FDIC
OCC, Fed, FDIC Mulling Forming an Interagency Policy Team on Crypto
"Prior to this meeting, Vice Chair Quarles, Chair McWilliams and I had talked about potentially putting together an interagency policy sprint team just on crypto because of exactly the concerns you've described," Hsu said.
State of Crypto: Meet Lael Brainard, the Fed's CBDC Champion
Last year, Federal Reserve Governor Lael Brainard announced the Boston branch of the U.S. central bank was exploring a digital dollar. She’ll be speaking next week at Consensus.
FDIC Chief Says Agency Wants to Know More About Digital Assets
The Federal Deposit Insurance Corporation (FDIC), one of the federal banking regulators in the U.S., is looking into how banks are exploring digital currencies. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De on the main takeaways. Plus, reactions to Senator Cynthia Lummis proposing making distributed ledgers a "key focus."
FDIC Chief Says Agency Wants to Know More About Digital Assets
"At the FDIC we have been watching [digital asset] developments closely, and plan to issue a request for information to learn more," Jelena McWilliams said.
The Stablecoin Surge Is Built on Smoke and Mirrors
Are stablecoins fully backed by reserves? Are they FDIC-insured? Stablecoins may be too good to be true, says our columnist.
Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending
Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday.
US Financial Regulators Join UK FCA's 'Global Sandbox'
Four U.S. regulators joined an international alliance of government regulators seeking to bolster the future of fintech.
The Fed Should 'Get Serious' About Crypto, Says Former FDIC Chair
Former chair of the FDIC, Sheila Bair, writes on the viability of CBDCs and their need for further investigation.
Former FDIC Chair: Bitcoin Policies Shouldn't 'Feed the Frenzy'
Sheila Bair, ex-chair of FDIC, argued that bitcoin shouldn't be banned. Instead, policies should be in place to protect investors.
Coinbase Targets Institutional Traders With Margin Feature Launch
Coinbase's GDAX digital asset exchange has added a new margin trading feature.
