Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$22,948.00-1.43%
  • ethereumEthereum$1,651.85-1.31%
  • xrpXRP$0.399179-1.27%
  • bitcoin cashBitcoin Cash$131.58-3.46%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

US Regulators Must Work On Rules To Enable Banks Hold Cryptos – FDIC Chair

John Wanguba by John Wanguba
October 28, 2021
in Crypto news, Regulation
Reading Time: 4min read
US Regulators Must Work On Rules To Enable Banks Hold Cryptos - FDIC Chair
Rate this post

Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), has called for a regulatory framework that enables banks and customers to hold and operate with cryptos.

It is worth noting that Mc Williams’ sentiments appear barely a few days after the world’s largest economy had its first Bitcoin Futures ETF.

US Banks To Hold Crypto?

A few years ago, banks and cryptocurrencies were two mutually exclusive terms. Indeed, bank heads and other prominent people in the banking sector even refused to acknowledge the mere existence of digital assets.

But, the awful perceptions about crypto started to change earlier this year, with the BNY Mellon, the oldest bank in the United States, offering Bitcoin custodial services. Since then, many other notable banks and former well-known crypto critics such as JPMorgan and Goldman Sachs have also followed and launched pro-digital assets initiatives.

According to McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), US banks can move a step further.

In her speech, McWilliams urged regulators in the United States to establish a framework that would enable banks to hold cryptocurrencies. In the same context, the chair revealed that some local authorities have already started working on a roadmap for banks that may soon enhance their engagement with cryptocurrencies.

The regulatory framework in progress includes clear rules on how banking institutions can hold digital assets in custody. McWilliams also cautioned that other organizations could take this opportunity if banks were not permitted:

 “If we don’t bring this activity inside the banks, it is going to develop outside of the banks. The federal regulators won’t be able to regulate it.”

Before summarizing, McWilliams confirmed the successful partnership of FDIC with the Federal Reserve and the Office of the Comptroller of the Currency in this transformative initiative.

Jelena McWilliams. Source: FDIC
Jelena McWilliams. Source: FDIC

The Latest US-Crypto Developments

With some countries separated in perception about digital assets in two major teams, the pro-crypto such as El Salvador and anti-crypto like China, all eyes were focused on the United States to determine its perception about cryptos.

The world’s biggest superpower economy was somewhat indecisive, with many digital asset proponents blaming authorities over lack of actions while other nations continued to launch crypto ETFs and adopt digital assets.

But astonishingly, the digital assets garnered regulatory clarity after FED Chair Jerome Powell confirmed that the country had no imminent plans to follow China’s path and ban digital assets. Gary Gensler, the SEC boss, later reiterated Powell’s stance.

Later, news broke that the first-ever Bitcoin Futures ETF went live in the United States last week after many years of waiting. Shortly after, the Wallstreet investment banking giant also acquired regulatory approval for its Futures ETF. Meanwhile, the crypto community still anticipates the release of the first spot-based BTC ETF.

Like what you're reading? Subscribe to our top stories
Tags: BankingBanksBitcoinBitcoin ETFBTCc ryptocurrencyChinacryptocrypto communityEl SalvadorFDICFederal Deposit Insurance CorporationGary GenslerRegulationUSUS Bank

Related Posts

Crypto-Related Enforcement Actions By US States Increased Steeply In 2022 – Report
Crypto news

Crypto-Related Enforcement Actions By US States Increased Steeply In 2022 – Report

February 3, 2023
Alameda Research Wallet Gets $13M From Bitfinex And Other Sources
Crypto news

Alameda Research Wallet Gets $13M From Bitfinex And Other Sources

February 3, 2023
Chinese Chipmakers Entangled In U.S.-China Tech Feud
FX Industry

Chinese Chipmakers Entangled In U.S.-China Tech Feud

February 3, 2023
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.