Auto Added by WPeMatico
A bill that may turn New York into a friendlier place for crypto entrepreneurs has been introduced in the state’s Assembly. The draft is intended to “safeguard” cryptocurrency business activity and “prohibit” licensing fees. Its sponsors want to replace the costly Bitlicense regulations with a licensing regime based on audits. The aim is to protect […]
The post Bill Promises to Rid New York of Bitlicense Fees appeared first on Bitcoin News.
Powered by WPeMatico
Following the inspections of six major banks this week, South Korean regulators have uncovered some inadequate internal controls for handling cryptocurrency exchanges. Given the government’s strict rules, some banks have decided to stop providing services to cryptocurrency exchanges instead of overhauling their systems further to comply with the regulations. Also read: South Korea Urges 23 Countries, […]
The post Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency Exchanges appeared first on Bitcoin News.
Powered by WPeMatico
Tether, creator of a USDT token claimed to be backed by the U.S. dollar, has been a hot topic of conversation lately to say the least. The company has been very successful so far issuing tokens to individuals and exchanges, but many skeptics are worried the digital currency is not backed by real fiat. Skeptics […]
The post After The Rise of its Controversial ”Digital USD” Tether Releases EURTs appeared first on Bitcoin News.
Powered by WPeMatico