First Mover: Biden’s $1.9T Plan Shows ‘Blue Wave’ Bitcoiners Saw Coming

The Federal Reserve might need to print money to help finance Biden's coronavirus relief proposal, to keep Treasury-bond interest rates from climbing.

US Fed: CBDC a ‘very high priority’ to combat bad private sector money

The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell.

Fed Chief Bets That US's 'First-Mover Advantage' in CBDC Race Is Stronger Than China's

Fed Chairman Jerome Powell. Source: a video screenshot, Youtube, NBC News Jerome Powell, the chairman of the US Federal Reserve (the Fed), has suggested that the United States is in no rush to issue a central bank digital currency (CDBC), opining that the dollar’s status as the de facto world reserve currency will provide the nation with “first-mover advantage” – no matter what policies

Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC

The US Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country.

Bitcoin friendly Brian Brooks to step down as Acting Comptroller of US OCC

United States Office of the Comptroller of the Currency (OCC) announced on 14 January that the federal agency’s Acting Controller Brian Brooks will step down, and that Blake Paulson will become the The post Bitcoin friendly Brian Brooks to step down as Acting Comptroller of US OCC appeared first on AMBCrypto.

Stablecoin Risks a ‘High-Level Focus,’ Says Federal Reserve Chair

Powell reiterated today during a webinar that the central bank is taking a careful look at stablecoins and their effects.

Top US Banking Regulator Grants Federal Charter to Crypto Firm Anchorage

South Dakota-based Anchorage Trust Company is making history as the first federally-chartered bank in the US to receive permission to custody digital assets.

Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie

With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.

An online future for finance is inevitable, says OCC's Brooks

Brooks considers the migration of the financial system onto the internet "inevitable." The departing leader of the United States Office of the Comptroller of the Currency is convinced that the future of finance is blockchain-native, per a conversation with crypto analytics firm Elliptic on Wednesday. Described by Elliptic CEO Simone Maina as "a fairy godfather to the crypto industry," Brian Brooks has been a leading light in US federal policy toward crypto since taking over for Comptroller Joseph Otting in May 2020.

Crypto exchange owner gets 10 years in prison for aiding scammers

The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndicate. Rossen Iossifov, the convicted owner of the RG Coins crypto exchange platform has been sentenced to 10 years imprisonment for money laundering. As previously reported by Cointelegraph, a federal jury in Frankfort Kentucky found the Bulgarian national guilty of conspiracy to commit racketeering and money laundering back in Sep.

Brian Brooks, Crypto-Friendly Bank Regulator, Expected to Step Down This Week: Report

Acting USOCC head Brian Brooks will reportedly end his brief tenure running the federal banking regulator by the end of the week.

Bitcoin Billionaire Tyler Winklevoss Pushes BTC Scarcity as 26% of US Dollars Were Printed in 2020

Bitcoin billionaire Tyler Winklevoss again made the case for Bitcoin over the US dollar, alluding to the crypto’s scarcity and limitless federal money printing.

Bitcoin ‘Going Through the Roof’ Unlike Assets Controlled by Government, Says Former Fed Governor

Former Federal Reserve Governor Kevin Warsh is bullish on bitcoin.

Judge reverses own ‘mistaken’ dismissal of Overstock lawsuit

A United States federal judge has reversed his decision to dismiss a lawsuit alleging that Overstock manipulated its share market by distributing a security token in 2019.

Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’

Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the US Federal Reserve.

Former Fed Governor Kevin Warsh Flips on Crypto, Says He’s Now Bullish on Bitcoin

Former Federal Reserve governor and one-time Bitcoin skeptic Kevin Warsh says the top cryptocurrency is now a sensible investment.

Novogratz predicts young people will buy Bitcoin with their stimulus checks

Mike Novogratz claims that many people bought Bitcoin after the last round of federal stimulus checks, and thinks they're likely to again. Amid a long battle over whether or not United States citizens will get their $2,000 stimulus checks to help them to weather the economic repercussions of the COVID-19 pandemic, Mike Novogratz has weighed in on what the news could mean for the stock and crypto markets. The CEO of Galaxy Digital spoke to CNBC Squawk Box amid the surreal image of a Wall Street apparently unfazed by the commotion in the Capitol yesterday.

