cryptocurrency FDIC National Regulation 
Perficient
DECEMBER 27, 2023
This particular scam involves criminals building trust with victims in digital relationships before persuading them to invest in cryptocurrency platforms, ultimately leading to financial losses. Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes.
PYMNTS
JANUARY 7, 2019
In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. The statement comes as cryptocurrencies are still not being recognized as legal tender. In the U.S.,
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Perficient
FEBRUARY 16, 2022
Cryptocurrency continues to grow, and Perficient is committed to helping financial services clients continue to understand and navigate this fast-changing part of the economy. Although not stated, FDIC insurance of stablecoin deposits would almost have to be required. Further Reading.
CFPB Monitor
MARCH 10, 2022
President Biden has signed an Executive Order intended to respond to the explosive growth in digital assets, including cryptocurrencies. Such other agencies include the CFPB, FTC, Federal Reserve Board, FDIC, and OCC. It is chaired by the Secretary of the Treasury and the CFPB Director serves as Vice-Chair.). .
PYMNTS
OCTOBER 25, 2019
The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ).
PYMNTS
JANUARY 30, 2018
In addition, the SEC alleges AriseBank “falsely stated that it purchased [a Federal Deposit Insurance Corporation]-insured bank, which enabled it to offer customers FDIC-insured accounts.” In response to the complaint, the firm said it amended its announcement about the bank. The news comes as the SEC has grown increasingly wary of ICOs.
CFPB Monitor
NOVEMBER 29, 2021
Federal banking regulators have been busy in this space. Accordingly, “it is important that [the Agencies] provide coordinated and timely clarity where appropriate to promote safety and soundness, consumer protection, and compliance with applicable laws and regulations, including [AML] and illicit finance statute and rules.”
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