NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight
New York Governor Andrew Cuomo argues that crypto entities licensed under the Financial Services Law should pay for NYDFS oversight Go to Source Powered by WPeMatico
Government
Auto Added by WPeMatico
Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency
As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international banking laws like AMLD5 can push bitcoin-friendly companies out of business, … Read more
China’s Nationwide Blockchain Network BSN Will Launch in April 2020
China’s nationwide blockchain network, the BSN, will be fully launched in April 2020, following a six-month beta testing period Go to Source Powered by WPeMatico
Former Bakkt CEO and New US Senator Loeffler Will Help Oversee CFTC
Former Bakkt CEO and Georgia’s new Senator Kelly Loeffler will help oversee the CFTC, a major financial regulator in the U.S. Go to Source Powered by WPeMatico
US SEC Prioritizes Crypto Compliance in 2020, But Hints at Kinder Gentler Approach
U.S. SEC will continue to prioritize crypto compliance in the coming year, but seems to be more interested in bringing the industry in from the cold Go to Source Powered by WPeMatico
Former Bakkt CEO Sworn Into Senate, Casts 1st Vote to Support Trump
Former Bakkt CEO Kelly Loeffler has been sworn into the U.S. Senate to become the newest Georgia’s Senator and cast her first vote to support Trump Go to Source Powered by WPeMatico
Court Denies SEC Request to Make Telegram Reveal ICO Bank Records
The U.S. District Court for the Southern District of New York has denied the SEC’s request to compel Telegram to reveal its bank records Go to Source Powered by WPeMatico
Stablecoins Are Crypto’s Version of Fractional Reserve Banking
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, … Read more
Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria
A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project. Also read: Skrill Now … Read more
China Takes Another Step Away From USD Hegemony
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation … Read more