- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
The Federal Deposit Insurance Corporation (FDIC) is developing Tokenization of Deposit Insurance Guidance
BlockBeats News, November 14th. According to Bloomberg, the Federal Deposit Insurance Corporation (FDIC) is reportedly developing guidelines for tokenized deposit insurance to help financial institutions expand their digital asset businesses. FDIC Acting Chairman Travis Hill stated that the movement of deposits from the traditional financial world to the blockchain or distributed ledger world should not change their legal nature.
The current market focus is on how non-directly FDIC-insured fintech companies would fully compensate consumers if their funds are compromised. Many fintech companies, although partnering with FDIC-insured banks to offer products covered by "pass-through deposit insurance," may face challenges in providing effective consumer protection if the cooperating third party goes bankrupt.
You may also like
Revolut Pursues Banking Expansion in Peru Amid Latin America Remittance Strategies
Key Takeaways Revolut seeks a banking license in Peru as part of its strategic expansion across Latin America,…
CLARITY Act Stalls: Why Has the Interest-Bearing Stablecoin Become a Bank’s “Thorn in the Side”?
Key Takeaways The debate surrounding the CLARITY Act is primarily focused on interest-bearing stablecoins and their implications for…
South Korea considers changing the one-bank rule for crypto exchanges: An In-depth Review
Key Takeaways: South Korea is examining the current “one exchange–one bank” model amidst concerns of market concentration, potentially…
Hungary and Portugal Block Polymarket Prediction Market Amid European Crackdowns
Key Takeaways: Hungary and Portugal have moved to restrict access to Polymarket, increasing regulatory pressures on crypto-based prediction…
Hong Kong Association Highlights Risks in Crypto Licensing Framework
Key Takeaways The Hong Kong Securities & Futures Professionals Association (HKSFPA) warns that new crypto licensing may lead…
India Central Bank Suggests BRICS CBDC Link-Up As Members Explore Alternatives to Dollar Rails
Key Takeaways India’s central bank proposes a CBDC connectivity initiative for the upcoming 2026 BRICS summit. This move…
Venezuelan Man Faces 20 Years for Alleged $1B Crypto Money Laundering Scheme
Key Takeaways Jorge Figueira, a Venezuelan national, is accused of operating a complex international money-laundering network using cryptocurrency.…
Anchorage Digital Prepares for IPO with Significant $400M Fundraise
Key Takeaways Anchorage Digital is actively seeking to raise $200 million to $400 million in new funding, with…
The opening price is expected to drop by 75%, perhaps the first project to be rug pulled this year.
Traveling? ‘Evil Twin’ WiFi networks can steal crypto passwords
Key Takeaways “Evil Twin” WiFi attacks occur when hackers mimic legitimate WiFi networks to steal sensitive user data.…
Senate Judiciary Leaders Push for Revisions in Crypto Bill
Key Takeaways Senate Judiciary chair Charles Grassley and top Democrat Richard Durbin express concerns about the crypto market…
Predicting the market does not predict the truth; it simply rewards those who guess right
Trump Waves Hand, Stirs Venezuela's Game Hurricane
The Genius Stopping Law: Why Did Coinbase Backpedal at the Eleventh Hour?
Fact Check: How Much Money Did the University of Chicago Lose in its Crypto Investment?
$200K Annual Salary Hiring, Predicting Market Will See Wall Street Players
Bitchat Downloads Surge in Uganda as Government Implements Internet Shutdown Before Elections
Key Takeaways: Uganda’s government enforced an internet blackout ahead of elections, pushing citizens to download Bitchat, a decentralized…
a16z Secures $15 Billion: Redefining Venture Capital Through Visionary Storytelling
Key Takeaways a16z Raises Capital: The firm has raised an astronomical $15 billion, marking a significant point in…
Revolut Pursues Banking Expansion in Peru Amid Latin America Remittance Strategies
Key Takeaways Revolut seeks a banking license in Peru as part of its strategic expansion across Latin America,…
CLARITY Act Stalls: Why Has the Interest-Bearing Stablecoin Become a Bank’s “Thorn in the Side”?
Key Takeaways The debate surrounding the CLARITY Act is primarily focused on interest-bearing stablecoins and their implications for…
South Korea considers changing the one-bank rule for crypto exchanges: An In-depth Review
Key Takeaways: South Korea is examining the current “one exchange–one bank” model amidst concerns of market concentration, potentially…
Hungary and Portugal Block Polymarket Prediction Market Amid European Crackdowns
Key Takeaways: Hungary and Portugal have moved to restrict access to Polymarket, increasing regulatory pressures on crypto-based prediction…
Hong Kong Association Highlights Risks in Crypto Licensing Framework
Key Takeaways The Hong Kong Securities & Futures Professionals Association (HKSFPA) warns that new crypto licensing may lead…
India Central Bank Suggests BRICS CBDC Link-Up As Members Explore Alternatives to Dollar Rails
Key Takeaways India’s central bank proposes a CBDC connectivity initiative for the upcoming 2026 BRICS summit. This move…
App