There is no federal savings insurance coverage for cryptocurrencies and digital assets at most credit unions according to a new section of frequently asked questions (FAQs) on financial technology in the regulator’s website, the agency […]
A non-bank company that reportedly claims relationships with two insured depository institutions (IDIs) and asserts the availability of “FDIC-insured” crypto accounts was told Friday that it and certain of its officers must “cease and desist […]
There is need for more effective oversight of cryptocurrency markets to promote financial stability, according to the U.S. Treasury secretary, who issued a statement Wednesday in the wake of the recent failure of a major […]
The foundations for sound regulation of the crypto financial system must be established now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial […]
Ensuring that stablecoin arrangements are subject to a federal framework on a “consistent and comprehensive basis” is an “urgent need,” Secretary of the Treasury Janet Yellen told a group of regulators Thursday. During a meeting […]
The hype and the risk consumers face with cryptocurrency investments and other digital assets is of concern to the national banking regulator, he told a group Thursday, describing the ventures as a “get rich quick” […]
The lack of standards and controls in the cryptocurrency space suggest that a cautious and careful approach is warranted to cryptocurrencies, the top regulator of national banks said Thursday. In a speech to the BritishAmerican […]
“Reputable members” of the U.S. blockchain and cryptocurrency industry have the opportunity to avoid the troubles that beset past financial innovations – such as the derivative industry – by looking to the past, particularly the […]
Strengthening, not just modernizing, anti-redlining rules will be necessary to reduce economic inequality and foster trust, the nation’s national bank regulator said Wednesday. In remarks to a Washington group that includes as members bankers, regulators, […]
Preliminary conditional approval for an application to charter Paxos National Trust, New York, which will be uninsured and focus on cryptocurrency services, was announced Friday by the Office of the Comptroller of the Currency (OCC). […]
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