The U.S. Office of the Comptroller of the Currency has a lot of catching up to do in dealing with innovative information technology, as it affects not only conventional finance, but also new channels of e-commerce made possible through advances in IT. These channels include cryptocurrencies such as bitcoin, related “blockchain” technologies, and other Internet-driven financial services. The OCC, a unit of the U.S. Department of the Treasury, has established an Office of Innovation.