OCC Gives Banks Green Light to Hold Deposits Backing Stablecoins
In an interpretive letter, the OCC gave institutions under its supervision the greenlight to hold deposits that serve as reserves for “stablecoins.”
Browsing: Cryptocurrency
How U.S. Banks Can Start Planning to Deliver Crypto Custody Services
Will the OCC’s clarification that U.S. banks can hold a cryptocurrency’s unique cryptographic keys turn out to be the onramp into a new revenue stream?
OCC: Banks May Offer Crypto Asset Custody Services
In an interpretive letter today, the OCC said that national banks and federal savings associations may provide cryptocurrency custody services for their customers.
Have Virtual Currencies Virtually Arrived?
As bitcoin and other private digital currencies gain wider acceptance, is a “central bank digital currency” on the way soon?
OCC Issues Proposals on Bank Activities, Innovation
The OCC today proposed changes to its rules for national bank and federal savings association activities and operations to ensure that they can continue to meet the shifting needs of consumers, businesses and communities.
Basel Committee Taking a Look at Crypto-Assets, Virtual Currencies
The Basel Committee on Banking Supervision is seeking public feedback on how regulators should incorporate “crypto-assets,” including virtual currencies like bitcoin, into bank supervision.
Treasury Taking ‘Very Hard Look’ at Stablecoin Risks
Deputy Treasury Secretary Justin Muzinich put developers of so-called “stablecoins” like Libra on alert today, warning that their governance structures are of concern for U.S. policymakers.
Nichols: Banks Prepared for Interest Rate Uncertainty
Despite economic headwinds and uncertainties around the Federal Reserve’s next move on interest rates, the banking sector remains strong and healthy, American Bankers Association President and CEO Rob Nichols said today in an interview with Bloomberg TV.
Five Global Fintech Trends in 2019
By Tyler Mondres
Cryptocurrency Conundrum: Regulators Grapple with Digital Currencies
Recent enforcement actions and court decisions are starting to untangle the complexities around crypto.