New York's department of financial services in January approved Coinbase's application for a virtual currency and money transmitters license, making it one of the largest bitcoin companies to gain the department's approval and one of five
virtual currency firms granted approval to operate in New York State.
Barclays becomes the first major UK bank to enter into a partnership with a
digital currency firm social payments app called Circle, that uses...
Barclays becomes the first major UK bank to enter into a partnership with a digital
currency firm social payments app called Circle, that uses Bitcoin technology to move money between different currencies, according to Reuters.
The proposal, Circle said, casts a wide net over regulated digital
currency firms due to its broad definition of what constitutes a Virtual Currency Business Activity (VCBA).
The strict culmination of cryptocurrency activities has led to closure of several big shot digital
currency firms in China.
«We will continue to proceed swiftly and thoughtfully to provide rules of the road for reputable virtual
currency firms seeking to conduct business on - shore in a responsible manner.»
Digital
currency firm Ripple Labs has enlisted former Depository Trust & Clearing Corporation (DTCC) CEO Donald Donahue as an advisor.
«We don't prohibit regulated firms from engaging in digital currency trading, nor do we prohibit banks from offering banking services to deal
with currency firms that use it.
Israel Securities Authority (ISA) chairman Shmuel Hauser said he will bring to the authority's board a regulatory proposal to enforce a sweeping ban on digital
currency firms from trading on Israel's only public exchange.
US advocacy group Coin Center has said that an anti-money laundering bill before the Senate could disrupt existing rules for
digital currency firms.
The companies would be the first virtual
currency firms to operate in the Philippines after regulators legalised their entry into an economic zone in February, in contrast to neighbouring countries which have not allowed such entities.
Bitcoin is passé to many in the tech world these days, but Circle didn't get the memo: the virtual
currency firm is plowing ahead...
The New York State Department of Financial Services (NYDFS) has released the third and final version of BitLicense, a regulatory framework for virtual
currency firms.
«NYDFS announces approval of first bitlicense application from a virtual
currency firm».
The first working meeting found Minister Anna Streżyńska and other public officials opening a dialogue with representatives of the Polish Bitcoin Association, digital
currency firms, academics and lawyers last month.
That said, we have not yet issued any licenses to virtual
currency firms», said Matthew Anderson, a spokesman for NYDFS superintendant stated.
Cryptovalley in Zug is already famous as a laissez faire hub virtual
currency firms.
In its filing, the association called on the Treasury to intervene on behalf of digital
currency firms and make banks more willing to establish relationships with the cryptocurrency sector.