Acting Comptroller of the Currency Michael Hsu advocated for stablecoin technical standards today during an event focused on artificial intelligence and the economy.
Browsing: Emerging Payments
The crypto-asset market could reach a point where it presents a threat to global financial stability, according to a new report released today by the Basel, Switzerland-based Financial Stability Board.
In a statement for the record shared ahead of a House Financial Services subcommittee hearing on stablecoins today, the American Bankers Association agreed with a recent report from the President’s Working Group on Financial Markets that action is “urgently needed” to address gaps in regulation of the stablecoin market.
The pace of innovation in crypto is exciting and industry growth is an opportunity for banks but regulation is needed, OCC head says.
Customers accessing digital-asset markets, including stablecoins, are best served when they can do so through fully regulated banks, ABA tells Senate Banking Committee.
As financial innovation forges ahead and digital currencies like bitcoin continue to make headlines, Federal Reserve Vice Chairman for Supervision Randal Quarles today emphasized the need to balance innovation with financial stability.
Instant Issuance: What You Need to Know About Software for Purchase and Software as a Service Solutions
Sponsored content presented by CPI Card Group, Inc.