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Stabilizing stablecoins and paving the way for a coordinated and collaborative regulatory approach to cryptocurrencies should become the key focus of American regulators -- and bank regulation could provide stablecoin holders with more confidence and security, according to Michael J. Hsu, Acting Chief of the U.S. Office of the Comptroller of the Currency (OCC).
Among the 327 people who have sat on the governing board of financial regulatory agencies, only 10 have been Black.
Dan Schulman shared his perspectives on going beyond financial inclusivity and boosting financial health through technology.
Digital currency, startups, and other fintech resources could create more banking and lending opportunities for minorities.
Internal Revenue Service (IRS). “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the Treasury said in a press release. “Within the context of the new financial account reporting regime, cryptocurrencies and cryptoasset exchange accounts and payment service accounts that accept cryptocurrencies would be covered. Further, as with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on.” A growing number of Wall Street analysts have sounded...