brian brooks – Page 2

Binance Extends Blockade of Zimbabwean Crypto Users to Include Non-Resident Traders

June 3, 2021 by DIGIT

Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens. As a result of the new measures, all Zimbabwean nationals are now precluded from using the Binance trading platform. Zimbabwean Nationals Blocked Prior to the introduction of this new measure, Binance apparently allowed Zimbabwean nationals with non-Zimbabwean residential addresses … Read more

Top US Banking Regulator to Review Cryptocurrency Standards Under New Leadership

May 20, 2021 by DIGIT

The new Acting Comptroller of the Currency, Michael Hsu, has requested a review of the cryptocurrency standards established by the top U.S. banking regulator. He is also urged to “reassess any conditional national trust charters and halt the approval of any additional charters to nonbank entities” during the review. Top Banking Regulator Reviewing Crypto Policy … Read more

Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform

April 20, 2021 by DIGIT

A former top regulator and acting head of the U.S. Comptroller of the Currency, Brian Brooks has been appointed the CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1st and replace the company’s current lead, Catherine Coley. Binance has hired an individual with ties to Washington, as the company’s American trading … Read more

Former currency comptroller to become CEO of Binance.US crypto exchange

April 20, 2021 by DIGIT

Former top U.S. banking regulator Brian Brooks is joining the U.S. affiliate of the world’s largest cryptocurrency exchange as its new CEO. Go to Source Powered by WPeMatico

Brian Brooks defends fintech charter to House Financial Services Committee

April 16, 2021 by DIGIT

Brian Brooks has defended the fintech charter he oversaw while heading the OCC, warning heavy-handed crypto regulations could undermine U.S. competitiveness globally. Go to Source Powered by WPeMatico

Former OCC official says crypto has backing but dollar ‘may not’

March 26, 2021 by DIGIT

Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Go to Source Powered by WPeMatico

Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC

January 15, 2021 by DIGIT

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country. In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter, which allows it to create Anchorage Digital … Read more

Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment Activities

January 5, 2021 by DIGIT

The top banking regulator in the U.S. has announced that national banks and savings associations in the country can use public blockchains and stablecoins for payment activities. Experts say this is good for bitcoin and its importance should not be understated. Banks Can Use Public Blockchains and Stablecoins The Office of the Comptroller of the … Read more

Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns

December 26, 2020 by DIGIT

The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding … Read more

Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks

December 6, 2020 by DIGIT

The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors to know how to invest,” therefore attracting more institutional … Read more