The FDIC – a federal regulator tasked with overseeing bank stability in the U.S. – protects customers from losing their funds in the event of a bank collapse, insuring up to $250,000 per account. This...
Tag: FDIC
FDIC insurance doesn’t protect Voyager against bankruptcy, says MCB
Barely two weeks after the operating subsidiary of Voyager issued a notice of default to cryptocurrency hedge fund Three Arrows Capital (3AC), the firm itself has now turned in the towel to bankruptcy...
Is Coinbase FDIC insured? | Cryptopolitan
Coinbase users have been in suspense ever since rumors claimed that the cryptocurrency exchange could declare bankruptcy. The ugly turn of events for the public-traded exchange in recent months has le...
Crypto plans of banks should be disclosed to FDIC –
Crypto-related exercises should be reported to The U.S. Government Deposit Insurance Corporation (FDIC) Many banks it manages ought to inform the controller of crypto services on offer It intends to ...
FDIC Asks Thousands of Banks to Disclose Crypto Plans – Regulation Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engag...
FDIC Sounds Alarm on Crypto in Letter to Banks
The U.S. Federal Deposit Insurance Corporation (FDIC) has written to the banks it supervises, raising concerns over the risks involved in crypto activity. “Crypto-related activities may pose signific...
FDIC Issues Warning to US Banks, Says Crypto Assets Could Disrupt Traditional Finance System
The Federal Deposit Insurance Corporation (FDIC) is issuing a warning to US banks over the safety of crypto assets. In a new statement, the regulatory agency says that crypto-related activities may po...
FDIC Asks All Banks to Report Crypto Activities
Under Acting Chair Martin Gruenberg, the banking regulator has issued warnings about the potential for the “rapid introduction of … digital asset products into the financial system” to pose systemic r...
FDIC wants notification on crypto activities across US banks 1
TL; DR Breakdown FDIC wants the bank to notify them of crypto activities The commission will receive a report and issue feedback FDIC wants a transparent regulatory environment The Federal Deposit Ins...
Bureaucrats Need To Stay In Their Lanes
As someone who tried his hand as a bureaucrat (without much success) for a decade, I like to think that I at least learned a few lessons during my tenure in government. For starters, I discovered that...
FDIC Acting Chairman Names Crypto As Top Priority for Risk Evaluation in 2022
A top US banking regulator is prioritizing the risk evaluation of crypto asset-related activities in 2022. In a new statement, acting chairman of the Federal Deposit Insurance Corporation (FDIC) Marti...
Top 7 Types Of Investments For 2022: Explained
getty Key Takeaways 2022 is set up to be an interesting year. Inflation is running rampant, interest rates are set to rise and the stock market is still topsy-turvy. One of the best ways to navigate ...
FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’ – Regulation Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid introduction of a variety of crypto-asset or digital asset products int...
FDIC Acting Chairman prioritizes crypto in 2022, here’s what might be coming
Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg announced the key priorities for the year ahead. Among other pressing issues that were included in the 2022 agenda, the...
FDIC to Make Assessing Risks of Crypto a ‘Priority’ for 2022
The Federal Deposit Insurance Corporation (FDIC) has said that crypto—and specifically the risks involved in the crypto industry—will be a priority area of focus for 2022. “The rapid introduction of ...
Evaluating Crypto-Asset Risks Will be Top Priority in 2022, Says FDIC Report
The Federal Deposit Insurance Corporation (FDIC) has listed evaluating crypto asset risks as one of its top priorities for the year. In addition to evaluating risks related to crypto, other priorities...
Anchorage Closes in on FDIC Crypto Custodian Deal, Documents Show
Digital assets are growing more commonplace on the balance sheet of banks in the U.S. Eventually one of these institutions may fail, and the Federal Insurance Deposit Corporation (FDIC) will need to s...
FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools
In the upcoming tech sprint, which doesn’t yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectivenes...
Trump-Appointed Chairman’s Resignation Hands Control of FDIC to Democrats
WASHINGTON— Jelena McWilliams’s decision to resign as chairman of the Federal Deposit Insurance Corp. paves the way for Democrats to gain control of the agency’s agenda in the coming weeks, potentiall...