Banking Regulation
What Iceland’s Spectacular Banking Collapse Teaches Us About Tether
Iceland’s surreal banking bubble led to one of the biggest blowups of the 2008 financial crisis. The story holds important lessons – including a possible scenario for Tether’s collapse.
US FDIC Said to Be Studying Deposit Insurance for Stablecoins
So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail.
Digital Euro Isn’t Guaranteed After Experiment, ECB Advisor Says
The European bank’s two-year digital euro experiment will focus on a retail CBDC.
Australian Crypto and Remittance Businesses Face ‘Debanking,’ Senate Committee Hears
Australian banks stand accused of engaging in “anti-competitive” behavior by denying their services to local crypto businesses.
South Korean Banks to 'Review' Partnerships With Crypto Exchanges
There are no guarantees that even the "Big 4" Korean crypto exchanges will survive the imminent regulatory tidal wave.
Texas State Regulator Greenlights Banks to Custody Crypto
A June 10 notice from the Texas Department of Banking told state-chartered banks they can work with crypto companies.
Wall Street Bank CEOs to Mention Crypto Before Congressional Banking Panels This Week
“We continue to closely and actively follow developments around cryptocurrencies,” said Wells Fargo CEO Charles Scharf in a statement.
New OCC Chief Signals Greater Caution on Crypto
"We created an Office of Innovation, updated the framework for chartering national banks and trust companies, and interpreted crypto custody services as part of the business of banking. I have asked staff to review these actions," Acting Comptroller Michael Hsu said.
OCC Halts Fair Access Banking Rule
The rule would have prohibited U.S. banks from denying services based on ideological factors.
