Aug 15, 2022
The measure wouldn’t legalize cannabis nationally, but it would end the 'cash only' problem and give Maine’s legal pot businesses access to
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The measure wouldn’t legalize cannabis nationally, but it would end the 'cash only' problem and give Maine’s legal pot businesses access to
Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law
Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law #BankofJapan #bankingact #bankinglicense #Bitcoin #BTC #crypto #Cryptocurrency
Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Not Virtual…
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RBA Payments System Issues: Exchange Settlement Account Policy
RBA Payments System Issues: Exchange Settlement Account Policy
The Reserve Bank has amended its Exchange Settlement Account (ESA) policy to remove the requirement that all banks must have an ESA, whether or not they use an agent to settle their real-time gross settlement (RTGS) transactions. The change follows amendments to the Banking Act 1959 that will allow…
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Government Can Easily Fix Regulatory Roadblock for Credit Unions (français inclu)
#CanGov Can Easily Fix Regulatory Roadblock for #CreditUnions @CarolHughesMP @FinanceCanada @creditunionsONT @NorthernCU @FirstOntarioCU @Central1CU @meridiancu @NDP @cdnpolinews @liberal_party @CPC_HQ
(Version française ci-dessous) Algoma-Manitoulin-Kapuskasing MP Carol Hughes Last month an advisory from the Office of the Superintendent of Financial Institutions (OSFI) placed onerous conditions on credit unions and seemed to be doing favours for Canada’s big banks in the process. The edict, which was slipped through on June 30th when most Canadians were gearing up for Canada Day, celebrations,…
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La licence de la Bramer Bank révoquée
La licence de la Bramer Bank révoquée
Dans la soirée du jeudi 2 avril, la Banque de Maurice a émis un communiqué pour annoncer la révocation de la licence de la Bramer Bank. Et ce avec effet immédiat.
Dans ce communiqué, la Banque de Maurice avance que le capital de la Bramer Bank « is seriously impaired » et que la « Bramer Bank has been carrying on business in a manner which is contrary or detrimental to the interest of its…
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'Glass-Steagall Act': An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment banking business. The Glass-Steagall Act was sponsored by Senator Carter Glass, a former Treasury secretary, and Senator Henry Steagall, a member of the House of Representatives and chairman of the House Banking and Currency Committee. The Act was passed as an emergency measure to counter the failure of almost 5,000 banks during the Great Depression. The Glass-Steagall lost its potency in subsequent decades and was finally repealed in 1999.
Glass-Steagall Act Definition | Investopedia