Crypto users speak out on proposed change to FinCEN Travel Rule
“This proposal, if adopted, would prove to be an invasion of privacy.” Go to Source Powered by WPeMatico
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End of Western Union Remittance Service to Cuba a Boon for Crypto
As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October 27, gave Western Union 30 days to implement new restrictions. The new rule is likely … Read more
OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies
The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank Act’s mandate. Discrimination Against Disfavored … Read more
US Government labels Virgil Griffith’s argument to dismiss sanctions charges ‘absurd’
Government lawyers implied that citizens could legally pass along nuclear secrets to North Korea if held to the same standards as Griffith. Go to Source Powered by WPeMatico
Blockchain is good for hodling, but not for voting: Bad Crypto news of the week
Analysts make a slew of wild predictions as Bitcoin continues its moon mission in this week’s Bad Crypto podcast Go to Source Powered by WPeMatico
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South Africa’s Financial Sector Conduct Authority (FSCA) announced Friday that it has published “a draft declaration of … Read more
Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader
The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies are using their social media skills as well as the internet to mask the … Read more
Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges
Thailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers. New Thai Rules and Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules which help securities companies provide crypto services, the Bangkok Post reported … Read more
SEC gives OK to social media platform to issue stablecoin without registering as a security
The letter states the regulatory agency “will not recommend enforcement action” against a platform issuing a digital currency capable of being converted to fiat. Go to Source Powered by WPeMatico
New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin
Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also need to inform the exchange officials of the … Read more