Waller urges caution if banks engage with cryptocurrency
Banks and other financial institutions must engage in a safe and sound manner in any activity they do, and that ...
Tag: Cryptocurrency
Fed issues guidelines for weighing crypto requests from non-FDIC insured banks
The Federal Reserve this week released guidelines for how it would evaluate requests from state-charted but non-FDIC-insured financial institutions seeking ...
Podcast: Top bank tech and innovation trends for 2023
What's on the horizon for bank innovation and fintech in 2023? ABA's Office of Innovation team explores top tech trends for ...
BIS bulletin explores government approaches to reducing crypto risks
Central banks seeking to rein in crypto risks could pursue strategies ranging from regulation to outright bans of the technology, ...
Compliance for 2023: What does the future hold?
With uncertainty the rule, the best advice is to have banks’ change-management processes ready for whatever comes.
Banking regulators issue warning on cryptocurrency risks
Events of the past year have highlighted several key risks posed by cryptoassets that banks should consider if they wish ...
Basel Committee issues standard for banks’ cryptoasset exposure
BCBS says the standard provides a “robust and prudent global regulatory framework" for internationally active banks' cryptoasset exposures.
ABA submits suggestions for international crypto regulation framework
Thee American Bankers Association said it supported the recommendations in two recent reports on establishing a proposed framework for the ...
NYDFS to require prior notification for banks engaging in crypto activities
The New York Department of Financial Services today issued guidance—effective today—for New York-regulated banks reminding them of their obligations to ...
Warren, Marshall introduce cryptocurrency AML bill
Sens. Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) today introduced legislation to extend anti-money laundering and countering of the financing ...
