Ideas vs. practice: How are regulators working together on crypto?
While the calls for globally coordinated regulation for cryptocurrencies is a noble effort, the practicality of the situation is far from ideal. The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem. Various regulatory agencies around the world view digital assets in a different light that vary significantly from one another.Recently, executive board member of the European Central Bank (ECB) Fabio Panetta mentioned in a written statement for a speech to Columbia University that regulators should....
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A nationally recognized class-action law firm, Berns Weiss LLP, has announced something they are calling the 'Digital Money Practice Group', an endeavor that seeks to helping the crypto-currency community in developing "beneficial products" for the use of consumers in financial transactions. Berns Weiss says this Digital Money Practice Group will be working with consumer protection agencies in order to create safeguards for consumers in this particular sector. "After having seen the destruction the current financial system has caused on good hard working Americans, I firmly believe that....
Amid the weight of regulatory scrutiny, Binance continues to grow its international compliance team for better relations with financial regulators. Crypto exchange giant Binance has hired Mark McGinness, former head of international relations at the Dubai Financial Services Authority (DFSA), as its chief regulatory liaison officer.According to an announcement issued on Thursday, Binance stated that McGinness will contribute to the company’s push towards better relations with regulatory bodies across the globe.Indeed, McGinness is the latest Binance hire with expertise in regulatory....
Imagine what you would do if you could start your life at the start of the U. S. Dollar? Would you start "Bank of America", or the New York Stock Exchange? There are people doing just that, right now! These five business ideas should help you get your mind working, and thinking like a future financial mogul. Only you'll be starting your future financial fortune in The Bitcoin Age, so here are some Bitcoin business ideas to get you started. It's never too late to start a business, and the future of money is a great place to start, if you can think big, and like to be creative. See what....
A former attorney for the New York State Department of Financial Services (NYDFS) involved with the development of the state’s BitLicense regulatory regime has been hired by international law firm Perkins Coie. Dana Syracuse, who joined the firm last week, is now senior counsel for Perkins Coie’s Technology Transactions and Privacy practice, based in New York. There, according to the firm, he will help spearhead its work in the blockchain and digital currency space. Syracuse will be working on both legal issues related to blockchain as well broader fintech, describing it to CoinDesk as an....