The consortium has been in dialogue with several regulatory bodies, including the Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC, since before the announcement, Wade Peery, chief administration officer at FirstBank said on CoinDesk TV. He said that the “underlying deposit account is subject to FDIC insurance.” Source link … [Read more...] about FDIC Still Unclear if USDF Stablecoin Is FDIC-Insurable
FDIC
FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools
In the upcoming tech sprint, which doesn't yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e. not in person) present themselves for financial activities are who they claim to be.” Source link … [Read more...] about FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools