Federal Reserve Faces Criticism for Potential Disruption of Stablecoin Regulations
A recent supervisory communication from the Federal Reserve concerning the utilisation of dollar tokens, like stablecoins, for facilitating payments by state member banks, has ignited controversy among members of Congress on Monday, August 28th. The Federal Reserve recently issued a set of guidelines for state member banks, stipulating the necessity of obtaining written supervisory nonobjection […]
A Lot More Required for CBDC Adoption to Take Off In Emerging Markets
Original Source: PYMNTS.com It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges, lest they risk “severe regulatory sanctions.” In a statement, the bank said the directive, which saw Binance and other exchanges halt deposits […]