Banking Regulation


Policy

Crypto Banking Rules Now Due This Year From Basel Committee

The group cited recent turmoil in pushing ahead with its plans, which previously saw opposition from major lenders like JPMorgan Chase.

Basel, Switzerland, home to the Basil Committee on Banking Supervision (Alexander Pyatenko/Getty Images)

Policy

Argentina's Central Bank Bans Lenders From Offering Crypto Services

The announcement on Thursday afternoon comes after the IMF last month approved a $45B loan facility for Argentina that stipulated the country would discourage the use of cryptocurrencies.

Banco Central de la República Argentina (Shutterstock)

Policy

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

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

(HarriesAD/Getty Images)

Opinion

Monetary Weapons: 4 Lessons from Canada and Russia

The traditional financial system is a tool that can be used both against fellow citizens and despicable enemies.

(erin mckenna/Unsplash)

Opinion

Bitcoiners Were Right: Weaponized Finance Just Created a Post-Dollar Planet

A wave of sanctions hitting Russia highlights the complex web of connections that make up contemporary global society – and its ultimate fragility.

A sign displays forex rates to the ruble at an exchange bureau in Moscow on Monday. (Getty Images)

Policy

New FDIC Acting Chair Says Evaluation of Crypto Risks Is a Top Priority for 2022

Martin Gruenberg said agencies like the FDIC need to provide “robust guidance” to the banking industry on how to manage the risks to consumers posed by crypto assets.

Acting FDIC Chair Martin Gruenberg (Andrew Harrer/Bloomberg via Getty Images)

Policy

Basel Committee to Review Proposed Capital Requirements for Banks With Crypto Assets

The banking regulator plans to issue a new consultative document in 2022.

Bank for International Settlements. Basel, Switzerland.

Markets

He Saw Iceland’s Banking Fraud From Inside. Now He’s Worried About Crypto

“I think we’re living on a sand castle financial system,” says former banker and fraud investigator Jared Bibler.

"Iceland's Secret" author and financial fraud investigator Jared Bibler. (Harriman House)

Policy

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.

Iceland's famed Fagradalsfjall Volcano. The small nation's banks are also well known for their tendency to explode. (Sophia Groves/Getty Images)

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