Bitpay COO Believes Bitcoin is “Working” as Means of Payment

Bitpay COO Believes Bitcoin is "Working" as Means of PaymentBitpay’s chief operating officer, Sonny Singh, recently attested to the efficacy of bitcoin as a means of payment, stating that “bitcoin is being used all around the world for things other than speculation and trading.” The COO also reported that Bitpay processed $1.2 billion USD worth of bitcoin payment in 2018. Also Read: Swissquote Reports 44% […]

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Tether Announces Appointment of New Chief Compliance Officer

Tether Announces Appointment of New Chief Compliance OfficerTether has announced the appointed of Leonardo Real, a former anti-money laundering (AML) quality control manager at Bank of Montreal, as the company’s new chief compliance officer (CSO). The announcement comes just one week after Phil Potter, one of Tether’s directors, announced that he will be leaving sister company, Bitfinex. Also Read: Japanese Police Seize Cryptocurrency […]

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Regulatory Round-Up: U.K. Chief Blockchain Officer, DLT Cohort in FCA Sandbox, Central Bank Calls Crypto ”Fallacy”

Regulatory Round-Up: U.K. Chief Blockchain Officer, DLT Companies in FCA Sandbox, Central Bank Calls Crypto ”Fallacy”In recent regulatory news, U.K. minister, Eddie Hughes has published a report that advocates for the creation of a “Chief Blockchain Officer,” the U.K. Financial Conduct Authority has announced that a number of distributed ledger (DLT) companies have been accepted into cohort 4 of its regulatory sandbox, and Finland’s Central Bank has published a report […]

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Florida CFO Advocates Creation of State “Cryptocurrency Chief”

Florida CFO Advocates Creation of State “Cryptocurrency Chief”The Florida Chief Financial Officer (CFO), Jimmy Patronis, has issued a statement calling for Florida’s government to create the post of “cryptocurrency chief” to provide greater oversight to the state’s emerging digital currency sector. Also Read: Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan Florida CFO Advocates Creation of Government Post Overseeing Crypto Jimmy […]

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Quebec Chief Scientist Rejects “Myth” of Widespread Illicit Bitcoin Use

Quebec Chief Scientist Rejects "Myth" of Widespread Illicit Bitcoin UseThe Chief Scientist of Quebec, Rémi Quirion, has published a document rejecting the popular “myth” that illicit transactions are among those for which bitcoin is principally used. Quebec’s Chief Scientist is closely associated with the Fonds de recherche du Québec (FRQ) – a publicly funded institution dedicated to “providing support for the production and dissemination […]

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