Treasury Department


OCC ruling signals more innovation for stablecoins, CBDCs

OCC ruling signals further innovation for stablecoins, CBDCs

(ATF) The Office of the Comptroller of the Currency released a letter on January 7 announcing that US banks are now allowed to participate in public decentralized networks and use stablecoins to conduct payment settlements. The letter also added that banks under the jurisdiction of the OCC – which is …

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US Treasury seeks 'resolution' with ByteDance on security concerns

US Treasury seeks 'resolution' with ByteDance on security concerns

The US Treasury Department said on Wednesday it wants a resolution of national security concerns it has raised over China-based ByteDance's acquisition of US social media app Musical.ly, which it then merged into video-sharing app TikTok.The statement came a day after China-based ByteDance filed a petition with the US Court …

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