From: CCN.LA
Thomas J. Curry, Comptroller of the Currency, opened today the Office of the Comptroller of the Currency (OCC) Forum on Supporting Responsible Innovation in the Federal Banking System at OCC’s headquarters in Washington DC which brought together “thought leaders from banks, financial technology companies, academia, community and consumer groups.”
Curry’s agency is tasked with overhauling outdated financial legislation to take into account new innovation such as blockchain and blockchain related technology, which has taken the financial world by storm since last year, and more semi-traditional innovation such as app only banks.
In prepared remarks shared with CCN, the Comptroller emphasized “responsible innovation” defined by Curry as:
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