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Citi, TD, Wells Fargo among banks testing regulator-friendly blockchain

Citi, TD, Wells Fargo among banks testing regulator-friendly blockchain
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Does the Fed need Congress to authorize a central bank digital currency? Maybe not.

The central bank believes it needs authorization to issue a digital dollar, but others say the hurdles to implementation are much lower. ....

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The Fed's master account list is coming, but banks still want to know more

A provision of last month's defense spending bill requires the Federal Reserve to maintain a public database of master account holders and applicants, but with days left on a pre-existing comment period, banks and researchers are hoping for greater transparency. ....

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Banks, fintechs both want more transparency for Fed master accounts

As the central bank considers publishing a list of account holders and applicants, parties on both sides of the industry would like it to go even further. ....

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Banking groups plead with Biden administration for bigger crypto role

Bank advocates say that stark government scrutiny of bank forays into digital assets has been misplaced and that if the administration would like to see responsible innovation in crypto, the banking system could be the place to do it. ....

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