News stories tagged stablecoins
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CFPB Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will only widen, eyeing the payments ambitions of the biggest platforms, and whether new payment types...
FSOC: Stable coin risks should be addressed
(Dec. 23, 2021) Regulators should take appropriate actions within their jurisdictions to address risks associated with digital assets like stablecoins, while continuing to coordinate and collaborate on issues of common...
BRIEFLY: FCU boards may continue to meet virtually; Fed gov cool to only CU, bank issuance of stable coins; Controversial OCC designee faces confirmation hearing
(Nov. 19, 2021) Flexibility for board meetings originally extended to FCUs during the height of the coronavirus crisis will be extended in the new year, NCUA said this week. In...
Report calls for only federally insured CUs, banks to be stablecoin issuers
(Nov. 5, 2021) Payment stablecoins and their arrangements should be subject to a federal regulatory framework on a consistent and comprehensive basis through an act of Congress – including by...