Hong Kong Opens Stablecoin Licensing: Banks and Brokers Rush In
On August 1, Hong Kong’s Stablecoin Ordinance officially came into effect. The HKMA released detailed licensing guidelines covering capital, custody, KYC, reserves, and governance requirements.
B...
Fed Lets Banks Get Tax Information Numbers From Third Parties
The Federal Reserve said Thursday (July 31) it joined other federal banking agencies in allowing banks and credit unions to obtain customers’ tax information numbers from a third party, rather than...