US OCC calls on community banks to become payment stablecoin issuers
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
The Office of the Comptroller of the Currency is urging community banks to apply to become permitted payment stablecoin issuers. The announcement follows the regulator finalizing its rules for the GENIUS Act, which is set to be implemented in January, amid pushback from banking advocacy groups and ongoing legal disputes over crypto charters.
Continue in the app — vote & join in ➔Source: Cointelegraph · via ahirlevel.hu