Former Federal Reserve Governor Now On Board with Bitcoin

Given the massive shift in monetary policy, “Bitcoin does make sense as part of a portfolio in this environment,” said Warsh.

Top Regulator Says US Banks Can Use Stablecoins for Payments

A federal financial regulator is informing US banks that they can adopt new technologies such as stablecoins for their payment functions.

US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.

24,000 Crypto Investors Petition White House To Declare XRP a Virtual Currency

Ardent Ripple supporters are petitioning the federal government to halt the US Securities and Exchange Commission’s (SEC) lawsuit against Ripple.

Rep. Soto seeks to create office to 'coordinate' Federal use of blockchain tech

The dedicated office would oversee "all non-defense related deployment and activities related to blockchain technology within the Federal Government.” A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology.  Sponsored by Rep.

XRP enthusiasts seek to force White House’s hand on SEC suit

A longshot effort from the community hopes to solicit an official White House response As token prices plunge and Ripple prepares for court, a band of XRP enthusiasts have rallied around a petition that may force a White House statement on the recent SEC lawsuit alleging Ripple conducted an unregistered securities offering.  A petition filed on the White House-run We the People website titled “We the People ask the federal government to deem XRP, the virtual currency, a currency,” has now crossed 10,000 signatures.

US federal regulators set new expectations for stablecoin issuers

The President's Working Group has not said anything revolutionary, but does establish some new clarity.

SEC: Broker-dealers holding security tokens won't be subject to enforcement action for 5 years

United States Securities and Exchange Commission (SEC) today issued a statement and requested for comment on the issue of “custody of digital asset securities by broker-dealers.”  The federal age The post SEC: Broker-dealers holding security tokens won't be subject to enforcement action for 5 years appeared first on AMBCrypto.

Let Them Eat Cake: Congress Approves a $900 Billion Stimulus Package, Billions in Pork Funds, Federal Employees Get a Raise

The United States Congress has approved a $900 billion Covid-19 relief package that’s tethered to the government’s $2.3 trillion year-end funding plan.

SEC unveils suit against Ripple, calling XRP a '$1.3B unregistered securities offering'

The commission is alleging Garlinghouse, Larsen and Ripple have participated in an "unregistered, ongoing digital asset securities offering" to investors since 2013. The US Securities and Exchange Commission has taken legal action against Ripple as well as its CEO Brad Garlinghouse and co-founder Christian Larsen. In charges filed today in federal district court in Manhattan, the commission is alleging that the XRP token is classified as a security, and accusing Ripple and the two execs of raising more than $1.3 billion through an “unregistered, ongoing digital asset securities offering” to investors beginning in 2013.

FBI to reform virtual currency practices following DoJ recommendations

The DoJ thinks the FBI needs to shape up when it comes to its cryptocurrency support teams. A recently released US Department of Justice audit of the Federal Bureau of Investigation’s (FBI) practices in regards to darknet criminal investigations concluded that the law enforcement agency is in disarray — and an overarching "cryptocurrency support strategy" might be among the solutions.  According to an unclassified version of the audit released on Thursday, the FBI’s current darknet investigation efforts are — perhaps ironically — hampered by a “decentralized” set of practices, policies, and training programs, as well as compartmentalized intelligence leading to “redundant” efforts.

FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto Ransoms

The US Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group.

US Treasury Dept's Reported New Rule Might Increase Bitcoin Surveillance

While the national treasury of the US federal government is said to be on the brink of proposing a new transaction reporting rule, many in the Cryptoverse argue that it would not affect investors and/or that regulations concerning so-called "self-hosted" wallets are nonsensical.

QE Infinity: US Fed to Keep Rates at Zero, Billion-Dollar Bond Purchases Until Economy Recovers

This week the US Federal Reserve met for two days at the Federal Open Market Committee meeting and detailed that it would keep short-term borrowing rates at near zero.

Tron asks NY judge to turf ICO suit from Binance bag holders

The Tron Foundation has filed a motion to dismiss a lawsuit from plaintiffs alleging securities violations with its $70 million 2017 ICO. The Tron Foundation has requested a New York federal judge dismiss a class action lawsuit alleging securities violations through Tron’s 2017 initial coin offering, describing the claims as “fatally flawed.” The Chinese blockchain developer filed a motion to dismiss on Dec.

Bitcoin Climbs to Two Weeks High Ahead of FOMC Update; What’s Next?

Bitcoin prices edged higher on Wednesday as traders pinned hopes on the ongoing stimulus talks and fresh guidance from the Federal Reserve.

Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September

Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year.

US FTC digs into Big Tech's centralized reservoirs of user data

As antitrust enforcement hits Facebook and Google, the Federal Trade Commission is digging into misuse of consumer data. The United States Federal Trade Commission is making the giants of social media account for their user data practices. On December 11, the FTC published orders for special reports from unnamed social media companies.

Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto

A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme.

FTC sues Facebook in antitrust lawsuit as regulators mount offensive

Regulators around the globe are increasingly turning hostile to the social media behemoth. The United States Federal Trade Commission has filed a lawsuit against Facebook, Inc., where it alleges that the corporation has been engaging in anti-competitive practices ever since acquiring a dominant global position at the turn of the 2010s. According to public case files released on Wednesday, the regulator believes that Facebook has systematically purchased or reproduced the features of any social media competitor that could have posed a threat to the company’s dominance.

Paxos seeks approval to become fully-regulated crypto bank

The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels. Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday.

Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme

Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.

Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter

Paxos has filed to become a federally regulated bank with the US Office of the Comptroller of the Currency, joining BitPay and Anchorage.

The Breakdown: Why US’ $2 Trillion Stimulus, Unlimited QE Will Expose Monetary System’s Flaws

The US government approved a $2 trillion stimulus package after the Federal Reserve pledged “unlimited” quantitative easing to stabilize the economy.

Russian crypto lobby group appeals to finance ministry to soften legislation

A crypto advocate group in Russia is lobbying for more friendly federal crypto law.

A Pakistani Provincial Government Passes Crypto-Friendly Draft Resolution

In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities.

US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation

The department wants state and federal regulators to keep a vigilant watch on digital asset innovation.

One of Pakistan’s four provinces urges federal gov’t to legalize crypto

The draft resolution reportedly notes that digital currencies are likely to replace paper currencies in the future. The assembly of Khyber Pakhtunkhwa, a province in northwestern Pakistan, has become the first legislative assembly to call for changes in the country’s stance toward cryptocurrencies. As previously reported, Pakistan has, to date, been relatively slow to introduce new frameworks for digital assets and cryptocurrencies.

New Draft US Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval

Three US lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin.

US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters

US lawmakers have introduced a new bill to Congress seeking to impose federal control over the entire stablecoin industry and would mandate issuers to secure bank charters.

US lawmakers seek to make stablecoins illegal without federal approval

A new bill introduced to Congress seeks to control the entire stablecoin industry by requiring all related activities to obtain federal approval first A new bill, introduced to US Congress on Wednesday night, could enforce blanket regulation on all stablecoins.

Beyond BitMEX: CFTC sets a new record for lawsuits in crypto this year

Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market. The Commodity Futures Trading Commission, or CFTC, is having a banner year in crypto enforcement. Per the commission's annual review released on Tuesday, fiscal year 2020 featured seven monetary relief actions against firms engaged in illegal activity in crypto, which is a new record. The review said: "In conjunction with the Division’s Digital Asset Task Force, the Commission brought a record setting seven cases involving digital assets." These included charges against PanForex for offering leveraged trading to US persons without registering in the United States, as well as against Digital Platinum for classic fraud. The CFTC is the US federal commodities regulator, but it really only involves itself in the spot market in cases of overt manipulation or deception.

Australian government embraces blockchain with new trial and public servants' network

Following the launch of a nationwide APS blockchain network for federal, state, and local staff, Australia has launched an international blockchain trial with Singapore. The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain efforts.

