James Kong

White & Case LLP

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UnSound: OCC IL 1179 and Its Backwards Creation of New Law

On November 23, 2021, the Chief Counsel and Senior Deputy Comptroller Benjamin W. McDonough of the Office of the Comptroller of the Currency (the "OCC") issued OCC Interpretive Letter 1179 (dated November 18, 2021) ("IL...more

12/1/2021  /  Banking Sector , Banks , Cryptocurrency , Digital Currency , Financial Institutions , OCC , Pre-Clearance
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