When autocomplete results are available use up and down arrows to review and enter to select.
The payments landscape for community banks is changing rapidly as traditional payments converge with new instant payment systems and emerging cryptocurrencies. It is critical for Community Banks to maintain awareness of developments in the payments space to assess new opportunities, mitigate risks, and ensure that their payment strategy aligns with overall business plans.
Nov. 01, 2022
Up to 20% of terrorist attacks are financed by crypto-assets or otherwise linked to digital assets, a United Nations official told Bloomberg. The UN’s Svetlana Martynova said officials are detecting more cases of crypto use in terror-financing as they step up their scrutiny of such practices.
Treasury Request: Comments on the Treasury Department’s request for comment on the illicit finance and national security risks posed by digital assets are due this Thursday. The request focuses on Treasury’s action plan on illicit finance pursuant to President Joe Biden’s executive order on digital assets.
Polling Results: Following the administration’s release of several digital asset reports in September, ICBA released polling conducted by Morning Consult indicating consumers support a regulatory framework for digital assets and are skeptical of the creation of a U.S. central bank digital currency.