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...
Concerning draft legislation that the Department of Financial Institutions is helping develop that would add virtual currency to Washington’s money transmission law.
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...
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...
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...
The California Legislature has released a new version of AB 1326, and it’s bad news for anyone who loves Bitcoin and blockchain technology. Here are our top concerns.
The California Legislature has released a new version of AB 1326 [PDF], and it’s bad news for anyone who loves Bitcoin and blockchain technology. In the past we expressed our support for...
After the Bitfinex hack, the CFTC should open a rulemaking to clearly define what constitutes "actual delivery" of cryptocurrency under the Commodities and Exchange Act.
Yesterday we explained that CFTC’s enforcement action against Bitfinex was not the proximate cause of the exchange’s hack, but some are arguing that it was the but-for cause. It’s probably...
...Maybe. But at the very least the idea of incorruptible record keeping has gears turning in the minds of the international development community. Problems from corruption-proofing land title systems to...
A hacker made off with $70 Million worth of Bitcoin held by Bitfinex. Some have observed that this hack came right on the heels of a CFTC-Bitfinex settlement that may...