With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.
Japan’s FSA Says XRP Not a Security: Report
The regulator’s stance contrasts with that of the U.S. Securities and Exchange Commission.
Grayscale Investments Begins Dissolution of Grayscale XRP Trust After SEC Suit
Cash proceeds from the Trust’s liquidated XRP will be distributed to Trust shareholders, Grayscale said.
FinCEN’s Crypto Surveillance Rule Violates the US Constitution
Proposals requiring crypto companies to report transactions amount to “mass surveillance” and flout the Fourth Amendment.
Anchorage Becomes First OCC-Approved National Crypto Bank
The crypto industry has its first federally chartered bank: Anchorage.
Financial Censorship After Capitol Riot ‘Truly Chilling,’ Says OCC Chief Brian Brooks
“Money might be controlled by a handful of elites,” the departing bank regulator said at a Wednesday event. “Crypto is about freedom.”
Chinese Hospital Issues First Electronic Bill on Blockchain
The People’s Hospital of Chengmai County has issued the first electronic bill on its blockchain-based invoice management platform in South China’s Hainan province, which brands itself as the country’s blockchain hub.
ECB’s Christine Lagarde Says ‘Speculative’ Bitcoin Needs Regulation
In a speech at a Reuters online event Wednesday, Lagarde said bitcoin was a speculative asset.
Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M
The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.
Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M
The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.
Largest Dark Web Market Taken Offline as Alleged Operator Arrested in Germany
The DarkMarket site was thought to be the world’s largest illegal online marketplace.
Coinbase Apologizes to UK and EU Customers Hit By Regulatory Lockouts
The mea culpa was mum on Coinbase’s broader troubles in keeping global trading running smoothly.
Visa and Plaid Abandon Acquisition Plans Over DOJ Antitrust Concerns
The Department of Justice announced Tuesday that the $5.3 billion deal was off.
How the OCC Is Building Crypto America (and Saving Banks From Extinction)
Three interpretative letters from the Office of the Comptroller of the Currency lay the groundwork for banks to become crypto custodians, payment companies and miners in blockchain networks.
Gensler Said to Be Named SEC Chairman: Reuters
Gensler has testified before Congress about cryptocurrency and blockchain on multiple occasions.
Brian Brooks, Crypto-Friendly Bank Regulator, Expected to Step Down This Week: Report
Acting USOCC head Brian Brooks will reportedly end his brief tenure running the federal banking regulator by the end of the week.
Acting SEC Enforcement Director Berger to Step Down
Berger presided over the enforcement division when it launched the Ripple suit.
UK Treasury Calls for Feedback on Approach to Cryptocurrency and Stablecoin Regulation
The U.K. government is focusing on stablecoins for the next phase of its development of crypto regulations.
FinCEN’s Crypto Rules Aren’t as Unfair as Jack Dorsey Says
Crypto companies complain about FinCEN’s new “unhosted wallets” proposal. But the rules aren’t unreasonable, says our columnist.
New Zealand’s Financial Watchdog Warns on Crypto Investment Risks
The warning comes a day after the regulator’s U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.