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OCC Acting Comptroller Michael Hsu said he's working with global regulators to find "a consistent, careful and cautious approach to bank involvement in crypto."
The new appointments deepen the digital bank’s expertise in digital assets, regulatory compliance and bank operations as it hopes to become a federally chartered national bank.
The student loan and financial service provider cannot "engage in any crypto-asset activities or services," the Office of the Comptroller of the Currency said.