Browsing: Tokenization

Newsbytes FDIC’s Hill criticizes policy approach to digital assets, FHLB lending

There are significant downsides to the FDIC’s current regulatory approach to digital assets, which has contributed to the public perception that the agency is “closed for business” if banks are interested in anything related to blockchain or distributed ledger technology, FDIC Vice Chairman Travis Hill said.

Newsbytes

ABA banker Jim Reuter, EVP and COO of FirstBank in Lakewood, Colo., today briefed the Congressional Payments Technology Caucus on the rollout of EMV chip card technology. Reuter, whose bank is both a card issuer and an acquiring bank, explained that because fraud is ever-changing, EMV is just one of many technologies banks and retailers