Wells Fargo Hosts "Virtual Currency: Viability, Compliance, & Direction"
Wells Fargo to host a public event on virtual currencies. Last week, here at CCN we reported on Wells Fargo calling a Bitcoin Summit to discuss "Rules of Engagement" for banks and Bitcoin. This original private summit was held on January 14th, 2014 and was headed by Jim Richards, the Vice President in charge of Wells Fargo's financial crimes risk management division. Presumably, at the January 14th summit, Wells Fargo and other banking officials saw a greater need for wider dialogue that included the public. According to this flyer released by Wells Fargo yesterday, Wells Fargo and Buckley....
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The fourth largest bank in the United States - Wells Fargo - has announced a discussion event that will cover the topic of virtual currencies and its viability, compliance, and direction. The event will be moderated by Director of Financial Crimes Risk Management at Wells Fargo Jim Richards, and will feature the following panelists (who will be allotted 10-15 minutes each for presentations): Margo Tank, Partner, Buckley Sandler. Albert Wenger, Partner, Union Square Ventures. Jeremy Allaire, Founder, Chairman & CEO, Circle Internet. Seetha Ramachandran, Deputy Chief, Asset Forfeiture &....
Wells Fargo is the next major banking and financial services provider to join the mix of offering crypto assets. The news comes after last week’s report that Swiss-based institution UBS Group AG was looking to make a similar move. Wells Fargo’s Change In Perspective Just a few years ago, Wells Fargo was banning credit card […]
Wells Fargo is hosting a public event to discuss bitcoin, a week after it held a private "summit" on the cryptocurrency in San Francisco. The event is titled 'Virtual Currency: Viability, Compliance and Direction' and will take place on 28th January in a conference room at Union Square Ventures, a noted venture capital firm, in New York City. The event is open to the public, but only 60 spaces are available. Five speakers will each make 15-minute presentations, followed by questions from the audience. The speakers are. Seetha Ramachandran, the deputy chief of the asset forfeiture and money....
Wells Fargo will soon offer “a professionally managed solution” for cryptocurrency to clients. “We think the cryptocurrency space has just kind of hit an evolution and maturation of its development that allows it now to be a viable investable asset,” said the president of Wells Fargo Investment Institute. Wells Fargo Getting Into Crypto Darrell Cronk, the president of Wells Fargo Investment Institute, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, revealed his team’s crypto plans to the Insider in an interview published....
"Rules of Engagement" are the exact words that Wells Fargo used, I can't make this stuff up guys... Even if I wanted to. As reported first in an FT article by Stephen Foley and Camilla Hall, Wells Fargo's anti-money laundering chief Jim Reynolds has launched a group to investigate how exactly Wells Fargo, and major financial institutions by extension and inclusion, might offer banking arrangements safely to Bitcoin-related services. Wells Fargo's chief executive John Stumpf further elaborated stating that it was Wells Fargo's standard bank practice to look into any financial innovations,....