How PayPal’s approach to crypto breaks with precedent


PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers.


BNP Paribas out front on digital asset storage


National banks just got the OCC's go-ahead this summer to hold and transfer digital assets like bitcoin for customers, but the Paris-based bank has already vetted the technology needed to do the job.


Banks are permitted to hold crypto assets. Will they?


In July, the OCC issued a letter clarifying that federally chartered banks can store cryptocurrency assets for their clients. A recent global survey finds that many are wary of the risks.


Financial institutions, government still wary of crypto


Employees in the financial industry and public sector are considerably more worried about the risks posed by digital currency than those in the cryptocurrency field, a new survey finds.


Banks can hold stablecoin-related assets for customers, OCC says


The agency issued an interpretive letter on stablecoins two months after permitting institutions to provide wallet services for cryptocurrency holdings.


State oversight of payments giants ‘a vestige of history,' Brooks says


In a sharp escalation of the battle over the future of the dual banking system, the acting chief of the Office of the Comptroller of the Currency suggested that states should defer to federal authority in supervising global money transmitters.


What's a blockchain bank? A Wall Street veteran building one explains.


Caitlin Long, a former Morgan Stanley and Credit Suisse managing director, is starting a special-purpose depository institution that will provide payment and custody services to institutional investors and corporate treasurers.


OCC's Brooks questions need for government-owned payment systems


Appearing to support decentralized systems, the acting comptroller of the currency said on a podcast that "the ultimate public ownership of the payment rails is when you have a network, like the internet, of interconnected institutions and computers."


What Mastercard's crypto plans signal for the future of digital payments


Major payment companies have long looked on at cryptocurrencies as too risky to touch, but too tempting to ignore. Mastercard's latest move indicates that the card brands are ready to make a firm pitch for crypto spending.


OCC allows banks to hold cryptocurrency assets for safekeeping


Responding to an unnamed bank that had sought the opinion, the regulatory agency issued an interpretive letter clarifying that an institution's custody services can be used for cryptographic keys and other digital currency-related assets.