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Nalezeno "Financial Services": 361

Lawmaker Highlights 2 Bills to Make US a Crypto Leader — Says Bitcoin Is ‘Unstoppable’

11.4.2024
Congressman Patrick McHenry says bitcoin is unstoppable and every regime that’s tried to shut it down has failed. He emphasized that the U.S. must become a leader in digital assets, noting that two congressional bills offer a path toward clear regulations. Two Pieces of Legislation Could...

House Republicans Demand SEC Explain What's Up With Crypto Platform Prometheum

26.3.2024
As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers' Ethereum tokens {{ETH}}, the industry's friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this...

Congolese Fintech Startups, Government Form Association to Accelerate Financial Inclusion

25.3.2024
Democratic Republic of Congo (DRC)-based fintech startups have partnered with the government to launch an association. The goal of the collaboration is to accelerate financial inclusion in the African country. By partnering with the government, the association will play a crucial role in shaping...

House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services

2.3.2024
The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121, a bulletin that leaves banks and financial institutions out of the cryptocurrency custody provider market. However, the resolution, advanced with bipartisan support, is unlikely...

U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism

14.2.2024
Just after Hamas' terrorist attacks in Israel last year, crypto took blame for helping fund such brutal killing. While the prominent media reports were later bashed by cryptocurrency experts, the U.S. Department of the Treasury's top official on terrorism financing confirmed to lawmakers...

Japan’s FSA Urges Tighter Scrutiny on Crypto Transfers, Citing Risk of Unlawful Activity

14.2.2024
Japan’s leading financial regulator, the Financial Services Agency (FSA), is urging institutions to place tighter scrutiny on crypto transfers, according to an official note published today. The joint note by the FSA and the country’s National Police Agency (NPA) refers to a high number...

Ripple to Buy New York Crypto Trust Company to Expand U.S. Options

13.2.2024
Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing

Janet Yellen Calls for Crypto Regulation in Congressional Testimony, Citing Financial System Risks

6.2.2024
Treasury Secretary Janet Yellen, in her forthcoming appearance before the House Financial Services Committee, is set to emphasize the potential dangers the cryptocurrency industry presents to financial stability, advocating for legislative action to regulate digital assets effectively. Treasury...

House Financial Services Committee Members Demand More Time to Debate New Digital Payment Proposal

2.2.2024
Leading members of the U.S. House Financial Services Committee, Chairman Patrick McHenry, Subcommittee Chairman French Hill, and Representative Mike Flood, have requested an extension of the public comment period for the CFPB’s proposed rule on digital consumer payment applications. This...

US Representative French Hill Optimistic on Progress of Crypto Legislation

31.1.2024
During a panel discussion at the recent Foundation for Defense of Democracies event, Arkansas Republican French Hill shared a positive update on the trajectory of the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act. US Representative French...

South Korea Regulator Holds Firm Stance Against Crypto ETFs Approval

12.1.2024
Source: AdobeStock While the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs. South Korea’s Financial Services Commission (FSC) said that the launch of virtual currency ETFs is “impossible”...

New York's Crypto BitLicense Oversight Criticized by State's Comptroller

9.1.2024
The New York Department of Financial Services (DFS) is drawing some internal heat over whether it's doing a good job overseeing crypto activity through its BitLicense program, according to a review from New York State Comptroller Thomas DiNapoli

South Korea Proposes Ban on Credit Card Crypto Purchases

9.1.2024
Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions. South Korea Aims to Tighten Crypto Regulations with Proposed Credit Card...

Luetkemeyer’s Exit Sets Up Potentially Crypto-Friendly Turn in House Banking Committee

8.1.2024
Rep. Blaine Luetkemeyer’s retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee. Shift in House Financial Services Committee Leadership Could Lead to More...

South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards

4.1.2024
The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges."

House's McHenry Won't Seek Reelection, Costing Crypto a Top Ally: Politico

5.12.2023
Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday

Rep. French Hill Estimates Crypto Legislation to Pass in Early 2024

1.12.2023
Representative French Hill, vice-chairman of the House Financial Services Committee, stated intent to bring two crypto regulation bills to the floor and pass them in early 2024. Hill told CNBC that Congress wants to give the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures...