US State Bank Supervisors to Discuss Bitcoin at Public Hearing
In late February, the US Conference of State Bank Supervisors (CSBS), a membership organisation for state banking regulators that liaises with Congress, announced it would launch a new task force aimed at investigating emerging payments issues, including topics related to bitcoin and other digital currencies. That effort, which is now just underway, will find the CSBS speaking to a wide range of payments industry stakeholders. To date, nine state banking officials have joined the task force, including New York Department of Financial Services superintendent Benjamin Lawsky. The....
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The US Conference of State Bank Supervisors (CSBS) is planning to hold a public hearing on emerging payments issues, including digital currencies. The hearing will be organised by the CSBS Emerging Payments Task Force and it will take place in Chicago on the 16th of May. The task force was formed earlier this year to examine new trends in payment systems and determine their potential impact on consumer protection, banks and laws governing the industry. The CSBS says the purpose of the hearing will be to obtain information from a variety of entities and individuals involved in the payments....
A Brazilian deputy has requested the Finance and Taxation Committee to conduct a public hearing on Bitcoin, sources report. Manoel Junior, a congressman for the State of Paraiba, doesn't have a track record of speaking for/against the digital currency sector. His earlier public welfare initiatives were mostly focused on municipal and medical developments, showing no affiliation with the technology sector. The second-time elected politician however is backing a Bitcoin Exchange, coinBR, in their initiative to boost the Brazilian digital currency market. In his letter addressed to the....
The US Commodity Futures Trading Commission (CFTC) will discuss the application of blockchain technology in derivatives markets during a meeting of its Technology Advisory Committee later this month. According to a notice published today, the hearing will take place on 26th January at the agency’s Washington, DC headquarters. The meeting is open to the public. The notice states: "The TAC will discuss: (1) the Commission's proposed Regulation Automated Trading ("Reg AT"); (2) swap data standardization and harmonization; and (3) blockchain and the potential application of distributed ledger....
Regulatory attitudes towards cryptocurrencies around the world are shifting. Hardly a day goes by without a central bank issuing a warning on the digital currency or new tax guidelines. However, it's not all bad news - as some authorities are taking a far more positive approach. In CoinDesk's regulation roundup, Certified Public Accountant and ACFE Certified Fraud Examiner Jason Tyra examines the most significant digital currency news from the world's regulators and law courts over the past two weeks. USA. Banking Supervisors Form Task Force To Study Bitcoin. The Conference of State....
The Conference of State Bank Supervisors (CSBS) released their "Policy on State Virtual Currency Regulation" earlier today. The CSBS does not have a direct say in each states' financial laws; however, the CSBS stands as the only coalition of state bank regulators in the country and has considerable clout and influence on state banks. One of the stated goals of the CSBS is to preserve the United States dual banking system. The proposed CSBS regulatory framework resembles the BitLicense regulatory framework already being attempted by the NYDFS. The CSBS is accepting comments for the next 60....