Yellen calls for ‘appropriate oversight’ for digital asset, crypto firms
In a letter to FDIC-insured banks, the agency requested that any institution considering engaging in crypto-related activities provide notification to ...
Tag: Digital assets
OCC’s Hsu Warns of Increased Recession Risk
Acting Comptroller of the Currency Michael Hsu today told attendees at ABA Risk 2022 that Russia’s invasion of Ukraine could ...
OCC’s Hsu Says Crypto Education Urgently Needed
Acting Comptroller of the Currency Michael Hsu told the Financial Literacy and Education Commission that there is “an urgent need ...
Researchers Release Initial Findings from Boston Fed, MIT CBDC Research Project
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative yesterday published a white paper ...
Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency
As more customers engage with cryptocurrency, they are increasingly looking to banks to help them safely hold these assets. Banks ...
U.S. Banks Form Consortium to Support Bank-Minted Stablecoin
Five FDIC-insured banks today announced the launch of the USDF Consortium, a group that was formed with the goal of ...
ABA Comments on FASB’s Technical Agenda
ABA submitted a comment letter in which it called on FASB to both prioritize their projects on troubled debt restructurings ...
Cryptocurrencies and Exchanges Will Face Increased Regulatory Focus
Whatever the specifics, we can be certain that every business that deals with virtual currencies will be affected as well.
