Banking Regulation
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.
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.
Coinbase's Ex-Lead Lawyer Sold $4.6M in Stock to Head US Banking Watchdog
Brian Brooks left Coinbase to lead the U.S. Office of the Comptroller of the Currency last month.
Marijuana-Focused Stablecoin Issuer Added to Arizona Fintech Sandbox
Arizona's fintech program has added a controversial startup using stablecoins to evade federal regulations
