Nichols Calls for Scrutiny of Chartering ‘Loopholes’ for Nontraditional Financial Firms
In an American Banker op-ed today, ABA President and CEO Rob Nichols urged the Federal Reserve to “take a very ...
Tag: Cryptocurrency
Powell: Fed Weighing Pros and Cons of Digital Dollar
The Federal Reserve is “looking very carefully” at whether and how it might issue a digital dollar, Fed Chairman Jerome ...
Podcast: Empowering Bank Employees to Drive Innovation
From offering bitcoin rewards checking to meeting the unique credit needs of gig workers and sole practitioners, Quontic Bank depends ...
OCC Approves Conversion of Anchorage Digital Bank
The OCC today granted conditional approval for the conversion of the South Dakota-chartered Anchorage Trust Company to become Anchorage Digital ...
OCC Greenlights Use of Stablecoins for Payments Activities
In an interpretive letter yesterday, the OCC verified that national banks and federal savings associations may use independent node verification ...
FinCEN Proposes New Reporting, Recordkeeping Requirements for Crypto Transactions
With criminals increasingly turning to virtual currencies to move illicit funds, the Financial Crimes Enforcement Network last week proposed new ...
FBI Director: Cyber Criminals Targeting Banks’ Third Parties
When asked about threats specifically targeting banks, Federal Bureau of Investigation Director Christopher Wray urged banks to be wary of ...
Brooks: OCC Continuing Effort to Clarify Regulatory Treatment of Stablecoins
The OCC is continuing its efforts, working with other agencies, to facilitate banks’ ability to engage with digital currencies, Acting ...
OCC Gives Banks Green Light to Hold Deposits Backing Stablecoins
In an interpretive letter, the OCC gave institutions under its supervision the greenlight to hold deposits that serve as reserves ...
How U.S. Banks Can Start Planning to Deliver Crypto Custody Services
Will the OCC’s clarification that U.S. banks can hold a cryptocurrency’s unique cryptographic keys turn out to be the onramp ...
