US Senate introduces bill seeking to regulate DeFi like traditional banks
The bill aims at ensuring DeFi protocol operating in the US imposes strict controls on their users. The controls proposed in the bill resemble those that apply to traditional banks.…
NYDFS: Banks must seek approval before engaging with crypto
New York Department of Financial Services published the new guidelines on 15 December 2022. All banking organisations must apply for permission to undertake any crypto activities. The regulatory guidelines are…
Fed tells banks to pay attention to legal aspects before jumping into crypto
The Federal Reserve Board wants to see banks take time to understand the cryptocurrency… The post Fed tells banks to pay attention to legal aspects before jumping into crypto appeared…