Banking regulator, the Office of the Comptroller of the Currency (OCC), clarified its position on the stablecoin and crypto-asset interpretive letters published while Brian Brooks was the acting head. Additionally, the Federal Reserve, OCC, and FDIC outlined a joint roadmap of work.
Together the regulators plan to publish further bank guidance on the following topics in 2022:
On the latter point, they plan to assess bank capital requirements if banks plan to hold crypto-assets. Meanwhile, at an international level, the Basel Committee has been working on similar capital requirements.
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