US Regulators on Banks: Crypto Risks Should Not Be Integrated with Banking System

With this, the U.S. regulators promised to take a careful and cautious approach to crypto activities and exposure at banking organizations.

The post US Regulators on Banks: Crypto Risks Should Not Be Integrated with Banking System appeared first on BitPinas.

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US Senator Toomey introduces stablecoin bill as congressional session wraps up

The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session.

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Approach with caution: US banking regulator’s crypto warning

The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.

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Brazilian Development Bank Sets Deadline for Completion of Blockchain Network

The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazilian Blockchain Network. The partnership, established through a memorandum of understanding, establishes a deadline for the completion of the project, which should be finished in five… More

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Acting OCC head warns that ‘fools gold’ in DeFi reminds him of lead-up to GFC

While crypto has been mostly weathered past hacks, scams, and crashes, acting OCC head Michael Hsu warns the risks may be multiplying as the technology goes mainstream.

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US Representative Ritchie Torres Calls for Investigation of SEC Over Prometheum’s License

U.S. Rep. Ritchie Torres has called for an investigation into the special purpose broker-dealer (SPBD) license given by the U.S. Securities and Exchange Commission (SEC) to Prometheum, a cryptocurrency exchange platform. In two letters sent to U.S. Comptroller General Gene Dodaro and SEC Inspector General Deborah Jeffries, Torres calls for investigation of the “backroom deals” [...]

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Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency

Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this currency could greatly benefit the Lone Star State and, as an alternative digital currency, it could provide Texas residents with the [...]

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