Banks Want Risk Controls Tested at Nonbank Stablecoin Issuers
The first comment period on the Office of the Comptroller of the Currency’s proposed application forms for payment stablecoin issuers closed Friday (Sept. 25), with banks asking the regulator to put more emphasis on the risk controls of nonbank applicants. The July 27 OCC notice outlined the information prospective issuers would provide under the GENIUS […] The post Banks Want Risk Controls…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.
