PayPal to start letting US customers pay in Bitcoin at global merchants
Online payments giant PayPal will start to accept cryptocurrency as a medium of exchange at its millions of global merchants, the firm’s president and CEO revealed on Tuesday ahead of a formal announcement.
News broke regarding PayPal’s rumored decision to accept cryptocurrencies early on March...
UK authorities to focus on stablecoin regulations to prevent monopolies
John Glen, the United Kingdom's financial services minister, has said that stablecoins will be the main focus of the government’s crypto regulatory activity.
Glen made delivered his comments while addressing a conference organized by City & Financial Global on Tuesday, Reuters reported.
For Glen, the U.K.’s decision to...
Powers On… Why the SEC is not your friend (and how to deal with that)
Powers On... is a new monthly opinion column from Marc Powers, who, after a stint with the SEC, spent much of his 40-year legal career working with complex, securities-related cases in the United States. He is now an adjunct professor at Florida International University...
Dubai regulators call for public feedback on proposed crypto laws
The Dubai Financial Services Authority, or DFSA, is continuing its efforts to create a standardized framework for cryptocurrency regulations in the megacity.
According to a DFSA press release issued on Monday, Dubai's financial regulator has called on members of the public to submit comments on...
Bahamas’ Sand Dollar nears commercial rollout as interoperability completed
The Central Bank of the Bahamas has announced that its central bank digital currency, the Sand Dollar, is expected to achieve full interoperability between its various wallet providers within the week.
A recent statement released by the CBoB revealed that authorized financial institutions, or AFIs,...
Indian crypto exchange execs intensify lobbying efforts to prevent ban
Nischal Shetty, CEO of Indian crypto exchange WazirX, and other stakeholders in the industry are reportedly working toward convincing the government to adopt more nuanced cryptocurrency regulations.
According to a report by The Economic Times, the country’s Blockchain and Crypto Council has drafted a presentation...
Catalytic event or unbridled optimism? Coinbase approaches public listing
The Coinbase direct stock listing could be a rite of passage for the blockchain and cryptocurrency industry, and the announcement on March 20 by the United States Commodity Futures Trading Commission of a $6.5-million fine against Coinbase for “wash trading” and filing misleading information...
Former OCC official says crypto has backing but dollar ‘may not’
Brian Brooks, former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, has claimed that cryptocurrencies like Bitcoin (BTC) have some backing, while the U.S. dollar may not have any.
Brooks gave his remarks in a CNBC Squawk...
2020: Year 11 Of “The Transformation”
2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean...
A Commentary On FinCEN’s Proposed KYC Requirements
Policy DivisionFinancial Crimes Enforcement NetworkP.O. Box 39Vienna, VA 22183FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47January 4, 2020Dear Sir or Madam,The proposed regulations on currency transaction reports and record-keeping seem to require that banks and money services businesses (MSBs) be able to prove that an identified...
