Sentences with phrase «virtual currency industry»

We counsel virtual currency industry clients on such regulatory issues as compliance with the Bank Secrecy Act, FinCEN regulations, and securities and commodities laws and regulations.

MANILA, Philippines - The Bangko Sentral ng Pilipinas has approved the registration of two companies to engage in the operation of bitcoin exchanges as part of efforts to regulate the fast growing but potentially risky virtual currency industry.

«We believe that — for a number of reasons — putting in place appropriate regulatory safeguards for virtual currencies will be beneficial to the long term strength of the virtual currency industry,» Benjamin Lawsky, New York's superintendent for financial services, wrote in a draft memo reviewed by the Journal.

«I'm worried about the systemic risk that this centralized company poses, and I'm worried that if they go down, they will take down the space with them,» said Emin Gün Sirer, a computer science professor at Cornell University, who has a track record of successfully predicting problems in the growing virtual currency industry.

Despite these criticisms, the proposed act has received tremendous support from a large number of firms currently active in the virtual currency industry.

The ULC's decision is expected to come out today, and if adopted, the model act will send shockwaves through the virtual currency industry and could potentially establish a foundation for virtual currency enterprises to engage in business without doubt and ambiguity.

Prices of cryptocurrencies tumbled during the Asian trading session on Wednesday, as more attacks were directed at the virtual currency industry from prominent figures such as JPMorgan CEO Jamie Dimon and from NORTH KOREA.

Yuzo, the CEO of bitFlyer announced, «When I set up bitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long - term future of Bitcoin and the virtual currency industry.»

Over the past few months, SBI has been entrenched within the virtual currency industry as the bank plans to incorporate multiple types of cryptocurrency business models.

The tracker seeks to provide updates and information on all active legal proceedings in the United States involving cryptocurrency companies, yielding greater transparency regarding the legal embroilments of companies operating in the virtual currency industry.

«Based on the recent developments in the virtual currency industry, we are studying various possibilities, including investments and partnerships with other companies, in order to further strengthen our system and management, but we have not made any decisions at present,» he wrote.

But Mr. Pokornicky said the virtual currency industry needed to alert new users to the added risk that comes with the new features of the technology.

As part of Gemini's mission to build the future of money, we believe in the importance of thoughtful regulation in the virtual currency industry.

Starting in 2014, we -LSB-...] As part of Gemini's mission to build the future of money, we believe in the importance of thoughtful regulation in the virtual currency industry.

Speaking about the importance of today's announcement, founder, and CEO of bitFlyer and ex-Goldman Sachs trader, Yuzo Kano, said, «When I set up bitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long - term future of Bitcoin and the virtual currency industry.

I am proud that we are now the most compliant virtual currency exchange in the world; this coveted regulatory status gives our customers, our company, and the virtual currency industry as a whole a very positive future outlook.»

When I set up BitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long - term future of Bitcoin and the virtual currency industry.

Before the BitLicense law was enacted, there was a general consensus by early bitcoin adopters to have a set of clear rules and regulations that would govern the virtual currency industry.

While talking about the importance of this announcement, founder and CEO of bitFlyer, Yuzo Kano said: «When I set up bitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long - term future of Bitcoin and the virtual currency industry.

Bitcoin and Ethereum are the two most popular cryptocurrencies in the virtual currency industry.

Yuzo Kano, CEO of bitFlyer, said that proper regulation was «fundamental to the long - term future of Bitcoin and the virtual currency industry».

The brothers have been discussing the for self - regulation of the virtual currency industry with the US regulators and legislators, according to the official statement published on Gemini Exchange website.

A report published by The Phnom Penh Post suggests that Cambodia's virtual currency industry is pressing forward in spite of the regulatory ambiguity surrounding cryptocurrencies in the country.

In this opinion piece, Lance provides an overview of upcoming legal changes in Washington state that affect the virtual currency industry.

An overview of upcoming legal changes in Washington state that affect the virtual currency industry.

Over the past few months, SBI has been entrenched within the virtual currency industry as the bank plans to incorporate multiple types of cryptocurrency business models.

VIBE also suggested that the Petro token be developed on the Ethereum network, a popular choice in the virtual currency industry.