Brian Brooks' Last Dance
By EsqSocial Corporation 26/02/21
So let’s dance this last dance. On Jan. 4, 2021, the Office of the Comptroller of the Currency (“OCC”) published a Chief Counsel’s Interpretative Letter (the “Letter”) confirming the authority of national banks’ and federal savings associations’ to participate in independent node verification networks (“INVN”) (distributed ledger technology), and use stablecoin cryptocurrency to conduct payment activities and other bank permissible functions....
By: Nelson Mullins Riley & Scarborough LLP