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US Federal Regulator Allows Banks to Issue or Use Stablecoins for Payments

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US Treasury to Allow Blockchains, Stablecoins for Bank Payments

US Treasury to Allow Blockchains, Stablecoins for Bank PaymentsThe Office of the Comptroller of Currency has announced on January 4 that financial institutions like banks can now make use of stablecoins and blockchains to process payments, via a letter. The OCC informed banks that they could use these new methods as long as they comply with regulations and best banking practices in the US.

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