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Cryptocurrencies: 22845
Markets: 83121
Market Cap: $1,975,203,902,777     
24h Vol: $64,901,144,366
CryptoGlobe 2022-11-12 02:41:46

‘Payment Stablecoins’ Could Lead to ‘Disintermediation of Traditional Banks’, Says Acting FDIC Chair

‘Payment Stablecoins’ Could Lead to ‘Disintermediation of Traditional Banks’, Says Acting FDIC Chair
In a recent speech, Martin J. Gruenberg, who has been the Acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Board of Directors since 5 February 2022, shared his thoughts on “the prudential regulation of crypto–assets.” Here is how Wikipedia describes the FDIC: “The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that
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