Fed’s Barr: Regulators look to balance fintech’s potential, innovation with appropriate regulation
Banks must understand the heightened liquidity risks they face from certain types of deposits from cryptoasset companies.
Tag: Cryptocurrency
OCC’s Hsu: Crypto regs need ‘strong guardrails and gates’
Regulatory bodies should resist lowering standards for crypto, Hsu said, adding that regulators have to “learn and smartly adapt.”
FSOC urges lawmakers to develop ‘comprehensive’ stablecoin regulatory regime
A new report from the Financial Stability Oversight Council today warned of the dangers that cryptocurrencies and other digital assets ...
ABA comments on regulatory approach to cryptoasset exposure
The American Bankers Association on Friday submitted comments to the Basel Committee on Banking Supervision concerning prudential treatment of banks' ...
One in 10 community banks planning to launch crypto services
Insights from the 2022 Federal Reserve/CSBS survey of community banks.
Treasury seeking feedback on AML/CFT implications of digital assets
The Treasury Department is seeking public input regarding illicit finance and national security risks posed by digital assets.
Biden administration calls for more digital asset regulation
Federal regulators should “aggressively” pursue enforcement against illegal practices in digital asset markets and redouble efforts to monitor consumer complaints ...
Trade groups back OCC: Some crypto actions within scope of traditional banking
Withdrawing OCC cryptocurrency interpretive letters won't benefit consumers and investors or promote a safe and secure marketplace, ABA says.
ABA Data Bank: Crypto ad spending craters in summer
Spending on TV ads by cryptocurrency firms fell this summer amid a decline in bitcoin and other crypto prices.
FDIC alleges five crypto companies misled on deposit insurance
The FDIC today sent cease-and-desist letters to five companies that the agency alleges misled consumers into believing that cryptocurrency assets ...
