Digital currencies

Banks can hold stablecoin-related assets for customers, OCC says


The agency issued an interpretive letter on stablecoins two months after permitting institutions to provide wallet services for cryptocurrency holdings.


Crypto exchange Kraken receives Wyoming bank charter


The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state.


OCC allows banks to hold cryptocurrency assets for safekeeping


Responding to an unnamed bank that had sought the opinion, the regulatory agency issued an interpretive letter clarifying that an institution's custody services can be used for cryptographic keys and other digital currency-related assets.


‘The U.S. needs to take digital currency seriously’: Dave Birch


Competition over virtual currency could alter politics and global power structures, potentially to the detriment of the U.S., the author of "The Currency Cold War" argues.


Libra Association names Stuart Levey as CEO ahead of regulatory push


The former Treasury Department official would be the first CEO of the digital currency association, which is seeking payment licenses in the U.S. and Europe.


Mnuchin wants an apology; investors flee Wirecard


Treasury secretary says big firms that took PPP loans should apologize, not just return the money; German fintech’s shares drop 26% as audit fails to rebut accounting fraud allegations.


Digital dollars would deploy financial relief faster


Lawmakers should approve a program to distribute stimulus funds using a government-sanctioned coin, which would be speedier than the current system.


Bank of Canada lays groundwork for digital currency


"We need to move forward to work out what a potential CBDC might look like and how it could be managed, if the decision were ever taken to issue one," Deputy Gov. Tim Lane said, according to the text of remarks to be delivered Tuesday in Montreal.


Staley probed for ties to disgraced financier; Fed picks face Senate panel


Authorities looking into Barclays CEO’s dealings with Jeffrey Epstein; controversial pick Judy Shelton, critics charge, would jeopardize Fed independence.


Fed’s Powell open to more than one Libor alternative


Federal Reserve Chairman Jerome Powell told senators that the central bank is willing to explore a credit-sensitive interest benchmark in addition to the secured overnight financing rate, which some banks say could cause problems during economic stress.