2024-3-12 23:10 |
Travis Hill, vice chairman of the FDIC, criticized the U.S. banking restrictions on handling digital assets for clients.
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In an Oct. 16 update to Binance.US’s terms of service for the exchange, a clarification was made that digital assets do not qualify for FDIC insurance coverage.
2023-10-17 19:15 | |
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Flagstar is taking over Signature Banks operations, but crypto companies may no longer be able to use the institution, the FDIC implied in its press release yesterday. Digital Banking Business...
2023-3-20 19:36 | |
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Flagstar Bank — a subsidiary of New York Community Bancorp, Inc — will acquire Signature Bank, as per a press release sent out by the Federal Deposit Insurance Corporation (FDIC) on March 19. The post Flagstar Bank acquires Signature Bank – without $4B of ‘digital banking’ deposits appeared first on CryptoSlate.
2023-3-20 12:20 | |
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Tom Emmer, Republican Congressman for Minnesota, wrote a letter to the Chairman of the Federal Deposit Insurance Corporation (FDIC), Mark Gruenberg, on March 15 expressing his concerns about the recent closures of digital asset and tech-centered banks like Silvergate, Signature Bank, and Silicon Valley Bank.
2023-3-16 02:04 | |
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The collapse of Signature Bank, Silicon Valley Bank and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to “choke off digital assets”?
2023-3-16 20:14 | |
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Stablecoins could have such a profound effect on the established banking system that U.S. regulators need to require that the digital tokens fit in without disrupting it, said Martin Gruenberg, the acting chairman of the Federal Deposit Insurance Corp.
2022-10-21 17:00 | |
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Liquidity troubles at the US-based cryptocurrency brokerage firm Digital Voyager led to the suspension of trading activities on its platforms in July 2022. The liquidity crisis arose from the Singapore-based crypto hedge fund, Three Arrows Capital (3AC), which failed to repay a loan of about US$650 million to Voyager Digital. Voyager Digital later made various […]
2022-8-6 21:07 | |
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The Federal Deposit Insurance Corporation (FDIC) issued a new advisory note on July 29 to restate that it does not insure digital assets. The post FDIC Reiterates That It Does Not Insure Crypto appeared first on BeInCrypto.
2022-7-31 16:45 | |
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The day after demanding Voyager Digital erase its claims that customers’ funds would get government protections, the U.S. Federal Deposit Insurance Corp. issued a broader warning to bankers that they need to keep their crypto partners in line.
2022-7-30 19:04 | |
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The United States Federal Reserve (FED) and Federal Deposit Insurance Corp (FDIC) have ordered Voyager Digital to desist from making false and misleading claims about its insurance status to customers.
2022-7-29 17:00 | |
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The two institutions called Voyagers deposit insurance claims false and misleading. Voyager Ordered to Stop Misleading Customers Voyager Digital allegedly lied to its customers that the government was insuring its...
2022-7-29 14:28 | |
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ФРС и FDIC направили письмо Voyager Digital, в котором потребовали в течение 10 дней предоставить полный список всех заявлений касательно страхования государством депозитов криптоброкера. Помощники юрисконсультов двух ведомств Сет Розброкфром и Джейсон Гонсалес также призвали руководство в течение двух рабочих дней направить письменное подтверждение соответствия требованиям регулятора.
2022-7-29 12:21 | |
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The Federal Reserve and the FDIC have sent a letter to crypto-broker Voyager Digital, asking it to remove false and misleading statements. The post US Regulators Order Voyager to Remove Misleading Statements appeared first on BeInCrypto.
2022-7-29 09:30 | |
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Федеральная резервная система и Федеральная корпорация по страхованию вкладов США (FDIC) опубликовали совместное заявление, касающееся деятельности обанкротившегося криптоброкера Voyager Digital. В документе говорится, что компания попыталась ввести клиентов в заблуждение, обещая их средствам государственную защиту.
2022-7-29 08:33 | |
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Федеральная корпорация по страхованию вкладов США (FDIC) изучает деятельность Voyager Digital. По мнению агентства, криптовалютный брокер обманывал пользователей, заявляя, что их активы защищены программой ведомства, передает Bloomberg.
2022-7-8 15:15 | |
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Some Voyager Digital customers did not understand the scope of FDIC protection for their deposits, leading to questions about the firm’s marketing.
2022-7-8 00:55 | |
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Some Voyager Digital customers did not understand the scope of FDIC protection for their deposits, leading to questions about the firm’s marketing.
2022-7-8 00:55 | |
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As Bitcoin moves close to $50,000, hitting a new ATH at $49,000 on Thursday, new detractors keep rearing their skeptic heads, advising people to not invest in the digital currency, which has surged nearly 12x from its March low.
2021-2-12 19:50 | |
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Members of the US Congress the French Hill (R-Arkansas) and Bill Foster (D-Illinois) have recommended the Federal Reserve regarding issuing a digital version of the US dollar. In a letter addressed to the Fed, they highlighted that the country’s currency is in long term danger due to the acceptance of digital fiat currency. Sheila Bair, […]
2019-10-7 21:59 | |
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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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Cryptocurrency exchanges are still unregulated, though many go to great lengths to operate ethically. Digital assets as of now are not yet insured by organizations such as the FDIC, meaning if you lose your crypto, it could be gone for good.
2018-10-10 07:00 | |
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CryptoNinjas Bitcoin and digital asset exchange Gemini today announced that the company has secured insurance coverage for the digital assets that it holds on behalf of clients that are stored in hot wallets (i.
2018-10-3 18:06 | |
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BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.
2018-9-14 20:01 | |
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Former FDIC Chairman Sheila Bair on bank stress tests, the U.S. economic outlook and the future of cryptocurrency. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid? Image source: YouTube Video Screenshot Sheila Bair: Fed Needs To Consider A Digital Currency Transcript Well it’s certainly a lot […]
2018-6-22 15:27 | |
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Sheila Bair, a former chairperson of the Federal Deposit Insurance Corporation (FDIC), believes the U.S. should create a wholly new regulatory framework for cryptocurrencies. She went on to explain: “We are trying to jam crypto trading into state money transmission laws, it just doesn’t work. I think at some point, we will need a federal
2018-6-22 02:29 | |
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So they pull their uninsured money out of the banking system, disrupting the free flow of payments. […] However, suppose consumers could convert their bank deposits into a digital currency that would be issued and backed by the Fed? When it wants to raise rates — as it is doing now — it reduces its
2018-6-13 07:25 | |
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The former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U. S. Federal Reserve to explore central bank-issued digital currencies (CBDCs).
2018-6-13 05:40 | |
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US senators Ron Wyden and Cynthia Lummis sent a letter to the DOJ questioning if services like Samourai Wallet meet the definition of money transmitters under current laws and guidance. The post Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash appeared first on Crypto Briefing.
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May.
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria.
Cryptocurrency exchange Kraken refuted the SEC's claims it listed securities, arguing the regulator lacks evidence and is misusing terms to expand authority. The post Kraken refutes SEC’s claim that it offered ‘investment concepts’ appeared first on Crypto Briefing.
Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG).
Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times.
The US House passes bipartisan resolution H.J.Res.
The post House passes resolution overturning SEC rule on crypto and digital asset custody appeared first on Crypto Briefing.