CSBS head: Stablecoin implementation shouldn’t come at expense of bank deposits
State bank supervisors want to ensure that Congress “has its eyes wide open” on the possible impact on bank deposits ...
Tag: Cryptocurrency
Sen. Alsobrooks floats possible compromise on closing stablecoin loophole
Stressing that protecting community banks is a bipartisan issue, Sen. Angela Alsobrooks (D-Md.) said she is working on a compromise ...
Tokenized deposits: the future of tokenized money for financial market settlement
For settlement activities, tokenized deposits offer banks the benefits of programmability without the limitations of payment stablecoins.
Treasury Department publishes reports on money laundering, digital assets
The Treasury Department recently announced the publication of three reports on efforts to combat financial crimes. It also released a ...
Banking agencies release FAQ on capital treatment of tokenized securities
Financial institutions should treat an eligible tokenized security in the same manner as the non-tokenized form of the security under ...
ABA: Fed decision grants crypto firm payment account creates risks for consumers
Kraken Financial has been granted a one-year, limited-purpose master account by the Kansas City Fed, the first crypto firm to ...
OCC finalizes revised chartering rules for national trust institutions
The OCC has finalized a rule that amends its chartering regulations to clarify that national banks with trust powers are ...
OCC releases proposed rule to implement payment stablecoin legislation
The OCC released a proposed rule to implement the Genius Act, including how it would handle the law’s prohibition on ...
Bankers share stablecoins’ opportunities, risks for community banks
Congress last year passed the Genius Act, creating a regulatory framework for stablecoins.
Nichols highlights community banking wins, challenges at CCB
Kicking off the ABA Conference for Community Bankers in Orlando, ABA President and CEO Rob Nichols highlighted the progress made ...
