Key takeawaysThe GENIUS Act was designed to keep stablecoins as payment tools rather than savings products. As a result, it ...
The Banking Policy Institute wants lawmakers to further fine-tune the GENIUS Act to prevent any possibility of interest-bearing stablecoins. The US banking lobby isn’t keen on interest-bearing ...
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U.S. community banks warn GENIUS Act loophole threatens financial stability
The Bank Policy Institute argued that, despite the GENIUS Act, illicit actors still have opportunities to exploit digital ...
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ICICI Bank Fraud: Employee Siphons Over Rs 4.5 Crore, Experts Urge RBI Action on Banking Loopholes
In wake of revelations that a female employee of ICICI Bank illegally withdrew crores of rupees from more than 100 customer accounts, including fixed deposits (FDs), financial experts have called on ...
A group of community bankers in the US has asked lawmakers to ban third parties from offering stablecoin rewards, claiming ...
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