Today news
About the same in other media
Acting CoC Hsu: More crypto regulation is needed
Reading now: 741
In remarks given at the American Fintech Council’s 2021 Policy Summit, acting Comptroller of the Currency Michael J Hsu called for greater regulation of universal crypto firms.
The Office of the Comptroller of the Currency is responsible for regulatory oversight of federally chartered banks operating within the United States. Hsu further declared:
Glass-Steagall was a 1933 federal law that walled off investment and commercial banking, and was repealed in 1999. Hsu finally cautioned, “In the cryptocurrency space, the rapid growth in users and total market value has only been matched by the growth in scams and consumer complaints. 'Move fast and break things' is a common mantra in tech. In the financial services context, it is important to
Read more on cointelegraph.comAbout this in other media
Acting OCC head calls for consolidated supervision for crypto firms cointelegraph.com /2 years ago
Crypto Gift Plans, Bitcoin Goes Baseball, SEC vs. BlockFi + More news cryptonews.com /2 years ago
Slow Start for Third Bitcoin ETF, Lower Costs Could Attract More Capital cryptonews.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
