FSB to more closely scrutinize decentralized finance
The Financial Stability Board this week laid out several steps it will take in the future to evaluate and possibly reduce the financial stability risks posed by decentralized finance, or defi.
Browsing: Cryptocurrency
What bank marketers need to know about cryptocurrency
Crypto is still an outlier in the product line for many banks. But a few have made big commitments.
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 includes dealing in cryptocurrency, Federal Reserve Governor Christopher Waller said this week.
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 to engage in novel activities, such as those involving cryptoassets.
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 the year ahead.
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, all of which have pros and cons, according to a new bulletin by the Bank for International Settlements.
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 to offer crypto-related services, the Federal Reserve, FDIC and the Office of the Comptroller of the Currency said today in a joint statement.
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 international regulation of cryptoasset activities, but the association also had some recommendations for what should be included in the final framework.