US Comptroller of the Currency Calls for Innovative Regulations on Digital Currencies and FinTech

Comptroller of the Currency Thomas J. Curry, who heads an independent department in charge of supervising all U.S. national banks, state

Sourced through Scoop.it from: bitcoinmagazine.com

Andres Quentson reports – Comptroller of the Currency Thomas J. Curry, who heads an independent department in charge of supervising all U.S. national banks, stated in a speech April 7 at the American Banker Retail Banking Conference striking remarks the comptroller stated:

“[I]t’s not unreasonable to characterize the change underway in the financial marketplace as revolutionary. But purists might point out that real revolutions sweep away existing institutions. That hasn’t happened,” he said, but warned: “without change, banks could go the way of other businesses that failed to adapt to changing times.”

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