Regulatory clarity key for banks entering crypto, industry exec says
Lead Bank executive Erica Khalili talks about why now’s not an easy time in the digital banking sector. Go to Source
banking regulation
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Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown
Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector. Go to Source
Harris campaign’s alleged crypto reset questioned amid Fed’s bank action
Critics argue that the Fed’s actions represent a significant overreach and could stifle innovation in the rapidly growing cryptocurrency sector. Go to Source
Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In a recent examination, the … Read more
Federal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation
Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on stablecoin regulation by the President’s Working Group on Financial Markets. He explained that while banks should be able to issue stablecoins, not all stablecoin issuers … Read more
