Banking Regulation

An FDIC sticker on the door of a Chase Bank branch in New York (Ben Schiller/CoinDesk)
US FDIC Said to Be Studying Deposit Insurance for Stablecoins
So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail.
An FDIC sticker on the door of a Chase Bank branch in New York (Ben Schiller/CoinDesk)

FRANKFURT AM MAIN, GERMANY MARCH 27: (BILD ZEITUNG OUT) Sculpture with the euro logo in front of the European Central Bank building on March 27, 2020 in Frankfurt am Main, Germany. (Photo by Mario Hommes/DeFodi Images via Getty Images)
Digital Euro Isn’t Guaranteed After Experiment, ECB Advisor Says
The European bank’s two-year digital euro experiment will focus on a retail CBDC.
FRANKFURT AM MAIN, GERMANY MARCH 27: (BILD ZEITUNG OUT) Sculpture with the euro logo in front of the European Central Bank building on March 27, 2020 in Frankfurt am Main, Germany. (Photo by Mario Hommes/DeFodi Images via Getty Images)

Sydney, Australia. (Johnny Bhalla/Unsplash)
Australian Crypto and Remittance Businesses Face ‘Debanking,’ Senate Committee Hears
Australian banks stand accused of engaging in “anti-competitive” behavior by denying their services to local crypto businesses.
Sydney, Australia. (Johnny Bhalla/Unsplash)

Bank of Korea
South Korean Banks to 'Review' Partnerships With Crypto Exchanges
There are no guarantees that even the "Big 4" Korean crypto exchanges will survive the imminent regulatory tidal wave.
Bank of Korea

Texas' state bank regulator said existing regulations allow its chartered institutions to provide crypto custody services.
Texas State Regulator Greenlights Banks to Custody Crypto
A June 10 notice from the Texas Department of Banking told state-chartered banks they can work with crypto companies.
Texas' state bank regulator said existing regulations allow its chartered institutions to provide crypto custody services.

wall street
Wall Street Bank CEOs to Mention Crypto Before Congressional Banking Panels This Week
“We continue to closely and actively follow developments around cryptocurrencies,” said Wells Fargo CEO Charles Scharf in a statement.
wall street

Former Acting Comptroller of the Currency Brian Brooks
New OCC Chief Signals Greater Caution on Crypto
"We created an Office of Innovation, updated the framework for chartering national banks and trust companies, and interpreted crypto custody services as part of the business o...
Former Acting Comptroller of the Currency Brian Brooks

occ logo
OCC Halts Fair Access Banking Rule
The rule would have prohibited U.S. banks from denying services based on ideological factors.
occ logo

U.S. Rep. Rashida Tlaib
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC i...
U.S. Rep. Rashida Tlaib

First Deputy Comptroller Brian Brooks speaks at CoinDesk's Consensus: Distributed. (CoinDesk archives)
Coinbase's Ex-Lead Lawyer Sold $4.6M in Stock to Head US Banking Watchdog
Brian Brooks left Coinbase to lead the U.S. Office of the Comptroller of the Currency last month.
First Deputy Comptroller Brian Brooks speaks at CoinDesk's Consensus: Distributed. (CoinDesk archives)