Connect with us

Hi, what are you looking for?

News

Federal Agencies Crafting Rules Around Banks and Cryptocurrencies

Federal Agencies Crafting Rules Around Banks and Cryptocurrencies

A group of U.S. federal agencies on Tuesday said they plan next year to begin delineating how banks can legally get involved in the growing field of cryptocurrencies.

The agencies will focus on what activities banks can legally participate in, and outline rules to ensure safety, consumer protection and compliance with existing laws, said the joint statement from the Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.

You May Also Like

Health

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

World

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

World

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...

Sports

Greater than 100 Broncos previous and current had been among the many 500 who attended the ceremony Monday in Atlanta that honored Thomas, who...