The blockchain powered future is amazing and maybe even a little scary.
In this thorough article Bloomberg BusinessWeek offers a thoughtful approach to examining what life in a world increasingly built on this technology might be like.
This week Peter Coy and Olga Khariff wrote a thorough examination of the state of “blockchain” for Bloomberg BusinessWeek. It looks at some of the technology’s use cases being developed...
Bitcoin is a legitimate technology that’s being exploited by extortionists for ransomware.
Even so, we must not forget the clear benefits to the wider world that these technologies promise and already deliver in some use cases.
That’s the conclusion of a spot-on analysis by Danny Palmer in ZDNet this week: Ultimately, it could be said that the internet itself has been a huge gift for criminals,...
State banking regulators are nervous with the prospect of a federal fintech charter.
The federal approach that we've argued for would offer another path to regulatory clarity over the state-by-state licensing patchwork that exists today, which in turn would keep the United States competitive in FinTech. According to American Banker, some state bank supervisors do not agree.
That’s what American Banker is reporting a great piece quoting several state commissioners. Bank supervisors in several states, which already oversee many examples of tech firms that provide financial services,...
We got a deeper look at how law enforcement uses Bitcoin forensics.
It is the deepest look yet into the corruption scandal that brought down two federal agents.
This compelling story from Ars Technica gives us the deepest look yet into the corruption scandal that brought down two federal agents. The duo attempted to steal and extort hundreds...
Is the EU about to impose on itself state-by-state licensing of digital currency businesses?
The easy "passporting" of licenses in the EU has been seen as a competitive edge for the bloc, but would be undermined if legislators pursue a new route proposed by the EBA requiring dozens of state-by-state AML registrations.
That's the concern raised by Diacle's Adam Vaziri in response to a new European Banking Authority report on applying EU anti-money-laundering rules to exchanges and wallets: [T]he EBA's remarks notably...
Letter to the Washington Department of Financial Institutions
Concerning draft legislation that the Department of Financial Institutions is helping develop that would add virtual currency to Washington’s money transmission law.
A direct download of this letter is available here.
How can Blockchains Improve Access to Health Data?
There's a lot of buzz about blockchains being used to improve health data systems. Emily Vaughn of Gem demystifies these potential applications and explains how these technologies may make our health information more portable and secure.
The library catalog is a relic of days gone by, but in its prime, it was the best way to find what you were looking for at the library. The...
The California bill fight is over.
Faced with overwhelming opposition ahead of a Senate banking committee hearing on Monday, and with some in the state government unwilling to compromise, the bill’s sponsor, Assemblymember Matt Dababneh, on Friday afternoon decided to drop the bill and it won’t be considered again this year.
Faced with overwhelming opposition ahead of a Senate banking committee hearing on Monday, and with some in the state government unwilling to compromise, the bill’s sponsor, Assemblymember Matt Dababneh, on...
Letter to the California Senate Banking and Financial Services Institutions Committee
Coin Center sent this letter outlining its concerns with the amended language of California's Assembly Bill 1326 Digital Currency.
A direct download of this letter is available here.
Here’s an update on the new California digital currency bill.
Legislative staff are receptive to our concerns and may amend the bill, but it remains unchanged. We have also sent a letter with our concerns to the Senate banking committee.
We've been hard at work since Assembly Bill 1326 had its language replaced with new language earlier this week. As we noted in a recent blog post, this completely new...