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State of New York issues 7th BitLicense to Jack Dorsey’s Square

Financial services provider Square has got the NYSDFS 7th-ever BitLicense allowing New Yorkers to trade cryptocurrency on the rapidly growing Cash app. Square, a digital payments company, has been granted BitLicense from the New York Department of Financial Services (NYDF), which means formal approval of Square’s application for a virtual currency license. It was issued on дальше »

2018-6-19 14:32


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U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming by 2019

In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U. дальше »

2018-6-19 12:10


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U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming

In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U. дальше »

2018-6-19 12:10


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Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas. дальше »

2018-6-13 20:24


Bank from US Wells Fargo Just Bans Crypto related purchase with Credit Card

San-Francisco-based bank Wells Fargo has declared that it will ban its customers from purchasing cryptocurrency using its credit cards, Fortune reported on June 11. The third largest bank by assets in the US, Wells Fargo said that its customers are now forbidden from purchasing digital currency on their credit cards issued by the financial institution. […] дальше »

2018-6-13 11:22


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The previous occupant of fdic chair states “bank dominated payments system” could lead to severely negative consequences regarding cbdc

So they pull their uninsured money out of the banking system, disrupting the free flow of payments. […] However, suppose consumers could convert their bank deposits into a digital currency that would be issued and backed by the Fed? When it wants to raise rates — as it is doing now — it reduces its дальше »

2018-6-13 07:25


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Banks Advised on How to Manage Risks of ‘Crypto Assets’ by UK Financial Regulator

The UK’s Financial Conduct Authority (FCA) has issued guidance for banks on how to handle the risks associated with “crypto assets”, according to a letter posted on the FCA’s website June 11. Per the statement issued by Executive Directors of Supervision Jonathan Davidson and Megan Butler, banks should apply a highly individual approach to clients дальше »

2018-6-12 05:55


Canadian Exchanges Reports Transactions Over $10k per Proposed Regulations

Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. Also Read: Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets Crypto Exchanges to Report as MSBs The Department of Finance Canada has issued a Regulatory Impact Analysis Statement regarding proposed amendments to the country’s AML/ATF дальше »

2018-6-12 02:07