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FDIC exploring the possibility of letting banks hold crypto
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. дальше »
2021-10-27 17:37 | |
U.S. Regulators Investigating Role That Banks Could Play in Crypto Industry
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. дальше »
2021-10-27 23:02 | |
Breaking: U.S. Regulators Exploring How To Allow Banks To Hold Bitcoin
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. дальше »
2021-10-26 20:09 | |
US Banking Regulator FDIC Is Looking into Stablecoins’ Eligibility for its Deposit Insurance
The Federal Deposit Insurance Corp. (FDIC) is studying whether certain stablecoins might be eligible for its coverage. The discussions are only in the preliminary stage yet, reported CoinDesk citing five people familiar with the knowledge. дальше »
2021-10-7 17:11 | |
BlockFi Remains “Fully Operational,” Clarifies CEO After New Jersey AG’s Cease And Desist Order
New Jersey Bureau of Securities’ claims of an alleged violation of relevant securities laws and lack of FDIC insurance is likely to only add “more regulatory uncertainty,” as per Matt Ballensweig of Genesis Lending while BlockFi engages with regulators to help them understand its products. дальше »
2021-7-20 16:46 | |
OCC Mulling Partnership with Feds and FDIC To Regulate Crypto
Joint Task Force On Crypto According to the Treasury Secretary Janet Yellen appointee, a combination of the OCC, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) may soon end cryptocurrencies' regulatory uncertainty. дальше »
2021-5-20 19:10 | |
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S. дальше »
2020-12-3 01:37 | |
FDIC’s Ridiculous Ad to Stop Bank Runs Is Sending the Opposite Signal
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 дальше »
2020-3-25 17:53 | |
FDIC Begs Savers Not to Start a Bank Run as Fed Prints Trillions
The Federal Deposit Insurance Corporation (FDIC) has just issued an appeal for US savers to leave their money in their bank accounts. The message follows hints of a bank run as coronavirus-induced panic continues to spread. дальше »
2020-3-25 08:15 | |
Jack Dorsey’s Square Gains ‘Conditional Approval’ From FDIC To Launch A Bank In 2021
Square, a financial service and merchant aggregator, received a formal conditional approval from the Financial Depository Insurance Corporation (FDIC) to launch its bank, Square Financial Service. The bank is chartered as an Industrial Loa Company (ILC) with a prospective launch date in 2021 to be announced. дальше »
2020-3-19 18:00 | |
Bitcoin-Friendly Square Obtains Conditional FDIC Merchant Lending License
The U. S. Federal Deposit Insurance Corporation (FDIC) has granted conditional approval for Square to function as an Industrial Loan Company (ILC). FDIC Grants Square’s Deposit Insurance Application According to a press release issued on Wednesday (March 18, 2020), the FDIC Board approved Square’s deposit insurance application to create a “de novo industrial bank. дальше »
2020-3-19 16:00 | |
Nervous Depositing USD To Binance US Exchange? Now They Will Have FDIC Backed Insurance
The U. S. branch of the largest crypto exchange in the world, Binance US, has recently announced that now its customers will be partially insured by the Federal Deposit Insurance Corporation (FDIC). дальше »
2019-10-19 18:25 | |
Binance.US USD deposits eligible for FDIC insurance coverage
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. дальше »
2019-10-19 12:30 | |
Dollar Deposits On Binance.US Now Have FDIC Insurance Coverage
U.S. dollar deposits on Binance.US are now eligible for FDIC insurance coverage up to $250,000 per depositor
дальше »2019-10-19 23:10 | |
Tron announces the launch of stablecoin TRXD on its blockchain
The Tron Foundation has meticulously worked on developing the Tron ecosystem, with recent updates lifting the community’s spirit. After releasing the Odyssey Update, Tron [TRX] has managed to rope in another stablecoin, TRXD, on its blockchain. дальше »
2019-6-22 14:00 | |
SFOX Partners M.Y. Safra Bank to Offer Segregated, FDIC-Insured Bank Accounts
Coinspeaker SFOX Partners M. Y. Safra Bank to Offer Segregated, FDIC-Insured Bank AccountsSan Francisco-based cryptocurrency prime brokerage, SFOX, partnered with the century-old New York-based M. дальше »
2019-5-15 12:36 | |
Game Changer? Crypto Prime Dealer Unveils FDIC-Insured Accounts
By CCN: Crypto mass adoption hopefuls rejoice. FDIC protection is here. Cryptocurrency prime dealer SFOX is partnering with M. Y. Safra Bank of New York to offer traders and investors deposit accounts backed by the Federal Deposit Insurance Corp. дальше »
2019-5-15 01:15 | |
In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future
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. дальше »
2019-5-13 16:37 | |
Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies
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. дальше »
2018-12-3 19:48 | |
OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America
Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina. дальше »
2018-11-15 17:45 | |
Bitcoin exchange Gemini secures insurance for client “hot” assets
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. дальше »
2018-10-3 18:06 | |
Omniex Crypto Trading and Investment Platform Welcomes Former SEC and FDIC Chairs to its Team
San Francisco based crypto trading and investment platform, Omniex, has bolstered its leadership advisory team with the addition of former Securities and Exchange Commission (SEC) chairman Arthur Levitt and ex-Federal Deposit Insurance Corporation (FDIC) chair Sheila Blair, according to a press release on August 7. дальше »
2018-8-9 08:00 | |
Omniex Crypto Trading Platform Adds Former SEC And FDIC Executives To Its Staff
Omniex, which is a crypto trading platform focused on institutional investors, has recently called two high profile US financial regulators for its board of advisors. They are the former US Securities and Exchange Commision (SEC) chairman, Arthur Levitt and Sheila Bair, which was the chair of the Federal Deposit Insurance Corp (FDIC). The company has […] дальше »
2018-8-8 11:38 | |
FDIC-rypto? IBM, Stronghold to Launch First Insured Stablecoin
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). дальше »
2018-7-18 15:00 | |
Stronghold and ibm plan to launch FDIC-insured stablecoin
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company — bar Coinbase and Gemini — can claim. As an exchange, Stronghold acts as a Stellar network anchor, дальше »
2018-7-18 00:41 | |
Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar
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. дальше »
2018-7-18 22:00 | |
Square Confirms Withdrawn Application to the FDIC
On July 5, it was confirmed that Square Inc. had withdrawn its application to open a new depository bank, but said it will refile later this year with the Federal Deposit Insurance Corp. However, its application with the Utah Department of Financial Institutions remains active. дальше »
2018-7-6 13:00 | |
Sheila Bair, former chairperson of the Federal Deposit Insurance Corporation, is open to new rules for digital currency
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 дальше »
2018-6-22 02:29 | |
CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair
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). дальше »
2018-6-13 05:40 | |
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