Banking Regulation

banking regulation

Policy

Taiwan Set to Ban Crypto Purchases Using Credit Cards: Report

The country's financial regulator sent a letter to the banking association asking credit card companies to stop taking on crypto firms as merchants.

By Sandali Handagama

Jul 22, 2022 at 8:41 a.m. UTC

Jul 22, 2022

RegulationsTaiwanBanking RegulationPolicy

Policy

Regulations

Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes

Holdings of unbacked crypto like bitcoin and algorithmic stablecoins would be limited to 1% of a lender’s capital under the standard setter's new plans put out for consultation Thursday.

By Jack Schickler

Jun 30, 2022 at 10:56 a.m. UTC

Jun 30, 2022

RegulationsBISBank of International SettlementsBankingBanking RegulationBitcoin

Policy

Occ

US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach

Acting Comptroller of the Currency Michael Hsu says the industry’s recent drama makes his agency more confident about limiting banks’ exposure to crypto.

By Jesse Hamilton

Jun 23, 2022 at 7:30 p.m. UTC

Jun 23, 2022

OCCBanking RegulationRegulation

Policy

Avanti

Crypto Bank Custodia Sues Federal Reserve

The bank founded by Morgan Stanley veteran Caitlin Long filed suit against the U.S. central bank for delaying a decision on its application for a master account.

By James Rubin

Jun 7, 2022 at 11:09 p.m. UTC

Jun 7, 2022

AvantiCaitlin LongWyomingFederal ReserveLawsuitBanking Regulation

Policy

Regulations

Crypto Banking Rules Now Due This Year From Basel Committee

The group cited recent turmoil in pushing ahead with its plans, which previously saw opposition from major lenders like JPMorgan Chase.

By Jack Schickler

May 31, 2022 at 3:30 p.m. UTC

May 31, 2022

RegulationsBanking RegulationBanking

Policy

Argentina

Argentina's Central Bank Bans Lenders From Offering Crypto Services

The announcement on Thursday afternoon comes after the IMF last month approved a $45B loan facility for Argentina that stipulated the country would discourage the use of cryptocurrencies.

By Andrés Engler

May 5, 2022 at 8:33 p.m. UTC

May 5, 2022

ArgentinaCentral BankBanking Regulation

Policy

European banking authority

Banks Don’t Need Extra Crypto Protections Yet, EU Regulator Says

The European Banking Authority said it will start work this year to map out crypto activities and spot new financial risks.

By Jack Schickler

Apr 29, 2022 at 4:07 p.m. UTC

Apr 29, 2022

European Banking AuthorityEUBanking Regulation

Layer 2

Ukraine

Monetary Weapons: 4 Lessons from Canada and Russia

The traditional financial system is a tool that can be used both against fellow citizens and despicable enemies.

By Marcelo Prates

Mar 3, 2022 at 11:10 p.m. UTC

Mar 3, 2022

UkraineCanadaRussiaBanking RegulationRegulation

Layer 2

Bitcoin

Bitcoiners Were Right: Weaponized Finance Just Created a Post-Dollar Planet

A wave of sanctions hitting Russia highlights the complex web of connections that make up contemporary global society – and its ultimate fragility.

By David Z Morris

Mar 2, 2022 at 7:10 p.m. UTC

Mar 2, 2022

bitcoinrussiasanctionsukraineSWIFTBankingBanking RegulationOFAC

Policy

Fdic

New FDIC Acting Chair Says Evaluation of Crypto Risks Is a Top Priority for 2022

Martin Gruenberg said agencies like the FDIC need to provide “robust guidance” to the banking industry on how to manage the risks to consumers posed by crypto assets.

By Nelson Wang

Feb 7, 2022 at 5:10 p.m. UTC

Feb 7, 2022

FDICBanking Regulation