CBDC adoption could destabilize banks: U.S. Treasury study

2023-3-23 12:30

A U.S. Treasury study claims that fully integrating CBDCs into the economy would destabilize banks. A recent White House report criticized stablecoins, claiming that they are too vulnerable to The post CBDC adoption could destabilize banks: U.S. Treasury study appeared first on AMBCrypto.

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Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.

2022-7-18 16:38


Bank Of England And HM Treasury Launch CBDC Task Force to Evaluate Opportunities & Risks

The booming cryptocurrency industry is forcing national banks to look towards fiat-backed digital currencies as a way of regaining back control of the financial system. Even as the outcry for central bank digital currencies (CBDCs) is becoming more and more pronounced, many world governments are gradually launching their own independent programs to meet this growing […] The post Bank Of England And HM Treasury Launch CBDC Task Force to Evaluate Opportunities & Risks first appeared on BitcoinExchangeGuide.

2021-4-20 20:24


Fed Is Investing ‘Time and Labor’ As A Digital Dollar is ‘High Priority’ says Chairman Powell

The Federal Reserve is also “committed” to solving the tech problems. Treasury Secretary, unlike her predecessor, also says it “makes sense for central banks to be looking at.” The post Fed Is Investing ‘Time and Labor’ As A Digital Dollar is ‘High Priority’ says Chairman Powell first appeared on BitcoinExchangeGuide.

2021-2-25 20:20


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OCC allows national banks to operate nodes and stablecoin networks

The Treasury’s Office of the Comptroller of the Currency (OCC) has greenlighted federally chartered banks to run nodes and use stablecoins for payments and other acceptable functions. The agency published a letter on January 4, noting that national banks or federal savings associates may validate, store, and record payment transactions by working as a node on independent node verification networks (INVNs).

2021-1-5 14:42


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Financial Crimes Enforcement Network Proposes New Rules For Crypto Wallets

The US Treasury Department reveals that the Financial Crimes Enforcement Network (FinCEN) has proposed new rules for cryptocurrency wallets. According to the US Department of Treasury’s announcement, the proposed rules require banks and other financial firms to keep records of verified customer’s identities and submit them.

2020-12-20 17:30


gumi Cryptos, HashKey Capital invest in blockchain asset firm Tassat to drive Asia expansion

Tassat, a provider of financial infrastructure for the digital asset ecosystem, today announced investments from strategic Asian investors gumi Cryptos Capital and HashKey Capital. Their investments support Tassat’s strategy to extend its footprint to Asia and accelerate adoption by banks of its blockchain-based infrastructure solutions including rapid cross border payments and real-time treasury management using digital […] CryptoNinjas: gumi Cryptos, HashKey Capital invest in blockchain asset firm Tassat to drive Asia expansion

2019-12-17 09:25


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U.S. Treasury Sanctions Notorious North Korean Hacking Groups 

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed strict sanctions on “Lazarus,” “Bluenoroff,” and “Andariel,” three North Korean state-run hacking groups that have allegedly hacked several bitcoin trading venues, banks and other financial institutions, in an effort to fund the region’s nuclear weapons and ballistic missile programs, reportsRead MoreRead More.

2019-9-16 17:00


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Citibank ditches plans for its own cryptocurrency, bets on SWIFT instead

One of the world’s top 20 banks by asset value, is ditching plans to create its own digital asset – and abandoning all of its cryptocurrency experiments. Instead, it’s betting on a SWIFT. Citibank is not following in the footsteps of JP Morgan with the creation of its own cryptocurrency, believing there are better ways of making improvements to existing financial transaction systems, CoinDesk reports.

2019-3-18 18:15


Ôîòî:

The Daily: New Crypto Bills on Capitol Hill, Russian Banks Face Demand for Cryptocurrencies

From Washington to Moscow, cryptocurrencies have entered the agenda of those who share a vocation to rule and regulate. Following the congressional summer vacation, the House of Representatives passed a bill that will enable the Treasury to investigate crypto transactions, while a Congressman plans to introduce three drafts supporting the crypto industry.

2018-9-23 14:59


Ôîòî:

Treasury Committee Criticizes UK Regulators’ “Unsustainable” Crypto Stance

The parliamentary report published by the UK Treasury Committee has advocated for regulation of the “wild west” crypto-assets sector. The report criticizes the “ambiguity” of the current stance of UK regulators, arguing that with effective regulations, the United Kingdom could become a “global center” for the emerging cryptocurrency sector.

2018-9-21 18:55


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DeFi tokens brace for Ethereum ETF decision: What's at stake?

The DeFi sector’s price chart performance was muted ahead of the ETH ETF deadline.  Ethereum’s sentiment will affect the next price direction for most DeFi tokens.  The DeFi narrative The post DeFi tokens brace for Ethereum ETF decision: What's at stake? appeared first on AMBCrypto.

Ripple advocates for quantum-resistant cryptography following expert warning

Ripple is raising awareness about the need for quantum-resistant cryptography to secure blockchain systems against potential future threats from quantum computing. Professor Massimiliano Sala, a renowned mathematician from the University of Trento in Italy, recently discussed the future of blockchain…