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What if Celsius Was Regulated Like a Bank? Here's What OCC's Michael Hsu Says

"The way Celsius was organized is they commingled a lot of different activities," says Acting Comptroller of the Currency Michael Hsu. He discusses the alternative outcome had the crypto lender been regulated like a bank.

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Finanza

Citigroup Director of Blockchain and Digital Assets to Leave for Six Digital Exchange

Alexandre Kech's departure follows the exit of another key digital-assets employee from Citi in August.

(TungCheung/Shutterstock)

Finanza

Crypto Exchange Coinbase Fixes Technical Problem That Halted Payments and Withdrawals From US Bank Accounts

The exchange says the issue was identified and a solution was implemented.

Bitcoin drifted lower in Tuesday trading. (Pierre-Yves Babelon/Getty Images)

Politiche

La tenencia de criptomonedas de los bancos podría ser solo el 0,01% de la exposición total de riesgo, según estudio

El primer estudio de este tipo podría tener influencia en las normas globales más importantes sobre el capital bancario para las criptomonedas.

Los reguladores están estudiando qué normas bancarias deberían aplicarse a las criptomonedas. (Wang Yukun/Getty Images)

Politiche

Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds

The first survey of its kind may influence crucial global standards on bank capital for crypto.

Los reguladores están estudiando qué normas bancarias deberían aplicarse a las criptomonedas. (Wang Yukun/Getty Images)

Finanza

Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank

The deal will enable Nexo to open bank accounts with Summit National Bank, as well as enhancing its other products.

Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)

Politiche

US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders

The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.

The IRS' headquarters in Washington. (Zach Gibson/Getty Images)

Finanza

Wall Street Bank CEOs Tell Congress They’re Unlikely to Finance Crypto Miners

The chief executives of Citigroup, Bank of America and Wells Fargo were questioned Wednesday at a congressional hearing.

Cartelera del Bank of America. (Getty Images)

Finanza

Digital Asset-Focused Bank Protego Trust Names Ron Totaro as CEO

Protego added Bitfury’s CEO to its board of directors in February.

Ron Totaro, CEO de Protego Trust Bank. (Protego Bank)

Politiche

Banco Itaú fue seleccionado por el Banco Central de Brasil para desarrollar un fondo de liquidez DeFi

El BC eligió otros siete proyectos para que formen parte de su Laboratorio de Tecnología e Innovación Financiera y Tecnológica.

Edificio del Banco Central de Brasil. (Credit: Shutterstock/Alf Ribeiro)