Fed: Banks should notify Reserve Board before engaging in crypto activity

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Banks supervised by the Federal Reserve Board should notify the board before engaging in crypto asset-related activity, according to a new supervisory letter.

From the infamous Black Thursday in March of 2020 to the big $1 trillion wipe in May of 2021 and the latest Terra - 3AC - Celsius contagion, which led to the biggest crash this year, market crashes create headaches and lead to stress in CeFi and DeFi alike.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is a step in the right direction for the safety of bank customers and the industry as a whole. It's interesting to see how traditionally centralized financial institutions adapt (or not) to a decentralized world.

Why is the mediaa silent on thiss

Why is the mediaa silent on thiss

There's nothin like itt

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retired teachers seek elusive pension boost as Texas banks $27 billion windfallFueling retiree optimism is the financial stability of Texas’ largest teacher pension...
Source: ExpressNews - 🏆 519. / 51 Read more »

Breakingviews - Banks’ LBO debt hangover may leave lasting scarsLeveraged-finance bankers are nursing a headache after one hell of a party. Bank of America , JPMorgan , Goldman Sachs , Morgan Stanley , Credit Suisse and Deutsche Bank collectively took about $1.5 billion of writedowns in the second quarter on loans they made to highly indebted companies. The hit adds to the case for job cuts.
Source: Reuters - 🏆 2. / 97 Read more »

N.J. Pandemic Relief Fund is shutting down after $65M in COVID grantsThe fund helps groups including food banks, tutoring programs, housing assistance programs and more.
Source: njdotcom - 🏆 282. / 63 Read more »

‎Markets Daily Crypto Roundup: Crypto Update | Can the Crypto Rally Last as a Billion Tokens Burn? on Apple PodcastsWith ether and dogecoin ( DOGE ) gaining as BTC struggles, plus a look at how the cost of convenience of Web2 is often control, CoinDesk’s “Markets Daily” is back with its latest news roundup. Tune in here:
Source: CoinDesk - 🏆 291. / 63 Read more »

Bank of America chief economist sees high chance of mild recession this yearBank of America's new U.S. chief economist has projected that the Federal Reserve will trigger a recession as it hikes interest rates to cool inflation. how bout bank of america shares ? “Bank of America chief economist” is the operative phrase here. 🙄 MILD recession? Too afraid to be honest by saying we are heading lock, stock and barrel into a Dem/RINO created DEPRESSION?! We cannot believe any of these evil Bturds!!!
Source: FoxBusiness - 🏆 458. / 53 Read more »

Bears and Bulls May Both Get Surprised as Stablecoin Supply Surges Past $150 BillionAs crypto market is in anticipation of the next big move, stablecoins grow in supply and trading volume cryptocurrency btc eth xrp usdt shib usdc
Source: Utoday_en - 🏆 295. / 63 Read more »