Selecting a location for any startup company is a major step in setting up shop. States are selected on a wide range of criteria such as tax laws, overall quality of life for employees, or even—particularly for small businesses—the state in which their founders currently live. One state is proving especially friendly for those in […]
Rhode Island is out to be the ultimate testing ground for those working in the blockchain space, including a voucher valued at $50,000 for any entrepreneur.
We anticipate that in June the FATF will adopt a final version of its Interpretative Note, along with updated guidance to further assist countries and industry with their obligations.
Crypto exchange Bitfinex ordered by judge for documents of a $850 million misfortune and an ensuing loan from stablecoin backer Tether. Judge Cohen stated “the subject of whether these are securities…”
The New York Department of Financial Services (NYDFS), the agency responsible for regulating virtual currency and BitLicenses, approved “Stablecoin” on September 10, 2018. This price-stable cryptocurrency is being offered by the Winklevoss brother’s Gemini and Paxos Trust Company, one of the exclusive few companies allowed to operate cryptocurrency in the state of New York. Cameron […]
Coinbase Renews Wyoming Money Transmitter License Bringing Bitcoin Back to The Cowboy State Coinbase, one of the largest Bitcoin and cryptocurrency exchanges set out with an ambitious goal to operate in all 50 states and beyond, adhering to every federal and state regulations. That endeavor proved to be a challenge as various states’ regulations had […]
CFO Jimmy Patronis: Florida Needs Cryptocurrency Chief ~Cryptocurrency Oversight Initiative Receives Support from Senate President-Designate Bill Galvano~ TALLAHASSEE, Fla.— Florida Chief Financial Officer (CFO) Jimmy Patronis today released a statement on the need for Florida to provide oversight of the growing industry of cryptocurrency by creating a statewide cryptocurrency chief. CFO Jimmy Patronis said, “Florida can […]
Decrypting Cryptocurrency Scams: FTC Free Workshop on June 2018 The Federal Trade Commission will host a free to the public ICO workshop titled, “Decrypting Cryptocurrency Scams,” on June 25, 2018 in Chicago’s DePaul University at 1:00 pm Central Time. Registration is not required and the event will be recorded and streamed live here. The event will […]
New York BitLicense May Be Replaced by Digital Seal Getting Rid of Fees Just over a year ago on January 2017, Coinbase became the third virtual currency business to obtain a New York Bitcoin license, or ” BitLicense, ” granted by the New York Department of Financial Services (DFS). The New York Bitcoin Licensing scheme […]
FTC Sues Bitcoin Scammers and a Forms Blockchain Working Group The Federal Trading Commission, the biggest consumer fraud protection agency in the U.S, filed a law suit on Friday against two companies and four defendants operating a Bitcoin pyramid Scheme and announced the formation of its very own Blockchain Working Group. The U.S District Court […]