US Fed issues new crypto program for local banks

2023-8-9 13:47

US Federal Reserve unveils Novel Activities Supervision program to oversee banks’ crypto-related activities, emphasizing stablecoin safeguards. The initiative‘s main goal will be to supervise the banks’ activities related to cryptocurrencies, such as custody, lending, trading, and the issuance or distribution…

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Источник: btcmanager.com

activities banks → Результатов: 77

Hong Kong regulator urges banks to accept crypto clients

The Hong Kong Monetary Authority (HKMA) is encouraging banking giants to accept crypto exchanges as clients, the Financial Times reported on June 15. While no restrictions hold Hong Kong banks back from accepting crypto clients, banks are wary of drawing regulatory scrutiny in case their clients are found ed in any criminal activities, the report […] The post Hong Kong regulator urges banks to accept crypto clients appeared first on CryptoSlate.

2023-6-15 14:15	Regulation
clients crypto hong banks kong accept urges

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Banks To Innovate With Caution On Crypto-Asset-Related Activities – Fed Official

There is a need to balance crypto innovation with safeguards, and banks engaging in or planning to engage in crypto-asset-related activities should take a careful approach. This is according to Michael S.

2023-3-13 22:28	Ethereum News
crypto-asset-related banks activities should engage planning approach

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Over 130 US Banks Have Ongoing or Planned Crypto Assets Activities

The number of banks in the U. S. under the Federal Deposit Insurance Corporation (FDIC) dabbling with crypto assets has continued to surge, indicating a strong demand for assets such as Bitcoin and Ether as well as crypto-related services.

2023-3-9 22:32	Ethereum News
assets crypto banks indicating demand surge continued

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Fed policy to align bank oversight could limit crypto activities by state banks

The new policy would align the allowable activities for insured and uninsured state banks and OCC-supervised national banks by making rules for state banks more restrictive.

2023-1-28 00:40	Cryptocurrencies
banks state activities align policy national uninsured

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New York Financial Regulators Issue Crypto Guidance For Banks

The New York State Department of Financial Services (DFS) has handed out guidance to regulated banks that wish to engage in activities related to cryptocurrencies. DFS has provided these banks with a checklist of submission requirements for the state regulator seeking to conduct businesses in crypto.

2022-12-18 21:00	New York
banks state dfs york new crypto financial

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NYDFS: Banks must seek approval before engaging with crypto

New York Department of Financial Services published the new guidelines on 15 December 2022. All banking organisations must apply for permission to undertake any crypto activities. The regulatory guidelines are effective immediately and come as the spotlight is firmly on crypto following FTX’s implosion.

2022-12-17 20:30	New York
crypto new guidelines must activities permission undertake

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FDIC to prioritize crypto risk assessment amid rising interest among banks

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.

2022-11-17 12:11	Banks
banks fdic trend continuation acting chairman engage

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Many crypto asset activities pose ‘novel risks‘ to banks, says Fed vice chair for supervision

Michael Barr suggested that financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities regarding the use cases of innovative technologies.

2022-10-13 00:09	Cryptocurrencies
activities sound safe regulators engage legally ensure

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Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities

The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor.

2022-8-18 23:45	Banks
engaging crypto asset fed banks activities new

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US Fed Reminds Banks to Check for Legal Permissibility Before Offering Crypto-Related Services

The Federal Reserve published an open letter Tuesday, signed by Director of Supervision and Regulation Michael Gibson and Director of Consumer and Community Affairs Eric Belsky, directing Fed-supervised banks to make sure they check that any crypto-related activities they want to undertake are legally allowed first.

2022-8-17 21:54	policy
director crypto-related banks check directing fed-supervised make

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Banks To Use Their Risk Management and Compliance Expertise To Compete In The Crypto Space

The Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of the Treasury, issued interpretive letters in 2020 and 2021 on banks’ activities in the crypto industry.

2022-8-15 22:49	Cryptocurrency News
crypto banks interpretive issued department treasury letters

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US Democratic Senators Want Crypto Guidance Revoked

In an open letter dated August 10, three Democratic Senators led by Sen. Elizabeth Warren from Massachusetts asked the acting Comptroller, Michael Hsu of the Currency, to revoke guidance allowing National banks to engage in cryptocurrency activities.

