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Nalezeno "Banking system": 115

ECB Advisor: Stablecoins Risk Upending the European Banking System


Jürgen Schaaf, Advisor to the Senior Management of Market Infrastructure and Payments at the ECB, has warned about the potential impact of stablecoins in Europe, claiming that they could weaken the banking system by diverting deposits to decentralized alternatives. ECB Adviser Jürgen Schaaf Warns...

OCC Declares US Banking System ‘Well Positioned’ to Embrace Crypto


The U.S. banking system is officially primed for a digital evolution as the OCC confirms its readiness to support blockchain, stablecoins, and crypto-powered financial services. OCC Endorses Crypto Future for US Banks, Calling System ‘Well Positioned’ The Office of the Comptroller of the Currency...

US Treasury wants to cut off Huione over ties to crypto crime


The US Treasury Department wants to block the Cambodia-based Huione Group from accessing the US banking system, accusing it of helping North Korea’s state-backed Lazarus Group to launder its crypto.The Treasury's Financial Crimes Enforcement Network (FinCEN) proposed on May 1 to prohibit...

US Treasury wants to cut off Huione over ties to crypto crime


The US Treasury Department is seeking to bar the Cambodia-based Huione Group from accessing the American banking system, accusing the company of helping North Korea’s state-sponsored Lazarus Group launder cryptocurrency.The Treasury’s Financial Crimes Enforcement Network (FinCEN)...

Stablecoin Legislation Must Respect the Dual-Banking System


The Lummis-Gillibrand stablecoin bill subordinates state regulation to federal control, giving Washington too much power as to which entities can issue these important digital assets, say Jack Solowey and Jennifer J. Schulp at the Cato Institute

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