Colombia’s Financial Superintendent Approves Nine Crypto Platforms to Work Wi...
In Colombia, the entity managed by the Ministry of Finance and Public Credit, the Financial Superintendence of Colombia (Superfinanciera) has revealed the authorization of alliances between Colombian banks and digital currency exchanges. So far, Colombia’s financial department has approved nine partnerships between exchanges and national banks in order to make cryptocurrency operations more accessible to citizens. Colombia’s Financial Superintendent Wants to Spread Crypto Accessibility The Republic of Colombia in South America has been friendly toward crypto assets like bitcoin....
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The South American country of Colombia has a crumbling financial system but the bitcoin market has enormous potential. Bitcoin.com interviewed SurBTC’s CEO Guillermo Torrealba about the bitcoin market in Colombia. Colombia has Enormous Potential. SurBTC operates bitcoin exchanges in Chile and Colombia. The company launched the Colombian exchange at the....
Colombia just elected a new president, and Bitcoin is the hope of both his followers and worried opposition. Who Is Gustavo Petro? As per the NYTimes, only 58% of Colombia’s 39 million voters showed up to cast vote. With over 50% of the vote, Gustavo Petro was elected president. This is a major event for […]
New York State Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky is stepping down next month and is said to be planning to establish a legal consulting firm. While the news created a slew of headlines, some media outlets were able to uncover new details. For example, The New York Post indicated that Lawsky would seek to advise clients on matters involving bitcoin and digital currencies, citing anonymous sources. According to a 20th May press release, the NYDFS announced that Lawsky will leave office in late June after serving as superintendent of New York's top....
The Kazakhstan national parliament has passed a law that subjects crypto service providers to the country’s financial monitoring system. The law aims to protect investors and also prevent crypto-related crimes from happening. According to a local report, the legislation mandates crypto platforms in the country to follow Anti-Money Laundering (AML) regulations. It is called the law […]
The New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will be the first of its kind available to the public.” To date, the regulator has given out 27 charters and licenses for companies engaged in crypto activities. First Regulated Yen Stablecoin Approved in NY The New York State Department of Financial Services (DFS) has granted a charter under New York Banking Law to GMO-z.com Trust Company Inc., a subsidiary of the Japanese giant GMO Internet. This enables the....