Digital currencies

‘Wall Street’s ledger systems don’t keep honest track of who owns what’

11/04/19

Caitlin Long, member of the Wyoming Blockchain Task Force, explains why the state has enacted 13 blockchain laws and what they mean for fintechs and banks.

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Where does Facebook’s digital currency project stand after Zuckerberg testimony?

10/28/19

American Banker Capitol Hill reporter Neil Haggerty shares how the D.C. community reacted to Mark Zuckerberg’s congressional testimony and how they look at the project now.

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Zuckerberg makes his case to Congress; GAO opinion could help banks

10/24/19

Facebook CEO says the company won’t purse Libra anywhere if U.S. regulators disapprove; the agency says “guidance” was actually “rules.”

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OCC loses fintech charter case; Zuckerberg to defend Libra

10/23/19

A federal judge says the agency can’t issue national bank charters to fintechs; Facebook’s CEO will state his case at a House hearing.

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Zuckerberg tries to distance Facebook from Libra effort

10/22/19

With the social media giant under heavy scrutiny for its cryptocurrency plan, the company's CEO plans to tell lawmakers that the Libra Association will take the lead.

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Dimon says Libra 'will never happen'

10/18/19

The JPMorgan Chase CEO called Facebook's cryptocurrency project a "neat idea" but added his name to the list of industry leaders and policymakers skeptical about the plan.

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CECL delay won’t end opposition; Positive side of BofA’s results

10/17/19

The banking industry will continue its fight against the credit-loss rule; the bank posted gains in consumer, wealth management and commercial lending.

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'I don't think we can ignore digital currency'

10/15/19

Banks shouldn't let the legal and regulatory hurdles deter them, attorney Felix Shipkevich says.

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Experimenting with digital currencies; Questioning SOFR

09/24/19

Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.

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Why Wells Fargo is jumping on the digital currency bandwagon

09/17/19

It's not a reaction to JPM Coin, the banks says, but a way to speed up international payments for corporate clients.

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