CPMI, IOSCO issue guidance for systemically important stablecoin arrangements
The guidance is intended to provide more clarity to systemically important stablecoin arrangements, or SAs, and relevant authorities, but is ...
Tag: Cryptocurrency
Ahead of G20 meeting, FSB chair warns of economic slowdown
The Financial Stability Board today published a letter from Chairman Klaas Knot warning of global financial system vulnerabilities and providing ...
FSB Calls for Parity in Crypto Market Regulation
Crypto-assets and markets must be subject to effective regulation and oversight equal to the risks they pose domestically and internationally.
Fed’s Brainard: Time is right for crypto regulation
Recent volatility has uncovered “serious vulnerabilities” in the crypto financial system that may require new regulation, Fed vice chair says.
Yellen reiterates need for consistent regs on stablecoins
After several weeks of upheaval in the cryptocurrency market—including prominent stablecoins like TerraUSD and USDD breaking their U.S. dollar pegs—Treasury ...
Basel tweaks proposed cryptoasset treatment, adopts certain ABA recommendations
The Basel Committee on Banking Supervision today issued its second consultation on the regulatory treatment of digital assets, including cryptocurrencies.
ABA: Digital asset regulation must support, not hinder private-sector innovation
As U.S. policymakers consider how to regulate digital asset technologies, ABA called on them to “remain vigilant and deliberate” to ...
Fed closely tracks crypto, Powell tells Senate Banking Committee
Powell added that he does not foresee a recession in the near term, emphasizing the strong economy and businesses "in ...
ABA raises concerns about digital asset regulation bill
Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) today introduced the Responsible Financial Innovation Act—a bill that would create a regulatory framework for digital ...
ABA, SIFMA ask SEC to delay effective date on crypto-asset bulletin
Amid the growing ownership of digital assets like cryptocurrencies, the American Bankers Association and the Securities Industry and Financial Markets ...
