Pivot away from digital assets has been in the works since 2017, says Metropolitan Commercial’s CEO

Regulators have started 2023 with warnings surrounding investment in crypto for banks

San Francisco-based acquisition company in talks to buy a bank holding company

Major institutions including Wells Fargo, BNY Mellon and HSBC are involved in the “proof of concept” project

FTX filed for bankruptcy last week, but the OCC says US banks were largely unaffected

The payments company is running a pilot project with blockchain group Paxos

Senators recently lobbied the OCC for a revamp of cryptocurrency rules after market turmoil

The regulator has demanded the websites remove references to federal insurance for crypto trading

Federal Reserve Board’s Senior Financial Officer Survey indicates DLT and crypto-related products do not have large effects on liquidity management

The framework sets out an international engagement and an interagency approach