The Federal Deposit Insurance Corporation has issued its first official proposal outlining how banks can obtain approval to issue payment stablecoins, marking the GENIUS Act’s regulatory framework moving from statute to execution. FDIC Opens Door for Bank Stablecoins With New Approval Framework The FDIC’s notice of proposed rulemaking, approved by the agency’s board on December […]
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Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank built around artificial...
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