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News Explorer — Federal Reserve to Require Advance Approval of Digital Asset Operations
The U.S. Federal Reserve has introduced a new program to oversee banks’ crypto activities, requiring lenders to obtain approval before engaging in digital asset activities. The program, called the novel activities supervision program, will involve the Fed’s specialized experts in digital assets working alongside regular supervisors. Banks issuing, holding, or transacting in dollar tokens for payments must prove their ability to do so safely and soundly and obtain formal approval from the Fed.
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Coindesk
Federal Reserve to Require Advance Approval of Digital Asset Operations
The U.S. Federal Reserve has introduced a new program to oversee banks’ crypto activities, requiring lenders to obtain a… Read Summary
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Aug 8, 1:57 pm
Decrypt
Feds Still Plan to Charge Sam Bankman-Fried With Campaign Finance Violations
Prosecutors have confirmed that disgraced crypto mogul Sam BankmanFried will still face seven criminal charges, includin… Read Summary
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Elon Musk’s attorneys have requested the dismissal of a revised complaint filed by a group of disgruntled Dogecoin inves… Read Summary
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www.bloomberg.com
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JPMorgan believes that the launch of PayPal’s stablecoin could benefit Ethereum by increasing its total value locked and… Read Summary
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Aug 8, 9:06 am
Protos
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Aug 8, 8:18 am
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Aug 8, 1:58 am
Decrypt
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Aug 8, 1:28 am
Blockworks
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Singapore’s central bank has granted major payment institution licenses to crypto exchanges Blockchain.com and Crypto.co… Read Summary
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Aug 8, 12:26 am
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Bitstamp, the Luxembourg-based crypto exchange, is actively seeking fresh funding to accelerate its growth and provide n… Read Summary
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Aug 7, 10:54 pm
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Crypto Whale Makes Massive Huobi Deposit, Increasing USDT Supply to 273 Million
On-chain data ahows that a whale has made significant deposits into Huobi, increasing the exchange’s holdings of USDT an… Read Summary
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Aug 7, 7:12 pm
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Bitdeer Technologies, a Singapore-based Bitcoin mining firm founded by Jihan Wu, has completed the construction of a min… Read Summary
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Aug 7, 2:36 pm
Decrypt
PayPal’s PYUSD Stablecoin Launch Is a Big Deal. Here’s Why
PayPal’s entry into the stablecoin market with the launch of PayPal USD has received mixed reactions. While some see it… Read Summary
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