The hearing featured law processors, the National Association of Federally-Insured Credit Unions as well as former U.S. Comptroller of the Currency Brian Brooks. The panel also discussed what services need to be offered for an entity to be considered a bank in the first place.
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Legitimacy of Fintech Banking At Heart of Congressional Hearing
Congress brought together a team of legal experts to discuss fintech’s role in the banking industry; much of the conversation centered around what, if any, entity should be in charge of green lighting licenses. So reports The Block Crypto.
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