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Digital assets are growing more commonplace on the balance sheet of banks in the U.S. Eventually one of these institutions may fail, and the Federal Insurance Deposit Corporation (FDIC) will need to step in to clean things up.Cue Anchorage, a digital assets custodian, and the first crypto startup to receive
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The consortium has been in dialogue with several regulatory bodies, including the Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC, since before the announcement, Wade Perry, chief administration officer at FirstBank said on CryptoX TV. However, he did not respond to a question about the
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In the upcoming tech sprint, which doesn't yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e. not in person) present themselves for financial activities are
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