Bitcoin Price Rises Ahead of FOMC Minutes; What to Expect Next?

Bitcoin rose Wednesday, right ahead of the release of the Federal Open Market Committee’s minutes from their November meeting.

Bitcoin Critic Janet Yellen Is Biden's Pick for Treasury Secretary

The former Federal Reserve chair, who has helped craft monetary policy, could soon become the chief architect of President-elect Joe Biden's fiscal policy.

Biden to Tap Former Fed Chair Janet Yellen as Treasury Secretary

Former Fed Chair Janet Yellen is expected to be tapped to run the Treasury Department, where she would oversee federal agencies that impact crypto.

Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury

The Biden team looks to Janet Yellen to lead the next administration's economic policy, which will have to navigate the wreckage left in the wake of the coronavirus. As President-Elect Biden continues to round out his roster of appointees, he has tapped an Obama-era chair of the Federal Reserve to lead his administration's economic policy. According to a Wall Street Journal exclusive published on Nov.

Crypto users speak out on proposed change to FinCEN Travel Rule

“This proposal, if adopted, would prove to be an invasion of privacy." Since the US Federal Reserve and Financial Crimes Enforcement Network opened a proposed rule to acquire more information on smaller international transactions, many crypto users have labeled the measure as an invasion of privacy. On Oct.

Bitcoin Maximalist Max Keiser says Investors Holding Assets Other than BTC and Gold are in Trouble

According to Max Keiser, due to the renewed expansion of the Federal Reserve’s balance sheet, all assets are in trouble, except gold and Bitcoin.

What Stops the Fed From Buying Up Bitcoin?

Given that the US Federal Reserve holds just over $43 billion in foreign currencies; what's stopping it from adding Bitcoin to that list?

‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’

Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19.

The SEC Is Still Working Out What ‘Qualified Custodian’ Means for Crypto

The SEC’s recent statement about qualified custodians shows the federal agency is still puzzling out important questions for the crypto space.

Privacy should be at the core of CBDCs, says Boston Fed research director

Privacy should be a key talking point from the beginning of CBDC development. Robert Bench, the Federal Reserve Bank of Boston’s director of applied research, thinks privacy should be a focus during the creation of digital money, not an afterthought.  “Privacy is a question that we have learned is critical from a technical perspective,” Bench said during a Chamber of Digital Commerce panel on Friday: “One of our learnings is that the questions of privacy and identity must be considered at the earliest stage of the architecture.

Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’

In 2020, the US Federal Reserve has injected an enormous amount of US dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak.

Before Congress, federal regulators dispute US pace on national digital currency

Speaking before Congress, OCC head Brian Brooks describes the importance of digital asset innovation and the private sector.

Chainalysis Wants to Help the Feds Sell Millions in Forfeited Bitcoin

The new service launch comes just one week after federal agents announced the seizure of over $1 billion in bitcoin.

Biden taps crypto-savvy former CFTC chair for transition team

Gary Gensler will reportedly ensure a smooth transition with the Federal Reserve in addition to banking and securities regulators. Less than four days after his official acceptance speech, Joe Biden has already begun assembling a team including the former chairman of the Commodity Futures Trading Commission as part of his transition to the 46th President of the United States. According to a Nov.

Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers

A US court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million.

'The Most Crucial Question' on Digital Dollar According to Fed

Economists at the Federal Reserve, the United States’ central bank, have concluded that research into central bank digital currencies (CBDCs) fails to show that CBDCs are a silver bullet, leaving “many questions” to be answered – another hint that the Fed will not be rushed into the issuance of a so-called digital dollar. In a review of leading CBDC-related

Ex-Microsoft Engineer Convicted In Landmark Case Involving Bitcoin Tax Fraud

In what is presented as the first US criminal case involving bitcoin (BTC) that has a tax component, a software engineer was sentenced to nine years of prison for 18 federal felonies related to his scheme to defraud software giant Microsoft, his former employer, of more than USD 10m.

US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC

The US Federal Reserve has continued to research the benefits and impact of implementing a central bank digital currency (CBDC).

US Fed economists exploring 'intrinsic' value drivers of CBDC

In its research on central bank digital currencies or CBDCs, United States Federal Reserve published a new review on 9 November exploring the potential impact of a digital dollar on commercial banking The post US Fed economists exploring 'intrinsic' value drivers of CBDC appeared first on AMBCrypto.

Canada’s Tax Authority Asks Court to Force Crypto Exchange to Hand Over Data on All Users

Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013.

Canadian Tax Agency Asks Coinsquare Crypto Exchange to Hand Over Clients Personal Data

The Canada Revenue Agency has requested a judge of the Federal Court to force a crypto exchange to hand over information about all its customers.

8,000 Bitcoin Scam Victims Get Refunds From US Regulator

The US Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams.

Price analysis 11/6: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

Bitcoin price looks slightly overextended in the short-term and may take a break while altcoins play catch-up. The United States Federal Reserve Chair Jerome Powell recently said that additional fiscal stimulus could result in a stronger recovery.

Canada’s federal tax agency, CRA, goes after Coinsquare’s client details

Canada’s federal tax collection service, the Canada Revenue Agency (CRA) is asking a judge to force Toronto-based cryptocurrency exchange Coinsquare to hand over information and certain documents ab The post Canada’s federal tax agency, CRA, goes after Coinsquare’s client details appeared first on AMBCrypto.

Fed calling for more stimulus is 'code for buy Bitcoin,' says Winklevoss

Jerome Powell says Congress should agree further fiscal stimulus as US public debt tops $27.2 trillion. The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing. In a tweet on Nov.

Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases

The statement is in keeping with economists' expectations for the US central bank to take no new monetary policy actions.

US and Brazil authorities seize $24 million in crypto

US Department of Justice announced that it has seized $24 million in cryptocurrencies through a collaboration with the Brazilian federal police investigation pertaining to a cryptocurrency scam operat The post US and Brazil authorities seize $24 million in crypto appeared first on AMBCrypto.

Economy minister says Brazil will have its own CBDC

Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of its central bank. Brazilian Economy Minister Paulo Guedes has said that Brazil will issue its own central bank digital currency, or CBDC. Guedes made the statement on Thursday during a ceremony celebrating the 100 millionth digital savings account opened at Caixa Economica Federal: "Now that the central bank is autonomous again, it’s also amazing in the digital dimension: Pix, OpenBank, fintechs and digital currency.

First Mover: Bitcoin Likes Biden (and Fed’s Powell) as Price Approaches $15K

The Federal Reserve, established as lender of last resort to banks, looks to be stimulus provider of last resort with US government divided.

US Prosecutors Seek ‘Substantial’ Prison Sentence for Centra Tech Co-Founder in $25M Fraud Token Sale

According to court documents, US federal prosecutors are asking that one of Centra Tech’s co-founders, Robert Farkas, be sentenced to prison instead of his request for home confinement and community service.

Prosecutors seek harsh sentence for fraudster behind celeb-spruiked ICO

The US government is seeking harsh sentencing for the founder of the company behind a fraudulent, celebrity-promoted initial coin offering from 2017. US federal prosecutors are pushing for a heavy prison sentence to be levied against one of the founders of Centra Tech — the company behind a notorious initial coin offering (ICO) in 2017 that was promoted by professional boxer Floyd Mayweather and musician DJ Khaled. In a government sentencing submission filed on Oct.

Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions

While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel.

The crypto compliance lie: Sacrificing privacy does not make us safer

The lightchain-vs.-darkchain dichotomy is counterproductive, and a healthy graychain will produce more valuable crypto assets like Bitcoin. In the last month, we’ve seen the United States Federal Reserve come after BitMEX for failing to identify customers, crypto intelligence firm CipherTrace report that most crypto exchanges are not collecting enough user info, and the so-called “FinCEN Files” demonstrate that even large banks that collect and report vast troves of suspicious transactions are not doing enough to unbank the bad guys.

Two US Nationals Charged With SIM-Swap Cryptocurrency Theft

Federal prosecutors have charged two US citizens with a SIM swap and phishing scam that led to a theft of over $16,000 worth of cryptocurrency.

