EUR/USD 1.17268
0.243%
Gold 4759.54
-0.124%
Oil 90.663
-1.384%
USD/JPY 159.298
0.203%
GBP/USD 1.34677
0.244%
GBP/JPY 214.543
0.466%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to a report by Irans Fars News Agency, citing its journalists, Iran and the United States failed to reach a consensus on their differences in the latest round of negotiations.According to a report by a correspondent for Iranian state television in Islamabad, talks between Iran and the United States will continue on Sunday.On April 12, local time, the third round of talks between Iran and the United States in Islamabad concluded. Iran described this round as the "last chance" to reach a framework agreement. Since April 11, the two sides had a busy schedule, consulting late into the night, with all parties vying for the temporary ceasefire window and intensifying their maneuvering. However, sharp differences remained on three core issues: control of the Strait of Hormuz, unfreezing overseas assets, and uranium enrichment. Outside the negotiating table, the US military announced mine-clearing operations in the Strait of Hormuz, while the Israeli Prime Minister declared that he would continue to strike Iran and its proxies. With the ceasefire window closing, diplomatic maneuvering and military actions are escalating simultaneously, and the situation in the Middle East is at a crossroads between war and peace.April 12 - According to a statement released by the Iranian government early this morning (April 12) via social media, negotiations with the United States will continue despite some remaining differences. Iranian state television reported that the third round of talks between Iran and the United States concluded earlier, with expert teams from both sides attending and exchanging texts again.Iranian government: Despite some remaining differences, negotiations will continue.

Federal Reserve issues guidance for banks considering crypto activities

Skylar Shaw

Aug 17, 2022 14:34


The U.S. Federal Reserve on Tuesday provided more advise for banks thinking about engaging in cryptocurrency-related operations, highlighting the need for enterprises to inform the Fed beforehand and ensure that anything they do is lawful.


The U.S. Federal Reserve on Tuesday provided more advise for banks thinking about engaging in cryptocurrency-related operations, highlighting the need for enterprises to inform the Fed beforehand and ensure that anything they do is lawful.


In a statement, the Fed stated that although banks may see "potential possibilities" from cryptocurrencies, they should make sure they have mechanisms in place to make sure the volatile assets do not endanger consumer protections or safety and soundness.


Before participating in any crypto-related operations, banks should also inform the Fed, and any institutions that have previously explored crypto projects should inform the Fed about their participation in the digital asset area, the agency said.


Additionally, the Fed urged state member banks to notify their state regulator before engaging in cryptocurrency-related operations.


In the supervisory letter, the Fed advised banks it regulates to take a number of precautions before participating in any crypto-related activity, including as confirming that any proposed operations were lawful and that any necessary filings were required.


In order to guarantee that such ventures were done in a safe and sound way and were compatible with relevant consumer protection regulations, banks should also have proper risk management systems and controls in place before becoming engaged in cryptocurrency, the Fed added.


Just a few days prior, a number of Democratic senators, led by Massachusetts Sen. Elizabeth Warren, demanded that the U.S. Office of the Comptroller of the Currency (OCC) withdraw its previously issued crypto guidance and replace it with "a comprehensive approach in coordination with other prudential regulators."


The Fed and the OCC, two U.S. banking regulators, jointly stated last year that they intended to make it clear in 2022 what kinds of activities banks could engage in involving cryptocurrencies, including whether companies could hold digital assets on their balance sheet and facilitate crypto trades on behalf of clients.

Suggestion