Authorities claim that the individual established a counterfeit website modeled after the widely recognized NFT marketplace, with the intention of fraudulently acquiring digital art collectibles from unsuspecting victims.
National banks and federal savings associations (FSAs) that want to offer cryptocurrency must go through rigorous vetting processes.
According to Alex Fowler and Patrick Murck of Transparent Systems, the issuers of stablecoins like Tether and USDC constitute a new rentier class that is sapping value from the DeFi system.
The Office of the Comptroller of the Currency (OCC) today published a letter confirming that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in certain cryptocurrency, distributed ledger, and stablecoin activities.
The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks' and federal savings associations' authority to provide cryptocurrency custody services for customers. Federally Chartered Banks and Thrifts May Provide Custody Services For Crypto Assets | OCC
In his remarks, Acting Comptroller Hsu described the approach taken by the Office of the Comptroller of the Currency (“OCC”) to cryptocurrency to ensure the safety and soundness of the federal banking system.
Another solution, also available for users, is storing the private keys offline, on a hard disk, or another device which has no connection to the internet. On the other hand, the users could still lose these types of physical keys, and in that case, the recovery of cryptocurrency assets might be impossible.
Center on Regulation and Markets will convene the third event of our series on regulating digital assets. Keynoting will be New ...
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2nd video and still excited to be here! In this video I discuss the pending stablecoin legislation, why it is much needed in our space ...