Fed’s Quarles Skeptical on Benefits of U.S. CBDC
Cautioning against “American susceptibility to boosterism and fear of missing out” leading to “occasionally impetuous, deluded crazes or fads,” Federal ...
Tag: Cryptocurrency
Agencies Update Regulatory Agendas
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and their associated timelines were submitted ...
BIS Working Paper Examines Architecture and Rationale of CBDC Technology
The Bank for International Settlements released a working paper to discuss the range of central bank digital currencies, including addressing ...
Basel Committee Issues Consultation Document on Cryptocurrency
As banks increasingly explore or embark on activities related to cryptocurrencies, the Basel Committee on Banking Supervision today released a ...
Podcast: The Fintech Policy Lightning Round
On the latest episode of the ABA Banking Journal Podcast, Rob Morgan and Matthew Daigler join to provide quick-fire updates ...
OCC’s Hsu: Recent Approvals of Crypto Charters ‘On the Table’ for Review
As the OCC reviews recent interpretive letters on digital assets and trust charters, “everything’s on the table,” current Acting Comptroller ...
FDIC Solicits Feedback on Banks’ Digital Asset Activities
The FDIC is looking for feedback on insured depository institutions’ current and potential digital asset activities. According to the agency, ...
FTC: Cryptocurrency Investment Scams 12x Over Previous Year
Since October 2020, almost 7,000 people have reported losing money from cryptocurrency investment scams, the Federal Trade Commission said today—12 ...
Nichols Calls for Scrutiny of Chartering ‘Loopholes’ for Nontraditional Financial Firms
In an American Banker op-ed today, ABA President and CEO Rob Nichols urged the Federal Reserve to “take a very ...
Powell: Fed Weighing Pros and Cons of Digital Dollar
The Federal Reserve is “looking very carefully” at whether and how it might issue a digital dollar, Fed Chairman Jerome ...
