I think this news may be comparable to ETF news and may likely show that regulatory officials are finally comfortable with bitcoin. It will have major positive effects on mainstream adoption. Until now there have been far too many barriers for smaller/medium sized companies in the USA. This positive regulatory change will finally open the door.
I expect that the officials making regulatory decisions regarding the bitcoin ETF's will take note of this truly positive perspective by the office of the US Treasury.
"The office of the US Treasury in charge of currency policy has revealed plans to grant special-purpose bank charters to companies working in the fintech space.
Van Cleef said: "It will provide a solution to 50 state money transmitter licensing and it may create different impressions in the mind of potential cryptocurrency users if they’re dealing with a bank instead of a cryptocurrency exchange."
the move could "help drive greater mainstream adoption of cryptocurrency", by giving approved exchange services a greater degree of credibility, according to lawyer Carol Van Cleef, newly hired by Baker Hostetler."
http://www.coindesk.com/occ-charter-bitcoin-exchanges-special-national-bank-status/
Topic: New OCC Charter Could Give Bitcoin Exchanges Special Bank Status (Read 271 times)
Jump to: