US Fed, OCC urge banks to be cautious with digital assets
The two joined the FDIC in issuing a statement saying 2022’s events exposed the vulnerabilities of the sector, urging banks to keep digital currencies at arm’s length.
Latest Federal Reserve News
Why a Fed pivot won’t save ‘crypto’
The Federal Reserve’s decision to raise interest rates is a reaction to the current market condition, which is facing headwinds, including inflation, stimulus checks, and the new pandemic work-from-home culture.
Fed’s policy has never been this tougher in the entire history of digital currencies
The U.S. Federal Reserve’s monetary policy has taken a toll on the digital asset industry, as observed in the sharp drop in retail activity and space participation.
NY Federal Reserve testing CBDCs to improve foreign exchange transactions
The exploration is part of Project Cedar, an experiment conducted by the BIS to test the worthiness of wholesale CBDC in cross-border transactions.
Joshua Henslee deep dives into BTC’s ironic about face with the Fed in the Messy Times
In his Messy Times guesting, Joshua Henslee bares the negativity surrounding CBDCs, the original Bitcoin protocol on BSV, and how mainstream Bitcoin will destroy firms that overstep their mark.
Fed chair says DeFi isn’t transparent enough
James Powell, backed by prominent financial regulators, highlights the need to enforce appropriate directives to deal with "issues" concerning DeFi before they snowball and create a big mess.
Myanmar’s exiled government turns to digital currencies as last resort against ruling junta
In a last-ditch effort to restore democracy, Myanmar's ousted government seeks the help of the U.S. to use frozen funds as digital assets, while the ruling junta shows no signs of giving up power.
Why did ‘crypto’ go risk-on from risk-off?
The risks of investing in the digital currency industry remain high as Fed continues to tighten its policies to counter inflation, while fear spreads among potential investors caused by manipulative platforms.
FedNow is a better alternative to a CBDC, Federal Reserve governor says
Governor Michelle Bowman says that FedNow will address the issues that many Fedcoin fans have raised, reiterating her long-held anti-CBDC stance.
Federal Reserve issues guidance for banks seeking digital assets-related initiatives
All banking institutions in the United States will now be required to disclose to the Federal Reserve any intent to engage in or offer digital asset schemes under a new guideline.
Fed readies guidelines for digital asset banks master accounts
The Federal Reserve states that the guidelines will establish a transparent, risk-based, and consistent set of factors to be used in reviewing requests for access to its services.
Is Voyager Digital FDIC insured?
The Federal Reserve and FDIC claim that Voyager made "false and misleading statements, directly or by implication, concerning Voyager's deposit insurance status."