Tag: banks
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FDIC says banks can engage in crypto activities without prior approval
The Federal Deposit Insurance Corporation (FDIC) issued new guidance on March 28 clarifying that FDIC-supervised banks may engage in crypto-related activities without first...
OCC gives green light for banks to custody digital assets
The Office of the Comptroller of the Currency (OCC), the US regulatory body responsible for overseeing national banks, issued a significant clarification on...
Powell says Fed has no intention of preventing banks from offering crypto services
The Federal Reserve (Fed) chairman, Jerome Powell, said that the central bank regulator does not want to prevent banks from serving crypto to...
Trump may boost for big banks due to deregulation, small caps
The Trump administration may create powerful tailwinds for two vastly different market groups: Big banks and small cap stocks.In the case of financials,...
Ability for US banks to custody Bitcoin opened up as SEC retires SAB 121
The US Securities and Exchange Commission (SEC) has made a significant policy shift by introducing the Staff Accounting Bulletin (SAB) 122 to replace...
