US Bank Regulator Charts Path for Blockchain Startup Oversight
A US banking regulator has unveiled a broad innovation policy aimed at regulating startups working with blockchain and other fintech. On 26th October, the Office of the Comptroller of the Currency (OCC) released its “responsible innovation framework”, a policy outline that the agency has been working on since earlier this year. In March, the OCC released a white paper setting out its objectives. The agency will establish an “Office of Innovation”, headquartered in Washington, DC, that will spearhead policy development and outreach as it relates to fintech. The head of that office, who will....
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