Category: Policy & regulation

New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks

New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks

Oct 29, 2020 at 13:30 UTC New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change. In a letter sent to all regulated entities on Thursday, the New York Department of Financial Services (NYDFS) said that it expects firms, including virtual currency businesses, to start assessing […]

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Former BitLicense Chief to Manage Andreessen Horowitz’s Cryptocurrency Efforts

Former BitLicense Chief to Manage Andreessen Horowitz’s Cryptocurrency Efforts

Oct 28, 2020 at 13:46 UTCUpdated Oct 28, 2020 at 14:20 UTC Marc Andreessen, a16z co-founder(JD Lasica/Flickr) Former BitLicense Chief to Manage Andreessen Horowitz’s Cryptocurrency Efforts The one-time New York State finance regulator who shepherded the state’s BitLicense through its early days will join tech ventures fund Andreessen Horowitz (a16z) to focus on cryptocurrency companies. […]

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US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise

US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise

Oct 23, 2020 at 18:35 UTCUpdated Oct 23, 2020 at 19:31 UTC (Rob Crandall/Shutterstock) US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise The Federal Reserve, the U.S.’ central bank, published a proposed rule change Friday asking about the recording requirements for money transfers involving virtual currencies. According to the rule […]

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Vortex Blockchain’s Registration Revoked for Failure to File Reports With SEC

Vortex Blockchain’s Registration Revoked for Failure to File Reports With SEC

Oct 23, 2020 at 18:11 UTCUpdated Oct 23, 2020 at 18:34 UTC (AevanStock/Shutterstock) Vortex Blockchain’s Registration Revoked for Failure to File Reports With SEC The Securities and Exchange Commission said it accepted a settlement offer by Vortex Blockchain Technologies to have its registration revoked for failing to file any periodic reports with the commission since […]

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What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators

What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators

Oct 23, 2020 at 17:42 UTCUpdated Oct 23, 2020 at 18:08 UTC (Tingey Injury Law Firm/Unsplash, modified by CoinDesk) What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators When I first suggested Systemically Important Social Media Institutions (SISMIs) were the social media parallel to Systemically Important Financial Institutions (SIFIs), I did […]

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