The Cayman Islands’ Ministry of Financial Services introduced the nation’s regulatory framework for virtual asset service providers (VASPs) on Saturday (Oct. 31), according to a press release. The framework consists of two phases, the first, which began on Oct. 31, focuses on anti-money laundering (AML)...
Acting Comptroller Brian Brooks, speaking on a podcast recently, said banks in the U.S. were exploring ways to adopt crypto after the Office of the Comptroller of the Currency (OCC) made a decision over the summer letting banks provide custody of crypto. According to CoinDesk,...
The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. Bank Governor Tiff Macklem told Reuters that the central bank is working with G7 to develop its digital currency plans,...
Overstock.com Inc.’s fully owned subsidiary, Medici Ventures, unveiled an $8 million equity investment in its Barbados-based keiretsu firm Bitt, according to a Wednesday (Oct. 28) announcement. A keiretsu relates to a Japanese business made up of a network of various firms. Bitt was started in...
On P2P marketplace Paxful, traders are selling up to $16.2 million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful’s trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says,...
Stellar CEO Denelle Dixon will be part of a new four-person panel on the private sector’s role in addressing cross-border payment issues at the International Money Fund (IMF)’s annual meeting on Monday (Oct. 19). Jonathan Dharmapalan, CEO of eCurrency; Rory MacFarquhar, senior vice president at...
“The Crypto Cruise Ship” is getting ready to depart from the Mediterranean and anchor in the Gulf of Panama, according to an announcement. The “MS Satoshi,” as the ship is to be named, is 804 feet and was bought rom a cruise ship company, according...
DeFi, which is also known as “decentralized finance,” has been included in an increasing wave of business promotions in 2020, Bloomberg reported. An operating system that has been active for a minimum of three years, Tron, recently issued a DeFi token. Tao Network has been...
Singapore’s Qume is seeing an influx of new customers in the wake of the charges from the U.S. against BitMEX, CoinDesk writes. CEO Aditya Mishra said the company has seen around 2,000 customer sign-ups in the last week or so as almost 30 percent of...
