Hello, this is kimm. Today, the Office of the Comptroller of the Currency (OCC), the largest banking regulator in the United States , announced the approval of the addition of public blockchains and dollar-linked stablecoins to the payment infrastructure of the US banking system .
The U.S. Monetary Authority has specified a strong framework that allows banks to treat public chains as similar infrastructure such as SWIFT, ACH, FedWire, etc., and to treat stablecoins as electronic value storage, and to open the era of stablecoin-based financial infrastructure. While identifying critical risks, we announced our commitment to managing these risks in a technology-agnostic way .
This announcement can be said to be more meaningful than any other news released by various regulatory agencies so far.It is a blockchain technology symbolized by decentralization, permissionlessness, open source, Internet-connected software, and this blockchain-based stableco. it is that now you can see that not only the US financial system begins in earnest adopted by the world's economic infrastructure.
Certainly, the US seems to be leading the market in the field of blockchain and cryptocurrency once again through the appearance of "clearly grasp, accept what is accepted, but reliably manage/regulate the identified risks" for completely new technologies. .