FDIC’s McWilliams: Clear Rules Needed on Crypto Assets, Stablecoins
The federal banking agencies “plan to issue a series of policy statements in the coming months” addressing “how existing rules ...
Tag: Cryptocurrency
Quarles: Crypto Assets, Climate-Related Financial Risk on FSB’s Radar
As the Financial Stability Board looks to refresh its work plan after COVID-19, FSB Chairman Randal Quarles today said it ...
Cryptocurrencies and Exchanges Will Face Increased Regulatory Focus
Whatever the specifics, we can be certain that every business that deals with virtual currencies will be affected as well.
OCC’s Hsu: Regulatory Coordination Needed to Ensure Level Playing Field
In remarks at an industry event today, Acting Comptroller of the Currency Michael Hsu called for coordination between regulatory agencies ...
ABA to Basel Committee: Limit Undue Barriers for Banks Entering Crypto Market
In a letter to the Basel Committee on Banking Supervision today, the American Bankers Association said that the global financial ...
Fed Issues Paper on Bank/Fintech Partnerships; Bowman Discusses Innovation
The Federal Reserve today published a paper highlighting how community banks can partner effectively with fintech companies.
How a Community Bank Launched a Retail Crypto Platform
Banks of all sizes are hearing from many customers that they want exposure to the fast-growing but volatile cryptocurrency market. ...
TCH Paper Outlines Principles, Concerns for Use of CBDCs
A U.S. central bank digital currency “is unlikely to be an equally effective tool for all of the purposes for ...
ABA Highlights Need for Clarity, Consistency Regarding Digital Assets
As consumers increasingly buy, hold and sell digital assets, the American Bankers Association told the FDIC today that these individuals ...
Fed Chairman ‘Undecided’ about Merits of Central Bank Digital Currency
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell said that he is “legitimately undecided about whether ...
