US Banks are now permitted to hold Tether (USDT). It just looks like the policy makers are increasingly becoming aware of the advantages of stable coins and cryptocurrencies.
Previously, around July, The Office of the Comptroller of the Currency (OCC) published a letter which clarified stating that national banks’ and federal savings associations’ authority can provide cryptocurrency custody services for their customers.
Banks are meant to fulfill the requirements of customers. If increasing numbers of customers are willing to go with the idea of stable coins and cryptocurrency, it is only practical for regulators to help meet with the financial service requirements of their customers.
Brian P. Brooks, previously stated, “From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today.”
OCC have expressed their understanding of the financial markets getting to be increasingly digitized. They feel that banks and several other service providers will be able to leverage the new technology and come up with innovative ways to provide for their customer’s requirements.
Sydney Ifergan, the crypto expert tweeted: “Ultimately regulators will not have an option than to accept and approve of Stable coins like Tether (USDT).”
For those who do not know, The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury and is led by the Comptroller of the Currency.
Tether (USDT) MCCVR2020
With Tether having recently returned the 1M $USDt to the legitimate owners, many of them are spreading the idea that it is okay to get in to DeFi projects, but it needs to be using Tether.
Recently, Tether ($USDt) got listed on BitBay, an Estonia licensed crypto-to-fiat exchange.
Bitfinex tweeted: “Join @paoloardoino today where he discusses his thoughts on “Are Exchanges Ready for a Bull Market?” at the #MCCVR2020”
To Enter MCCVR 2020 that will be taking place entirely in virtual reality on September 25th and 26th from 10 a.m. to 4 p.m. Eastern Daylight Time. They have built a fantastic world for users to explore!
While it is possible for users to certainly use their VR headset to join MCCVR 2020, users might not need one to attend, because a web browser works too. Top tier speakers are the speakers and panelists and it is worth tuning in to it.
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