state regulators – DIGIT INFO

Abra, CEO Barhydt settle with 25 US states over licensing violations

DIGIT — Wed, 26 Jun 2024 21:45:00 +0000

Other states can join in the settlement, which will see up to $82.1 million returned to customers.

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

DIGIT — Sat, 11 Feb 2023 19:30:54 +0000

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold […]

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Report: Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure

DIGIT — Tue, 31 Jan 2023 01:49:48 +0000

Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations. Elon Musk’s Plan for Twitter Payment System Advances, Adding Cryptocurrency Later […]

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Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

DIGIT — Fri, 20 Jan 2023 05:30:52 +0000

The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no deny” basis and that the […]

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