Category: Payments and Banking

ECB: Digital euro survey participants cite privacy, security as key elements

ECB: Digital euro survey participants cite privacy, security as key elements

The European Central Bank said that its public consultation on a proposed digital euro generated more than 8,000 responses.  The online consultation began on October 12 and concluded on Tuesday, according to a statement published today. Full analyses of the findings will be published in spring, prior to when the ECB Governing Council will decide […]

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Crypto custodian Anchorage nabs national bank charter from OCC

Crypto custodian Anchorage nabs national bank charter from OCC

Anchorage has won the race to become the first federally chartered digital asset bank by obtaining a national bank charter from the Office of the Comptroller of the Currency (OCC). The institutional crypto custodian is now on even firmer footing with its designation as a “Qualified Custodian” under the Securities and Exchange Commission’s (SEC) requirements. […]

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Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column examines the most recent interpretive letter on digital assets from the U.S. Office of the Comptroller of the Currency’s (OCC). This research piece is available to members of The Block Genesis. You […]

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Brian Brooks says ‘antiquated rules’ need updates for a future of DeFi and software-based banks

Brian Brooks says ‘antiquated rules’ need updates for a future of DeFi and software-based banks

Acting Comptroller of the Currency Brian Brooks believes regulators need to re-think banking regulations in light of the emergence of decentralized finance (DeFi) applications and use cases. A time in which some banks are entirely composed of software is on the horizon, according to Brooks, and regulators will need to adjust to that reality. Brooks […]

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Former CFTC chair Gary Gensler to be named head of SEC by Joe Biden: report

Former CFTC chair Gary Gensler to be named head of SEC by Joe Biden: report

Gary Gensler, the former Obama-era chairman of the Commodity Futures Trading Commission, is reportedly set to be named as chairman of the Securities and Exchange Commission for the incoming Biden administration. Citing sources with knowledge of the process, Reuters said that the nomination will happen “in coming days.” Gensler was added to Biden’s transition team […]

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Fiat Freeway: Visa adds a novel CBDC Protocol to its Growing Digital Ecosystem

Fiat Freeway: Visa adds a novel CBDC Protocol to its Growing Digital Ecosystem

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column explores Visa’s novel offline payment system (OPS) protocol, which expands the global payments technology company’s fast-growing digital ecosystem into CBDC.   This research piece is available to members of The Block Genesis. You […]

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Simplex bars XRP transactions in wake of SEC’s Ripple lawsuit

Simplex bars XRP transactions in wake of SEC’s Ripple lawsuit

Crypto payment processor Simplex has begun blocking XRP transactions in the wake of the Securities and Exchange Commission’s (SEC) lawsuit against the token’s issuing company Ripple. Simplex’s partners are also no longer accepting XRP transactions with the Simplex integration. Simplex allows users to purchase cryptocurrency with credit cards on a variety of platforms using the […]

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Coming soon to the U.S.: crypto cards, and all the associated tax headaches

Coming soon to the U.S.: crypto cards, and all the associated tax headaches

Quick Take A number of crypto firms are aiming to launch debit and credit cards in the U.S. next year. That’s likely to cause tax-related headaches.  This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.

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