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The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit Insurance Corporation (FDIC), an agency created by Congress to […]Powered by WPeMatico
A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going to develop outside of the banks … The […]Powered by WPeMatico
“Establishing clear regulatory expectations will be paramount to give this market an opportunity to grow and mature in a responsible manner,” said Jelena McWilliams.
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U.S. government agencies are urgently working together on a joint regulatory framework for cryptocurrencies, Federal Reserve Vice Chair of Supervision Randal Quarles has confirmed. “We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull together views on” crypto regulation. US Agencies Collaborating […]Powered by WPeMatico
ATLANTA, GA – August 10, 2020 – Ternio’s ERC-20 payment token TERN, has been listed by global cryptocurrency exchange, Bibox. This news comes two months after Ternio’s announcement that they would be burning ten percent of the TERN supply, previously hosted on the Stellar Network, and making it available as an ERC-20 asset. Since the […]
The post Ternio’s ERC-20 TERN Token Listed On Global Crypto Exchange Bibox appeared first on Bitcoin News.
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Since the coronavirus started spreading in the U.S., two banks have failed and were shut down by state banking authorities. One was a bank in West Virginia and the other was in the state of Nebraska. The governor of West Virginia has already issued a stay-at-home order due to rising covid-19 cases. Also read: IMF […]
The post 2 American Banks Have Failed Since Coronavirus Started Spreading in the US appeared first on Bitcoin News.
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On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope […]
The post Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto appeared first on Bitcoin News.
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The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be […]
The post Three Bank Failures Open New Chapter in Never-Ending Financial Crisis appeared first on Bitcoin News.
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Last year the U.S. Securities Exchange Commission took enforcement action against initial coin offerings and other crypto companies perpetrating fraud. Many believe 2019 will be the year when regulators clamp down on rogue cryptocurrency operators. Here we decode the overlapping and occasionally contradictory stance taken by U.S. regulators, and consider what the market can expect. […]
The post Analysis: Understanding the SEC’s Stance on Crypto appeared first on Bitcoin News.
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Ever since fears arose around Tether (USDT), it seems like a new stablecoin is released every week to try and take its place. Today two new stablecoins have been revealed, with the distinction of being approved by the financial regulator known for the New York Bitlicense. Also Read: Denmark’s Largest Bank May Have Facilitated up […]
The post New York Regulator Approves Two New Stablecoins, Gemini Dollar and Paxos Standard appeared first on Bitcoin News.
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