Nebraska Lawmaker Introduces Bills That Would Permit Banks to Custody Crypto
Senator Mike Flood hopes to pass the bill in order to make Nebraska a financial technology hub and create new jobs. Source
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Banks
Australian Bitcoin Trader Takes Banks to Tribunal After Sudden Account Closures
The trader had operated a registered digital currency exchange, but said he was unable to continue operating without banking services. Source
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Michael Casey: Bitcoin Is a Warning for Central Banks
Another week, another lifetime lived: The U.S. President impeached, again. Worldwide COVID-19 deaths close in on 2 million. Bitcoin surges to a record high above $42,000, promptly plunges to almost below $30,000 and then begins a late-week rally above $36,000.Meanwhile, the crypto community has been grappling with some contentious regulatory proposals
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Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie
With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce. European Central Bank President Christine Lagarde says bitcoin needs to be regulated. (European Central Bank, modified
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Digital ruble could be still vulnerable to fraud, Russian banks warn
Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions.The Association of Russian Banks, or ARB, has released its official feedback on Russia’s digital ruble project on Jan. 13. The study included 17 ABR credit institutions in Russia
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Crypto Regulation: Banks Can Use Public Blockchains
A new interpretive letter from the Office of the Comptroller of the Currency paves the way for stablecoins and public blockchains to be fully integrated in the financial infrastructure. This episode is sponsored by Nexo.io.Yesterday, the Office of the Comptroller of the Currency released Interpretive Letter 1174. The letter allows
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LCX Exchange Gets Licensed in Liechtenstein to Help Banks Create Their Own Digital Assets
Crypto exchange LCX has been granted eight out of the 11 crypto-related licenses in Liechtenstein, expanding its security-token services and allowing the company to continue operating in the region.The licenses make LCX a regulated crypto exchange, digital asset custody provider, price oracle provider, digital asset compliance provider, smart-contract creator and
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Crypto Markets Jump on OCC Approval for Banks to Use Blockchains
Cryptocurrency prices jumped Monday evening after the U.S. Office of the Comptroller of the Currency (OCC) issued a letter approving U.S. banks to use public blockchain networks. Ether jumped nearly 12% on the letter’s release, given Ethereum’s dominance as a stablecoin payment settlement protocol. Bitcoin also gained 5% and both
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OCC Says Banks Can Issue Payments Using Stablecoins
Federally regulated banks can use stablecoins to conduct payments and other activities, the Office of the Comptroller of the Currency (OCC) said Monday.The federal banking regulator published an interpretive letter addressing whether national banks and federal savings associations could participate in independent node verification networks (INVNs, otherwise known as blockchain
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Central Banks Gone Wild! Feat. Bill Barhydt
The founder of mobile crypto bank Abra discusses the massive expansion of global central bank balance sheets.Bill Baryhdt is the CEO of Abra, a mobile crypto banking app. In this discussion with NLW, Bill talks about the year in bitcoin and why the mass expansion of central bank balance sheets
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