US banking regulators: Expect guidance on stablecoins and Bitcoin custody by 2022
The OCC, the FDIC and the Federal Reserve have said in a joint statement that they’ll focus on a long-term policy strategy in 2022 after this year’s policy sprints.
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FDIC joins ‘crypto sprint’ as it sets sights on digital currency regulation
The FDIC is working with the Federal Reserve and other agencies on how to regulate the digital currency industry, with one of its proposals being that all stablecoins must prove that they are backed 1:1 by highly liquid assets.
FDIC wants to learn more about digital assets
The Federal Deposit Insurance Corporation (FDIC) has issued a request for information and comment on digital assets, in a bid to learn more about how institutions are currently using digital assets.
FDIC issues request for information on digital assets at US banks
The body, which protects bank deposits in the U.S. via a compulsory insurance scheme for financial institutions, id looking for information on “current and potential digital asset use cases” for insured institutions.
FDIC seeks blockchain and DLT expert as legal counsel
The U.S. Federal Deposit Insurance Corporation is looking for a new legal counsel to analyze and advise on matters relating to financial technology.