The American Independent Community Bankers Association urges the OCC to reject Sony's stablecoin license.
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Promote with Leviathan NewsTheir pain point was that Sony wants to issue deposit like stablecoins while avoiding full U.S. banking regulations which can cause insolvency and no consumer protection.
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- Why did Sony choose to issue a US dollar stablecoin and abandon ... (binance.com)
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- [PDF] Application of Sony Bank Incorporated to Establish a National Trust ... (occ.treas.gov)
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