PYMNTS-MonitorEdge-May-2024

Custodia

US Crypto Clampdown Continues as Fed Guts Custodia Bank Application
US Crypto Clampdown Continues as Fed Guts Custodia Bank Application
March 27, 2023  |  Cryptocurrency

Crypto’s existential moment continues, as U.S. regulators can’t get past “fundamental concerns” with the sector.  This, as an order published last Friday (March 24), decisively unpacked the federal reserve’s...

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Federal Reserve Denies Digital Asset Bank Custodia’s Application
Federal Reserve Denies Digital Asset Bank Custodia’s Application
January 27, 2023  |  Banking

The Federal Reserve Board has denied digital asset bank Custodia Bank’s application. The Fed said in a Friday (Jan. 27) press release that the Wyoming-based digital asset bank’s submitted application...

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Fed Offers Crypto Banks Path to Global Payments Rails
Fed Offers Crypto Banks Path to Global Payments Rails
August 16, 2022  |  Cryptocurrency

The Federal Reserve has opened a path for crypto banks and stablecoin issuers to gain access to master accounts that would bring access to the...

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TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
June 10, 2022  |  Regulation

This week in TechREG U.S., cryptocurrency regulation has dominated the space. Lawmakers have discussed the role of cryptos in ransomware attacks and how to tackle...

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Crypto Regulation Weekly: Behnam Crows as Bill Favors CFTC; Japan, NY Enact Stablecoin Regulations; Crypto Bank Sues Fed
Crypto Regulation Weekly: Behnam Crows as Bill Favors CFTC; Japan, NY Enact Stablecoin Regulations; Crypto...
June 08, 2022  |  Cryptocurrency

No one will be shocked to hear that Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam was unstinting in his praise of a Senate bill...

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Today in TechREG: DOJ Urges to Strengthen Int’l Cooperation to Fight Crypto Crime, UK Wants Financial Regulators to Oversee Amazon, Microsoft Clouds
Today in TechREG: DOJ Urges to Strengthen Int’l Cooperation to Fight Crypto Crime, UK Wants...
June 08, 2022  |  Regulation

Today in TechREG, the United Kingdom has announced that it is planning to introduce legislation to give more powers to financial regulators to oversee nonfinancial...

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