Category: United States

The crypto FBAR: Implications beyond

The crypto FBAR: Implications beyond

The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency as a type of reportable account.  In […]

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Linux Foundation launches blockchain-based platform for insurance

Linux Foundation launches blockchain-based platform for insurance

The Linux Foundation and the American Association of Insurance Services are co-launching a blockchain-based platform to help the insurance industry. 11161 Total views 33 Total shares The Linux Foundation, the nonprofit technology consortium that supports the Linux operating system, is backing a new blockchain-based project for the insurance industry. On Monday, the foundation announced the launch of […]

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You don’t own me: XRP price surge defies SEC’s clamp-down on crypto

You don’t own me: XRP price surge defies SEC’s clamp-down on crypto

After the United States Securities and Exchange Commission initiated a lawsuit against Ripple alleging that the firm had been indulging in the sale of securities worth $1.3 billion, a number of prominent exchanges across the globe (including Coinbase, Kraken, OKCoin) proceeded to delist Ripple’s native cryptocurrency, XRP, from their platforms.  As a result, many across […]

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State Street to provide tech for institutional Bitcoin trading platform

State Street to provide tech for institutional Bitcoin trading platform

Currenex, a State Street-owned FX platform, will provide its infrastructure for the Pure Digital cryptocurrency exchange. 6130 Total views 27 Total shares State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform. Currenex, a foreign exchange technology […]

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