The OCC letter and the future of cryptocurrency: What it means for the Bitcoin price, Wall Street, Facebook and China

The Office of the Comptroller of the Currency (OCC) today published a letter which addresses the legal permissibility of certain payment-related activities that involve the use of new technologies, including the use of independent node verification networks (INVNs or networks) and stablecoins, to engage in and facilitate payment activities.   The OCC has found that payment …

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