Novel methods, techniques, or strategies that banks and other financial institutions can or could use to detect illicit activity involving digital assets are the focus of a comment call issued Monday by the Treasury Department. […]
Whatever may be the outcome, it’s important for the Federal Reserve to be engaged in ongoing discussions around central bank digital currencies (CBDCs), the Fed Board’s community bank representative said Tuesday in Washington. “[A]s the […]
Two have been named to positions newly created at Treasury’s financial crimes enforcement unit, one of them charged with leading the agency’s focus on digital currency. In a release Tuesday, the Financial Crimes Enforcement Network […]
The Federal Reserve’s upcoming paper on digital money will be used to solicit public comment on a range of questions related to the use of the new currency, a member of agency’s board of governors […]
The development and enablement of a central bank digital currency (CBDC) for use by the general public is among the technological advances being explored by the Federal Reserve, the agency’s board chair said in a […]
New requirements for certain transactions involving convertible virtual currency (CVD) or digital assets with legal tender (LTDA) status will be proposed by the Treasury’s financial crimes arm as early as Wednesday, which would require financial […]
Comment letters on the proposed “FedNow” digital payments system continue to be analyzed by the Federal Reserve, but the central bank governor overseeing the planned system gave no indication Wednesday when the results of that […]
Cold water was essentially thrown on the prospect of the U.S. central bank issuing a digital currency – at least for the near term – as a member of the bank’s board Wednesday cited “profound […]
“Stablecoins” and market fragmentation are two key areas being closely watched for their impact on financial stability by the global umbrella group for financial regulators, the chairman of the group (and Federal Reserve vice chairman) […]
The Senate Banking Committee will conduct a hearing entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” The witnesses will be: Jeremy Allaire, Co-Founder, Chairman and Chief Executive Officer, Circle, on behalf of The Blockchain Association; […]
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