Oversight and supervision should be applied to banks and nonbanks engaged in digital asset activities alike to ensure all customers are protected equally.
Acting Comptroller of the Currency Michael Hsu advocated for stablecoin technical standards today during an event focused on artificial intelligence and the economy.
Whatever the specifics, we can be certain that every business that deals with virtual currencies will be affected as well.
As banks increasingly explore or embark on activities related to cryptocurrencies, the Basel Committee on Banking Supervision today released a public consultation document on the prudential treatment of banks’ cryptocurrency asset exposures.
From offering bitcoin rewards checking to meeting the unique credit needs of gig workers and sole practitioners, Quontic Bank depends on innovative ideas and execution.
ABA urged the Federal Reserve and the Financial Crimes Enforcement Network today to withdraw a proposed rule that would reduce the transaction threshold from $3,000 to $250 for when banks must collect and retain information on funds transfers and remittances that start or end outside of the United States.
As bitcoin and other private digital currencies gain wider acceptance, is a “central bank digital currency” on the way soon?