S. financial regulatory agencies may favor the cryptocurrency sector, according to experts.
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