📰 News Alert...

🔖 Title: US Bank Lobby Challenges Crypto Firms’ Bids for Bank Licences

🗓️ Published: 2024-12-01

📄 Summary: Major US banking and credit union groups have formally requested the Office of the Comptroller of the Currency (OCC) to postpone decisions on bank charter applications submitted by cryptocurrency companies. The lobbyists cited “significant policy and process concerns,” highlighting the need for further review and caution before approving crypto firms as banks. This move reflects the ongoing tension between traditional financial institutions and emerging digital asset businesses seeking to expand their roles in the regulated banking sector.

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https://cointelegraph.com/news/bank-lobby-urge-delay-crypto-bank-licence-bids?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

🗞️ Source: Cointelegraph by Jesse Coghlan

💓 #CryptoRegulation #BankingChallenges #DigitalAssets