The guidance follows similar instructions laid out by the Office of the Comptroller of the Currency late last year.

The two San Francisco-based companies are seeking to provide a one-click cryptocurrency checkout system to simplify digital shopping.

Treasury Secretary Janet Yellen laid out her approach to crypto regulation, including banks' and other traditional financial firms’ exposures to the crypto market, in a speech at American University.

The executive order on cryptocurrencies leaves many important questions unaddressed.

Martin Grant, who serve as the Federal Reserve Bank of New York's chief compliance and ethics officer for more than 15 years, has joined JST Capital, a financial services firm for digital assets.

It began as an app for teens, but Current had its eye on cryptocurrency-related services from the start. The goal is to improve on the products it offers customers, such as above-market interest rates.

Citizens' overdraft break, Warren's digital-dollar push and more in banking news this week.

A push by Republican Sen. Cynthia Lummis, one of the crypto industry’s staunchest supporters in Congress, to write a new law for digital assets is getting the support of at least one Democrat.

The digital payment company, which recently got back into digital assets after a multiyear hiatus, has launched a suite of merchant services and industry partnerships to support payments and risk management.

The Bank of England called on policymakers to beef up the global framework for regulating cryptocurrencies to prevent them from threatening the wider stability of financial markets.

Nellie Liang, the Treasury Department's under secretary for domestic finance, said there’s consensus on the risks posed by digital assets. But she was vague about how much progress has been made in discussions between the administration and lawmakers about toughening the regulatory system.

The children's research hospital is tapping into the fast-growing market for digital currency donations and NFT sales to appeal to millennials, who are more likely to have crypto investments.

In global news this week, 7-Eleven puts holograms at the point of sale; the U.K. shores up security for online payments while cracking down on Bitcoin ATMs; and more organizations find ways to send aid to Ukraine.

Gauntlet, a financial-risk modeling platform for crypto lending, raised a new round of funding that pushed its valuation to $1 billion.

President Biden's executive order on cryptocurrency assets and a central bank digital currency marks the beginning of the administration's efforts to integrate crypto technology into the financial regulatory apparatus. That process has important implications for banks in the near term and down the road.

The crypto ambitions of large technology companies are drawing concern from the Consumer Financial Protection Bureau.

Revolut’s Chief Revenue Officer Alan Chang is leaving the U.K. financial technology startup for a new cryptocurrency venture and is seeking to raise roughly $100 million in financing.

Jamaica plans to give $16 of free money to the first 100,000 citizens who use its soon-to-be-launched Jam-Dex digital currency.

A Biden administration cryptocurrency executive order strikes the right balance between encouraging responsible innovation and addressing potential risks to consumers and the broader financial system, Treasury Secretary Janet Yellen said in a statement posted to the Treasury Department’s website Tuesday night.

The president is set to sign an executive order Wednesday directing federal financial regulators to address risks associated with digital assets and explore the establishment of a digital currency.