[ad_1]
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
United States payment systems operator The Clearing House has released its response to a Treasury Department request for comment on “digital-asset-related illicit finance and national security risks as well as the publicly released action plan to mitigate the risks.” The Clearing House found significant security serious risks associated with digital assets, but was concerned that banks should have the same opportunities to participate in the market as nonbanks.
The Treasury Department issued its request for comments Sept. 20 as part of its ongoing response to President Joe Biden’s Executive Order 14067 of March 9, 2022, “Ensuring Responsible Development of Digital Assets.” In its 22-page response letter, The Clearing House addresses some of the questions posed by the Treasury, and it highlights five main points that its sees as ways to mitigate national security and illicit finance risks posed by privately issued non-bank digital assets (many cryptocurrencies and stablecoins) and U.S. government tokens (CBDCs). The letter, dated Nov. 3, was made public on Nov. 10.
Continue Reading on Coin Telegraph
[ad_2]
Source link
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
United States payment systems operator The Clearing House has released its response to a Treasury Department request for comment on “digital-asset-related illicit finance and national security risks as well as the publicly released action plan to mitigate the risks.” The Clearing House found significant security serious risks associated with digital assets, but was concerned that banks should have the same opportunities to participate in the market as nonbanks.
The Treasury Department issued its request for comments Sept. 20 as part of its ongoing response to President Joe Biden’s Executive Order 14067 of March 9, 2022, “Ensuring Responsible Development of Digital Assets.” In its 22-page response letter, The Clearing House addresses some of the questions posed by the Treasury, and it highlights five main points that its sees as ways to mitigate national security and illicit finance risks posed by privately issued non-bank digital assets (many cryptocurrencies and stablecoins) and U.S. government tokens (CBDCs). The letter, dated Nov. 3, was made public on Nov. 10.
Continue Reading on Coin Telegraph
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury By Cointelegraph
[ad_1]
United States payment systems operator The Clearing House has released its response to a Treasury Department request for comment on “digital-asset-related illicit finance and national security risks as well as the publicly released action plan to mitigate the risks.” The Clearing House found significant security serious risks associated with digital assets, but was concerned that banks should have the same opportunities to participate in the market as nonbanks.
The Treasury Department issued its request for comments Sept. 20 as part of its ongoing response to President Joe Biden’s Executive Order 14067 of March 9, 2022, “Ensuring Responsible Development of Digital Assets.” In its 22-page response letter, The Clearing House addresses some of the questions posed by the Treasury, and it highlights five main points that its sees as ways to mitigate national security and illicit finance risks posed by privately issued non-bank digital assets (many cryptocurrencies and stablecoins) and U.S. government tokens (CBDCs). The letter, dated Nov. 3, was made public on Nov. 10.
Continue Reading on Coin Telegraph
[ad_2]
Source link
United States payment systems operator The Clearing House has released its response to a Treasury Department request for comment on “digital-asset-related illicit finance and national security risks as well as the publicly released action plan to mitigate the risks.” The Clearing House found significant security serious risks associated with digital assets, but was concerned that banks should have the same opportunities to participate in the market as nonbanks.
The Treasury Department issued its request for comments Sept. 20 as part of its ongoing response to President Joe Biden’s Executive Order 14067 of March 9, 2022, “Ensuring Responsible Development of Digital Assets.” In its 22-page response letter, The Clearing House addresses some of the questions posed by the Treasury, and it highlights five main points that its sees as ways to mitigate national security and illicit finance risks posed by privately issued non-bank digital assets (many cryptocurrencies and stablecoins) and U.S. government tokens (CBDCs). The letter, dated Nov. 3, was made public on Nov. 10.
Continue Reading on Coin Telegraph
Related Posts
Chinese NEV stocks sink tracking Tesla losses after Q1 deliveries fall By Investing.com
Tencent Cloud signs multiple collaboration agreements with blockchain firms By Cointelegraph
Virgin Orbit’s would-be white knight and a $200 million rescue that fell flat By Reuters
About The Author
davidgreenbank