Cryptocurrency firms operating multiple entities in different countries should be overseen by one consolidated “home” regulator to stop them from playing "games" aimed at skirting regulators, the acting head of the United States banking regulator has opined. Michael Hsu, the Acting Head of the Comptroller of the Currency (OCC) made the comments in prepared remarks for the Mar. 6 Institute of International Bankers conference in Washington, D.C. The OCC is a bureau within the Treasury Department that regulates U.S. banks and aims to ensure the safety of the country's banking system. It has the power to permit or deny banks from engaging in crypto-related activities. (Cointelegraph)
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