2023-6-27 09:46 |
Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system origin »
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Holdings for unbacked crypto would be limited to 1% of a lender’s capital, under plans put out for consultation Thursday
2022-6-30 13:56 | |
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In an appearance on CNBC’s “Power Lunch,” Lou Kerner of Blockchain Coinvestors compared the U. S. Dollar to the failed stablecoin UST. The crypto VC categorized both currencies as “unbacked things” which in the long term “go to zero.
2022-5-16 20:30 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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The country hopes to align local requirements with those proposed by international banking regulators.
A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky.
The study found that banks mostly held volatile cryptocurrencies and had little exposure to stablecoins.
The top cryptocurrency hit a high of $38,461 during the European hours, extending Wednesday's double-digit rally.
The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.
The DTCC has laid out guidelines for the post-trade processing of tokenized securities, aimed at market participants and regulators.