2022-11-17 12:11 |
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities. origin »
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The Federal Deposit Insurance Corporation (FDIC) is formalizing a more permissive and transparent framework for US banks engaging with crypto, including the use of public, permissionless blockchains.
2025-4-9 21:48 | |
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The Federal Deposit Insurance Corporation (FDIC) said in a March 28 letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval.
2025-3-29 23:08 | |
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Sen. Pat Toomey says he has information from whistleblowers that the FDIC, without a legal basis, is discouraging banks from dealing with companies that have crypto links.
2022-8-18 00:56 | |
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U.S. Sen. Pat Toomey said whistleblowers had informed him that the FDIC was pressuring banks to stop providing services to crypto companies.
2022-8-17 09:42 | |
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The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.
2022-7-30 00:00 | |
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The Federal Deposit Insurance Corp. is advising banks to contact it if they are currently engaged in or intend to engage in cryptocurrency-related activities. The FDIC notes that exposure to crypto assets may pose “safety and soundness hazards, as well as financial stability problems.
2022-4-8 11:10 | |
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A top U.S. banking regulator has asked banks to report on their “crypto-related activities,” citing potential “safety and soundness risks as well as financial stability concerns” resulting from exposure to crypto assets.
2022-4-8 01:10 | |
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The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities.
2022-4-8 00:25 | |
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FDIC's acting chairman stated that the work on crypto-related guidance for U.S. banks is underway.
2022-2-8 19:15 | |
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Группа застрахованных FDIC финансовых учреждений USDF Consortium анонсировала планы по созданию сети банков для продвижения эмитируемого ее участниками стейблкоина USDF. We launched the bank-led @USDFConsortium today that is establishing a network of banks to further the adoption and interoperability of the bank-minted USDF™ stablecoin on @provenancefdn.
2022-1-14 14:10 | |
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The Fed, FDIC, and OCC plan to share detailed guidelines for US banks interested in engaging with Bitcoin in the coming year.
2021-11-24 22:04 | |
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FDIC Chairman says regulators are trying to chart a course for banks and financial institutions to hold cryptocurrencies. The statement is hinged on a collaboration between three top US financial regulators.
2021-10-29 12:19 | |
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On Tuesday, the Chairperson of the US Federal Deposit Insurance Corporation, Jelena McWilliams, said that… The post FDIC exploring the possibility of letting banks hold crypto appeared first on Coin Journal.
2021-10-27 17:37 | |
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An interagency team of U. S. banks regulators, namely the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency, are putting their heads together to come up with a regulatory roadmap for banks to incorporate cryptocurrencies into their service offerings.
2021-10-27 23:02 | |
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Per a Reuters report, the Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams claims regulators in that country are exploring a “clear path” to allow banks and clients to hold Bitcoin and other cryptocurrencies.
2021-10-26 20:09 | |
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Banks' BTC holdings could be used for client trading, as collateral for loans, or held as assets in their balance sheets.
2021-10-26 20:06 | |
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The FDIC issued a request for public input to get more information on the industry and consumers’ interests in the market.
2021-5-19 12:25 | |
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Cash remains the king! According to FDIC data, a record $2 trillion in cash was added in the deposit accounts of US banks since the coronavirus first struck in the country in January. In April alone, the money flowing into banks grew by $865 billion, more than the record for an entire year. “Any way […]
2020-6-22 16:47 | |
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The Federal Deposit Insurance Corporation (FDIC) is ciscouraging people from withdrawing money from their banks. What are they trying to hide? The post FDIC’s Ridiculous Ad to Stop Bank Runs Is Sending the Opposite Signal appeared first on CCN.com
2020-3-25 17:53 | |
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The financial authorities are keen to tell us that our cash is safe in banks during the coronavirus pandemic. But is it really? As the coronavirus pandemic spreads, various factors could lead to complications with our money.
2020-3-23 19:00 | |
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All US Dollar deposits on Binance. US’s platform are now eligible for Federal Deposit Insurance Corporation [FDIC] insurance coverage. According to a blog post published on its official website, the United States-dedicated wing of Binance stated that all the US Dollar deposits are held in “pooled custodial accounts” at numerous banks that are FDIC insured.
2019-10-19 12:30 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.
2018-12-3 19:48 | |
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IBM has partnered with fintech startup Stronghold to launch a stablecoin pegged to the US Dollar. The cryptocurrency will be tied to government-backed fiat deposited at banks covered by the Federal Deposit Insurance Corp (FDIC).
2018-7-18 15:00 | |
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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
2018-7-18 22:00 | |
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The first banks will be connected this year, with a phased roll out for selected retail customers.
The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
Recent 13F filings show Europe's second largest bank, BNP Paribas, has purchased Bitcoin exposure via a US spot Bitcoin ETF.
The proposed new industry guidelines are intended to address issues around AML and CFT rules.
Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm.
With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England.
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January.