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5 US States Settle With GSB Group Over Unregistered Crypto Sales


Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting...

Arkansas State House Passes Bills for Potential Crypto Mining Restrictions


The Arkansas State House recently passed two bills to potentially restrict cryptocurrency mining activities within the state, while six other proposals failed to garner enough votes for advancement. The post Arkansas State House Passes Bills for Potential Crypto Mining Restrictions appeared first...

US Representative French Hill Optimistic on Progress of Crypto Legislation


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...

Crypto Payment Provider Alchemy Pay Secures Iowa Money Services License


The Singapore-based payment gateway Alchemy Pay has been granted the money services license by the U.S. state of Iowa. Both this license and the money transmitter license obtained from Arkansas nearly two months earlier underline Alchemy’s “dedication to compliance.” Alchemy...

US State Regulators Grant Money Transmitter Licenses to Crypto Startup Bastion


Institutional-focused crypto custody firm Bastion has obtained money-transmitter licenses (MTLs) in New Hampshire and Arkansas. 1/ We’re happy to share that we received our first two Money Transmitter Licenses (MTLs) in New Hampshire and Arkansas and can now support fungible assets in both states....

Texas House Advances Gold-Backed Digital Currency Bill


Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would...

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