2022-8-12 23:30
guidance democratic senators hsu michael acting asked

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US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance

U.S Senators Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Richard Durbin (D-Ill.) and Sheldon Whitehouse (D-R.I.) asked the Office of the Comptroller of the Currency to rescind interpretative letters allowing banks to engage in crypto activities, and explain how involved banks are becoming in crypto.

2022-8-11 20:19	policy
crypto rescind warren senators sanders banks interpretative

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Banks Don’t Need Extra Crypto Protections Yet, EU Regulator Says

The European Banking Authority said it will kick off work to map out crypto activities and spot new financial risks this year.

2022-4-30 19:07	policy
crypto out map work kick off activities

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FDIC Wants All US Banks To Report Crypto-Related Activities, Citing ‘Safety Hazards’

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
fdic safety hazards activities banks crypto exposure

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FDIC Asks All Banks to Report Crypto Activities

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	policy
crypto activities report banks well soundness financial

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The FDIC wants US banks to report on current and intended crypto-related activities

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	insurance
crypto risks supervises institutions adequately assess none

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Bank of Israel Publishes Draft Guidelines for Crypto Deposits

The draft rules would prevent Israeli banks applying a blanket ban on fiat deposits originating from crypto activities.

2022-3-11 15:19	policy
crypto deposits draft ban blanket banks applying

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US regulator that oversees banks like JPMorgan wants to curb how they engage with crypto

The US Office of the Comptroller of the Currency (OCC), recently issued Interpretive Letter 1179 that revises previously released guidelines for banks engaging in certain cryptocurrency related activities.

2021-11-25 00:00	Regulation
banks 1179 revises issued letter previously interpretive

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Major US Banking Regulators Finish “Policy Print” and Release 2022 Crypto Roadmap

Top US banking regulator said on Tuesday that banks must seek and obtain written permission from their bank supervisors before engaging in cryptocurrencies. The Office of the Comptroller of the Currency said that before taking on activities like providing custody services for crypto assets, banks must demonstrate they have appropriate risk management tools.

2021-11-25 16:49	Legal & Regulation
said banks crypto must banking taking activities

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Top US Bank Regulator Coordinating with The Fed and OCC to Have Clear Policy to Hold Crypto on Balance Sheet

The Federal Deposit Insurance Corporation has its eyes set on cryptocurrencies. A team of U. S. bank regulators will be teaming with other agencies to coordinate policies for how and under what circumstances banks can engage in activities involving crypto.

2021-10-27 16:02	Bitcoin News
crypto bank coordinate policies agencies teaming regulators

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PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately

China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.

2021-6-22 15:30
china transactions bank pboc cryptocurrency people virtual

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Banks fall in line as China’s central bank cracks down on crypto accounts

AgBank — the world's third-largest bank by assets — has indicated it will follow the PBoC’s cue and work to stamp out its clients’ crypto-related activities.

2021-6-22 13:31	Banks
bank indicated cue pboc follow clients crypto-related

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South Korea: Crypto Exchanges to Be Designated as High-Risk Clients by Banks

South Korean regulators want banks to classify crypto exchange clients as high-risk while financial service institutions clamor for greater indemnity regarding potentially illegal activities of trading platforms.

2021-6-15 13:00	South Korea
high-risk banks south clients crypto platforms indemnity

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Nothing but lies – Banks Contribute to more Global Pollution than Bitcoin

The banking system has always been against virtual currencies like bitcoin, and they repeatedly use it to raise concerns about mining activities harming the environment. Still, according to the latest report presented by Greenpeace and WFF, it is found that banks themselves have contributed to a majority of climate chaos.

2021-5-27 18:26	featured
bitcoin banks report presented greenpeace latest according

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Why bitcoin and crypto regulation is not a priority for US Treasury Secy

As the crypto-community on Twitter was sinking into the unverified headline that stated the US Treasury Department was set to crack down on a number of unknown banks for their activities related to thThe post Why bitcoin and crypto regulation is not a priority for US Treasury Secy appeared first on AMBCrypto.

2021-5-4 15:00	BTC Trading View
treasury bitcoin secy regulation crypto priority banks

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Iran Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports

The Central Bank of Iran has authorized banks and currency exchangers to use cryptocurrencies mined by licensed crypto miners in the country to pay for imports. Meanwhile, a bill is being drafted to provide regulatory clarity regarding crypto-related activities.

2021-4-27 05:30
cryptocurrencies pay iran use imports exchangers banks

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Argentina’s central bank is asking citizens to disclose their Bitcoin

The Central Bank of Argentina is asking local banks to scrutinize clients that hold Bitcoin and other cryptocurrencies and engage in business or trading activities using the assets, local news reports from last week showed.

2021-4-6 05:30	btcusd
bitcoin local argentina asking bank central using

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Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats. Cryptocurrencies are an increasingly popular store of value. Banks and governments are adopting a more liberal stance to cryptocurrency adoption and use for various economic activities.

2021-3-17 07:50	featured
crypto-cyberthreats keep know need safe bitcoins all

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Nigerians bounce back with a defiant response to the government’s Bitcoin ban

It’s been over a week since the Nigerian government restricted banks and crypto-trading platforms from engaging in crypto-related activities. Now, in tandem with the general public speculations, the country’s youths are beginning to re-strategize, with a response that is both bold and defiant.

2021-2-15 18:46	xbtusd
government response defiant public general speculations activities

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The OCC will allow banks to use public blockchain and stablecoin networks

The Office of the Comptroller of the Currency has announced that U.S. national banks can participate in node verification networks and use stablecoins to conduct payment activities

2021-1-6 14:01	BNC insights
use networks banks national participate verification payment

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National Banks & FSAs Can Hold Reserves for Stablecoin Issuers: US Federal Banking Regulator & SEC

The Office of the Comptroller of the Currency (OCC) issued new guidance regarding stablecoins on Monday. “National banks and federal savings associations currently engage in stablecoin-related activities involving billions of dollars each day,” said Acting Comptroller of the Currency Brian P.

2020-9-23 17:06	Stablecoins
banks comptroller national federal currency engage associations

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Biggest Banks Involved in Moving $2 Trillion Illicit Funds, Reveals FinCEN Documents

And they say bitcoin is used for criminal activities. The leaked documents of $2 trillion transactions, a tiny proportion of the SARs submitted over the period, revealed that some of the world’s biggest banks have been allowing criminals to move dirty money around the world.

2020-9-22 17:35	Bitcoin News
banks trillion biggest world documents revealed submitted

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US Regulator Green-Lights Banks for Cryptocurrency Custody Services

The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.

2020-7-24 17:30
services custody banks cryptocurrency occ providing customers

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US Regulator Requests Banks? Feedback About Barriers to Adoption of Crypto-Related Activities

Federal American banking regulatory body OCC has requested feedback regarding potential crypto usage by banks while preparing adjustments in digital banking regulations

2020-6-5 17:54
banking banks feedback potential crypto regarding usage

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Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks

Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions.

2020-3-14 21:25
crypto group germany bitcoin providers activities home

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Britain’s Tax Authority Updates Crypto Guidelines

Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities and private individuals.

2019-11-5 01:00	Taxes
guidelines crypto tax authority updates britain out

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Seed of World ICO

Develop a comprehensive system of multiple investments aimed at the promotion and development of Agricultural, Livestock, Real Estate, Rural Tourism, Vineyards, Wineries and Special Products activities, among other businesses that will be developed with the passage of time in the Latin American region.

2019-10-16 12:33
all businesses having money physical sense guarantee

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Moonday Mornings: IBM wants to put your browser history on the blockchain, forever

Welcome to another Moonday Mornings. Let’s waste no time and take a look at the weekend’s cryptocurrency and blockchain headlines you can’t afford to miss. 1. Cryptocurrency traders in Israel are facing a sticky situation.

