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 ...
Tag: Cryptocurrency
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 ...
Nichols: FTX crash shows need for consistent regulatory treatment across finance
The collapse of cryptocurrency exchange FTX and other recent turmoil in crypto markets demonstrate the need for players in the ...
Hsu praises ‘quiet trustworthiness’ of banks amid crypto chaos
Amid significant volatility in the cryptocurrency markets, as well as an uptick in crypto-related frauds and scams, Acting Comptroller of ...
Cryptocurrency concerns dominate financial regulator hearing
The collapse of cryptocurrency exchange FTX and the concerns about the unregulated nature of crypto markets dominated a Senate Banking ...
CFPB issues bulletin charting consumer cryptoasset complaints
Consumers most commonly reported being victimized by fraud, theft, account hacks and scams.
White paper: Banks have clear legal authority to issue stablecoins
Issuing digitized deposits and engaging in stablecoin-related activities fall within the existing legal authority of banks, according to a white ...
ABA: Regulatory clarity can reduce illicit finance risks in digital assets
The illicit finance risks posed by digital assets can be most effectively managed by regulating nonbank cryptocurrency companies while allowing ...
Survey finds mixed public attitudes on cryptocurrency regulation
Only two in five people see the U.S. lagging behind other countries in creating a regulatory environment that makes it ...
FDIC’s Gruenberg: Payment stablecoin could offer cost-effective, real-time benefits
Any such payment system should be designed to “complement” the Federal Reserve’s soon-to-be-released FedNow system, Gruenberg said.
