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FinCEN’s Proposed Crypto Wallet Rule Might Hit DeFi
23.12.2020
FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance
Billion-Dollar Wealth Manager Skybridge Capital Plans to Launch a Bitcoin Fund
22.12.2020
In mid-November, a filing registered with the U.S. Securities and Exchange Commission (SEC) had shown that the investment firm Skybridge Capital may invest in crypto assets like bitcoin. Over a month later, Skybridge Capital filed another registration form with the U.S. SEC (Form D) as it plans...
Analysts say Mnuchin’s proposed self-custody rule won’t impact Bitcoin price
19.12.2020
Analysts debate whether the U.S. Treasury Secretary’s new rule about self-custodied wallets could place the current bull run in peril
It's here: Treasury proposes rule to monitor crypto going to self-hosted wallets
18.12.2020
Many have called the long-rumored rules an existential threat to peer-to-peer transactions
US Treasury Dept's Reported New Rule Might Increase Bitcoin Surveillance
18.12.2020
While the national treasury of the US federal government is said to be on the brink of proposing a new transaction reporting rule, many in the Cryptoverse argue that it would not affect investors and/or that regulations concerning so-called "self-hosted" wallets are nonsensical. However...
We Don’t Need the OCC’s ‘Political Discrimination’ Rule
7.12.2020
A proposed OCC rule would stop banks from using political criteria in lending. But we don't need it, says our columnist
Industry Pros Weigh In on Rumors of New Crypto Wallet Regulations
27.11.2020
From shorter consultations to insider comments, recent rumors about U.S. regulation of private crypto wallets have some compelling context
Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules
26.11.2020
Coinbase CEO Brian Armstrong publicly voiced concern that the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges
Crypto users speak out on proposed change to FinCEN Travel Rule
23.11.2020
“This proposal, if adopted, would prove to be an invasion of privacy."
End of Western Union Remittance Service to Cuba a Boon for Crypto
23.11.2020
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...
OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies
23.11.2020
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...
FATF Needs Entirely New Approach to Regulating Crypto, Says V20 Summit
18.11.2020
Industry players at the Virtual Asset Service Providers Summit urged regulators to rethink their approach in light of DeFi and DEXs
Why FinCEN Wants Details on All Cross-Border Transactions Over $250
16.11.2020
At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned
Crypto firms still not widely adopting ‘travel rule,’ says FATF deputy
16.11.2020
David Lewis, executive secretary and G20 deputy at the Financial Action Task Force, says crypto firms still have a long way to go before they're compliant
South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change
6.11.2020
South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers
SEC Changes Rules, Making Fundraising Easier for Crypto Firms
3.11.2020
The U.S. Securities and Exchange Commission (SEC) has amended some exemption rules, making it easier for crypto companies to raise funds. The rule changes raise fundraising limits for Regulation Crowdfunding, Regulation A, and Regulation D’s Rule 504 offerings. SEC’s New Rules Allow...
SEC Finalizes Rule Change That Could (One Day) Juice Token Sales
2.11.2020
Companies can now raise more money under three key securities exemptions without having to register with SEC
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
28.10.2020
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion...
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
24.10.2020
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply...