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Financial Stability Oversight Council

Top US Regulators Urge Congress to Pass Legislation on Crypto Assets

Top US Regulators Urge Congress to Pass Legislation on Crypto AssetsThe U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial stability if their interconnections with the traditional financial system or their overall scale were to […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor

Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency AdvisorFollowing the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver will be the bureau’s new crypto expert and she brings “a wealth of digital currency […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise