WASHINGTON, DC – (L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman … More and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup. (Photo by Win McNamee/Getty Images) Getty Images As the United States takes a historic step toward regulating digital assets, major banks are reevaluating their strategies for
From blockchain and wallets to mining and volatility, here’s a plain-English guide to understanding how cryptocurrencies work—and why they matter. Digital cryptocurrencies are enigmatic monetary products promoted by fintech enthusiasts and are gaining popularity among the general public internationally. Despite proponents claiming they’re a potential panacea for financial woes, no one truly understands this complex
The Senate Committee on Capital Market on Friday called on the Federal Government to regulate and formalise cryptocurrency trading in the country to protect investors and tap into Nigeria’s booming digital asset economy. Speaking during a media parley in Abuja, Chairman of the Committee, Senator Osita Izunaso, underscored the urgency of embracing digital finance, warning
Senate Banking Committee Chair Tim Scott tackles Hagerty’s GENIUS stablecoin legislation despite … [+] Senator Elizabeth Warren’s pushback. CQ-Roll Call, Inc via Getty Images The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) took a major step toward becoming law after passing the Senate Banking Committee in a bipartisan 18-6 vote. Sponsored