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OIG highlights challenges facing FDIC

OIG highlights challenges facing FDIC

Deposit protection body faces risks emanating from both traditional and digital financial markets
FSB highlights risks of DeFi to financial stability

FSB highlights risks of DeFi to financial stability

International body suggests crypto-based decentralized finance may amplify risks
UK Seeks CBDC Expertise for ‘Digital Pound’

UK Seeks CBDC Expertise for ‘Digital Pound’

The UK’s treasury department is advertising for three roles as it explores the potential of cryptocurrencies
Crypto Bank Denied Access to Federal Reserve System

Crypto Bank Denied Access to Federal Reserve System

Wyoming-based Custodia Bank’s request was “inconsistent with the required factors under the law”, the Fed said
Crypto Fallout Continues as Banks Seek to Reassure Investors

Crypto Fallout Continues as Banks Seek to Reassure Investors

NY-based Signature hits out at media coverage while Silvergate Bank cuts headcount to manage costs
FTX-Linked Bank Exits Crypto Markets

FTX-Linked Bank Exits Crypto Markets

Farmington State Bank plans return to community banking roots after crypto platform’s collapse
Could CBDCs Restore Faith in Crypto Markets?

Could CBDCs Restore Faith in Crypto Markets?

A new report suggests a well-designed central bank-backed digital currency could help drive innovation and improve payment systems
NY Bank Pulls Out of Crypto After 2022 Turmoil

NY Bank Pulls Out of Crypto After 2022 Turmoil

Pivot away from digital assets has been in the works since 2017, says Metropolitan Commercial’s CEO
Regulators to Banks: Crypto Is a Contagion Risk

Regulators to Banks: Crypto Is a Contagion Risk

Regulators have started 2023 with warnings surrounding investment in crypto for banks
SPAC Targets Bank in Blockchain Push

SPAC Targets Bank in Blockchain Push

San Francisco-based acquisition company in talks to buy a bank holding company
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