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“# Study names United States ‘most crypto-ready’ country ” Despite not having a clear regulatory framework on cryptocurrencies, the United States has positioned itself as the “most crypto-ready” nation in the world based on several key metrics, such as Google searches, crypto ATM saturation and legislation. The 2021 Crypto-Ready Index, courtesy of research firm Crypto…
“# FinCEN lists cryptocurrencies as top AML and CFT priorities ” The United States’ Financial Crimes Enforcement Network will continue to closely follow the cryptocurrency industry as one of its top priorities for combating crimes like money laundering. FinCEN officially announced Thursday that “virtual currency considerations,” or operations involving cryptocurrencies like Bitcoin (BTC), will be…
“# Investment app Betterment looking into long-term crypto offering, says CEO ” Betterment, a U.S.-based financial advisory company with roughly $30 billion under management, is mulling offering crypto investment opportunities for its customers. In an interview with Yahoo Finance released today, CEO Sarah Levy said the company had been searching for ways to offer Betterment…
“# FINRA orders Robinhood to pay $70M due in part to ‘significant harm’ platform caused users ” The U.S. Financial Industry Regulatory Authority is penalizing Robinhood to the tune of roughly $70 million based on the results of an investigation into the stock and cryptocurrency trading app. In a Wednesday announcement, the Financial Industry Regulatory…
“# NYDIG set to bring Bitcoin adoption to 650 US banks and credit unions ” New York Digital Investment Group (NYDIG) has partnered with the Atlanta-based enterprise payment behemoth NCR to enable Bitcoin (BTC) services for banks and credit unions in the United States. According to Forbes on Wednesday the deal will see 650 banks…
“#Cheers to American glory this Fourth of July!” Revolutionary words got US We’re coming into July Fourth. The historic day our Godblessed country was born. Beyond hamburgers, cold hot dogs, warm soda and uninvited ants, it’s a day for even young’ns to respect Old Glory. America’s Declaration of Independence was signed by 56 founding fathers…
“# Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges ” The world’s largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to…
“# John McAfee’s suicide reports raise disbelief, spark conspiracy theories ” Often a figure of ridicule within the crypto community thanks to his outlandish predictions as well as being a larger-than-life personality, John McAfee has ceased to be in the spotlight of the crypto community. However, following his alleged “suicide” that occurred in a Spanish…
“# Expect even more oversight of crypto from regulators, says eToro ” Crypto-friendly trading platform eToro is expecting regulators to ratchet up their oversight of the crypto industry, given the increasingly high levels of participation by retail traders and smaller investors. In comments for the Financial Times, the Israel-based company’s CEO, Yonni Assia, said: “We…
“# Foreign CBDCs and stablecoins unlikely to threaten US dollar, says Fed vice chair ” Randal Quarles, vice chair for supervision of the Federal Reserve Board of Governors, said he believed neither dollar-pegged stablecoins nor digital currencies issued by foreign central banks are likely major causes for concern for the U.S. dollar. In a prepared…