Two Indicted in Latest Federal Prosecution of SIM-Swapping Crypto Theft

One alleged conspirator tried to SWAT the other after he "failed to share" the pair's stolen crypto.

Loan refinancer and BitLicensee SoFi is clear to launch a national bank in the US

The new bank will be subject to heightened scrutiny from the OCC for at least three years. In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States. The OCC is the office of the US Treasury that regulates federal banks throughout the country.

13 Things Fed Should Mull Over Before a Digital Dollar Launch

The US Federal Reserve should look into more than a dozen major matters before launching its central bank digital currency (CBDC), a digital dollar, including safety, fairness, inclusion, interoperability, and resilience among others, found Global Digital Finance (GDF), an industry body working on the adoption of digital finance. "There are a number of critical

Election 2020: What’s at Stake for the Crypto Industry

While neither major Presidential candidate is campaigning on a crypto platform, who they appoint to head up federal agencies will shape policy for years to come.

US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies

The US Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers.

Ripple board member arrested on cyberstalking charge

Ken Kurson, member of payment protocol firm Ripple’s board of directors, was arrested on Friday and has been charged by federal prosecutors in Brooklyn for cyberstalking in connection with his divor The post Ripple board member arrested on cyberstalking charge appeared first on AMBCrypto.

Brazil is prepping an IPO for its state-run digital bank

Brazilian Minister defends IPO of federal digital bank created to aid population during pandemic Brazil's Minister of Economy, Paulo Guedes, said during an online event this Tuesday that Brazil "is about to" join the Organization for Economic Cooperation and Development (OECD) and that the Brazilian government has plans to launch a public offering of shares (IPO) for the newly-created digital bank of Caixa Econômica Federal. Caixa Econômica Federal created a digital bank during the pandemic to help the government send financial aid to around 64 million Brazilians.

Swiss Government Starts Discussions on Local Blockchain Regulations

The Swiss Federal Department of Finance will work on a set of rules to ease the burden on cryptocurrency firms in the country.

The US Risks Getting Left Behind on CBDCs

The Federal Reserve's “wait and see” approach to digital currency could deprive the US of important fiscal and monetary tools as its rivals move ahead.

Fed Chairman Powell Updates Efforts to Create Digital Dollar, Says Risks and Trade-Offs Being Thoroughly Evaluated

Federal Reserve chairman Jerome Powell says the Fed is methodically exploring the creation of a digital version of the US dollar while evaluating the risks and trade-offs of a central bank digital currency (CBDC).

Pomp says US digital dollar needs to happen now

The US doesn't mind coming a bit late to the CBDC party, but is that the wrong approach? Recent comments from Jerome Powell, the chairman of the US Federal Reserve, show the American government is not especially concerned with speed when it comes to developing a central bank digital currency, or CBDC.

Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First

Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.

US Fed Chair Jerome Powell Says It’s Better to Be Right Than First on CBDC

US Federal Reserve Chairman Jerome Powell said today that the central bank is committed to exploring the potential costs and merits of launching a CBDC but hasn’t made a final decision yet.  The post US Fed Chair Jerome Powell Says It’s Better to Be Right Than First on CBDC appeared first on CryptoPotato.

Better to get it right than to be first with CBDC, says US Fed chair

The US already has a “safe and active dynamic domestic payment system,” Powell argued. The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed's chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when it comes to issuing CBDCs. Speaking at an Oct.

United States evaluating benefits of CBDCs, says Fed Chair Powell

In what is a significant development, Jerome Powell, Chairman of the US Federal Reserve, today revealed that the Fed is looking into the benefits of digital currencies. The Fed Chair was speaking The post United States evaluating benefits of CBDCs, says Fed Chair Powell appeared first on AMBCrypto.

Swiss gov’t starts consultation process for blockchain laws

The Swiss government will enforce new blockchain laws in less than a year. Switzerland’s Federal Department of Finance has initiated a consultation process for a blanket ordinance in the blockchain and distributed ledger technology space.  The consultation will happen among cantons, parties and other interested groups in this space.