Regulation

FED, Federal Reserve, Feds, FinCen, funds transfer, Legal Tender, medium of exchange, payment orders, Regulation, Suspicious Activity Reports, transmittal orders, Travel Rule, US National Security, Virtual Currencies

US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies

US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include CryptocurrenciesThe 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 for international transactions to be set at $250 down […]

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china cbdc, China crypto, china cryptocurrency, china law digital yuan, gambling sites, pboc digital currency, Regulation, Tether

China Drafts Law to Legalize Digital Yuan, Outlawing Competitors

China Drafts Law to Legalize Digital Yuan, Outlawing CompetitorsChina’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China Drafts Law to Recognize Digital Yuan The People’s Bank […]

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Bank Secrecy Act, Bitcoin, Bitcoin Regulation, crypto standards, FATF, fatf bitcoin, fatf crypto, fatf cryptocurrency, fatf stablecoins, Financial Action Task Force, Regulation, Travel Rule, Travel Rule FATF, USTRWG, VASPs, virtual asset service providers., working group

Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper

Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions PaperA 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 with the FATF Travel Rule. Digital currency companies, otherwise known as Virtual Asset […]

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150 executives, accelerate, Bitcoin, BTC, compliance, Crypto, crypto industry, CRYPTOCURRENCY, DCG, DCG Study, DCG survey, decentralized finance, DeFi, Digital Assets, Digital Currency Group, ETH, ethereum, News, Regulation, report, stablecoins, startups, study

Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring

Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect Industry to Accelerate, Companies Are HiringDigital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have seen outperforming start-of-year projections. The state of the cryptocurrency industry […]

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