The U.S. Office of the Comptroller of the Currency, or OCC, has issued a proposal for an information collection that would require licensed payment stablecoin issuers under its supervision, along with foreign payment stablecoin issuers, to file weekly and quarterly reports. The proposal is tied to the requirements of the Paperwork Reduction Act of 1995 and seeks a new Office of Management and Budget, or OMB, control number for this new reporting collection. It has already been submitted to OMB for review. The OCC is also inviting public comment on the contents of the proposed information collection, according to a notice referenced by Federal Register. The move points to a formal reporting framework the agency is considering for supervised payment stablecoin issuers.
The U.S. Office of the Comptroller of the Currency (OCC) has issued a proposal for an information collection that would require licensed payment stablecoin issuers under its supervision, as well as foreign payment stablecoin issuers, to submit weekly and quarterly reports.
The proposal is intended to obtain a new Office of Management and Budget (OMB) control number for this new information collection under the Paperwork Reduction Act of 1995. It has been submitted to OMB for review.
The OCC is now seeking public comment on the contents of the information collection, according to Federal Register.
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