According to reports, On March 9, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020,” a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator.
The OCC serves to charter, regulate and supervise national banks. Today’s OCC letter clarifies that national banks have the authority to provide fiat bank accounts and cryptocurrency custodial services to cryptocurrency businesses. This clarification from the OCC may open the doors for larger financial institutions to be more comfortable providing traditional bank accounts to cryptocurrency […]
The number of regulated cryptocurrency exchanges in the Philippines has grown to 16, according to Bangko Sentral ng Pilipinas, the country’s central bank. One of the regulated exchanges has been helping the government and Unionbank to launch an app for bond purchases.
HSBC Bank has launched real-time payments capabilities on the RTP network that gives businesses the ability to send and receive real-time payments, the company said in a press release Monday (Nov. 18), via Business Wire. HSBC is said to be a member of the R3 consortium.
A U.S. Congressman (Paul Gosar: Republican-Arizona) has reportedly introduced a draft bill to bring regulatory clarity in the cryptocurrency space, dividing cryptocurrencies into three parts: crypto-commodities, crypto-currencies, and crypto-securities.
Crypto exchange Coinbase has announced that it is now offering “instant withdrawals” to Debit cards, enabling cryptocurrency users to easily covert their crypto balances into fiat and spend their funds using their respective VISA cards.
US Treasury and the Trump administration could destroy financial sovereignty and the true nature of blockchain by going after self-hosted cryptocurrency wallets.
Forbes recently published the second edition of its Blockchain 50. The list aims to capture the billion dollar companies most active in blockchain. To be included in the Blockchain 50, a company must have a valuation above $1 billion.