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Comptroller of the Currency Brian Brooks Discusses New Regulations For The Crypto Space
Summary: The United States’ acting Comptroller of the Currency has stated that new regulations will be passed in the coming weeks, but assured the blockchain industry that they would not disrupt the blockchain industry. Last week, crypto Twitter swirled with rumors that new know-your-customer regulations would be introduced forcing crypto exchanges to collect KYC information for ...
The United States’ acting Comptroller of the Currency has stated that new regulations will be passed in the coming weeks, but assured the blockchain industry that they would not disrupt the blockchain industry.
Last week, crypto Twitter swirled with rumors that new know-your-customer regulations would be introduced forcing crypto exchanges to collect KYC information for users' private wallets. However, Brooks denied these claims adding that the regulations are not designed to hurt the crypto industry,
“We are very focused on getting this right…we’re very focused on not killing this,” Brian Brooks told CNBC.
Brooks added that new regulations would be announced in coming weeks and that they would circulate around whether banks can connect directly to public blockchains. He also stated that by the end of the Trump term the crypto industry will have more regulatory clarity.
By Emily Mason
Tags: Brian Brooks,Comptroller of the Currency,Regulation,Regulation,Trump Administration
Link: Comptroller of the Currency Brian Brooks Discusses New Regulations For The Crypto Space [Copy]
