Perficient

NOVEMBER 30, 2021

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

PYMNTS

DECEMBER 7, 2020

It seems to be the case, then, that stablecoins may be regulated to the point where they are an adjunct to fiat – and to the modern monetary system that has been in place for decades – rather than a wholesale replacement. Recently, a BIS study concluded that embedded regulation might offer a solution for stablecoins.

Regulation 192

Regulation United States Cleveland cryptocurrency 192

PYMNTS

JULY 23, 2019

That results in cash dominating legal pot transactions, which then increases the chances of theft and tax evasion, at least according to supporters of the SAFE Banking Act (not all of whom are necessarily 100 percent behind the idea of legalized recreational marijuana). Take California as one example.

Taxes 187

Taxes US California Idaho 187

MyBankTracker

JULY 31, 2020

Both the principal value of the certificate and the interest rate are guaranteed by the bank, and fully covered by FDIC insurance for up to $250,000 per depositor, per bank. And since they are issued by banks, they’re also insured by FDIC. Treasury securities has the advantage of being tax-free for state income tax purposes.

Taxes 52

Taxes Security Marketing FDIC 52