Banking Regulation

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.

Policy & regulation  ·  21 June 2021

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.

Policy & regulation  ·  10 June 2021
Wall Street

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.

News  ·  26 May 2021

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.

News  ·  18 May 2021

OCC Halts Fair Access Banking Rule

The rule would have prohibited U.S. banks from denying services based on ideological factors.

News  ·  28 January 2021

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.

News  ·  2 December 2020

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.

Policy & regulation  ·  10 June 2020

Marijuana-Focused Stablecoin Issuer Added to Arizona Fintech Sandbox

Arizona's fintech program has added a controversial startup using stablecoins to evade federal regulations

Policy & regulation  ·  31 July 2019

Bank Regulator Proposes Chinese Crypto License In Research Paper

A research paper from China's banking regulator suggests the country should let ICOs operate legally under a financial regulatory framework.

Markets  ·  28 June 2018
Banking Regulation

Educating Regulators a Priority, Say Blockchain Policy Experts

At Consensus 2016, expert panelists took turns discussing the future regulatory climate for digital currencies like bitcoin.

Markets  ·  4 May 2016