2019-8-12 11:29	hard fork
cryptocurrency trading moonday blockchain ibm mornings unpaid

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Bitcoin Aversion by Israeli Banks Hindering Crypto tax Payments

Israeli media sources say bitcoin traders in the country are finding it difficult to pay taxes as banks continue to refuse crypto deposits, August 6, 2019. Banks in many countries refuse to accept deposits from crypto-related activities based on fears of money laundering and other illicit financial activities.

2019-8-7 19:00
crypto bitcoin banks israeli refuse deposits activities

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Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise.

2019-7-18 15:55
labels morgan money unpleasant billions worth fines

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Money Laundering Fines Help Bankers Avoid Prosecution

2019-7-19 15:55
morgan money fines help prosecution laundering avoid

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France to Launch G7 Cryptocurrency Task Force in Wake of Libra Concerns

According to a report published by Reuters on June 21, 2019, France is set to form a G7 cryptocurrency task force to explore how global central banks can regulate cryptocurrencies like Facebook’s Libra without the risk of it being used for money laundering and other illicit activities.

2019-6-22 23:00	Regulation
task force libra cryptocurrency france laundering illicit

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Op Ed: Understanding the Latest FinCEN Guidance for Cryptocurrencies

On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.

2019-5-11 21:34	Op-ed
money cvc transmission services fincen msb business

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Big Asian Bank Executive: Going Paperless Will Save the $9 Trillion Finance Sector from Forgeries

Going paperless is seemingly becoming an attractive option. Paper records are often used to carry out activities in banks from lending to signifying ownership. However, forgers are now utilizing it as a means to forge the symbols that make a document legal.

2019-5-7 22:48	Blockchain Technology
paperless going forge symbols however make forgers

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Debunking Bitcoin Myths: "It’s Only for Criminals"

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against BitcoinBitcoin’s core value proposition is that it is an uncontrolled, apolitical money.

2019-4-30 20:16	Op-ed
bitcoin world like developing people value much

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Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.

2019-4-19 23:21	Law & justice
bitcoin report russian russia used these mueller

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New WEF Research Explores Central Bank Activities With Blockchain And DLT

While central banks are known for being some of the most cautious and prudent institutions in the world, chances are that these may become among the first to implement blockchain and distributed ledger technology (DLT), according to a new white paper published by the World Economic Forum (WEF).

2019-4-6 19:56
central dlt blockchain new world wef research

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Puerto Rico Approves Combination Bank for Fiat and Digital Assets

The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).

2019-4-3 00:47	Digital assets
puerto sjmbt digital fiat rico bank asset

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As Bitcoin soars, major brands will find crypto more palatable | Opinion

Mainstream adoption of cryptocurrency will be achieved through meaningful association with name brands outside the financial and tech sectors.

Copper Technologies cancels U.K. registration in favor of global expansion

UK-based crypto firm Copper Technologies withdrew its registration to the FCA. Instead, its new CEO wants to shift the custodian’s focus towards securing operating licenses in the US and other countries.

Ohio introduces second Bitcoin reserve bill

The State of Ohio has introduced a second Bitcoin reserve bill as crypto legislation gains momentum across the U.S. ahead of Donald Trump’s inauguration. Ohio House GOP Majority Whip Steve Demetriou proposed legislation to allow the state to manage a…

Ohio lawmaker Derek Merrin introduces Bill to create state Bitcoin Reserve

A proposed legislation in Ohio seeks to incorporate Bitcoin into its financial plan. Derek Merrin, the Leader of the Ohio House Republicans, introduced the bill.

Bitcoin blasts past $108,000 – Is $210,000 next? Institutions think so

What’s behind Bitcoin’s historic rise to $108,000? From Trump’s speech to ETFs and MicroStrategy’s massive buys, could a major institutional supply squeeze be underway? Bitcoin soars to new highs Bitcoin (BTC) has once again stolen the spotlight. On Dec. 17,…

Springfield man is convicted for using crypto to finance ISIS operations

On December 13, Mohammed Azharuddin Chhipa residing in Springfield, was convicted by a federal jury on multiple counts associated with the Islamic State of Iraq and al-Sham, a foreign terrorist organization.

CZ highlights how governments are leaning towards BTC strategic reserves

Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.

2023-8-9 13:47

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