regulatory

A comprehensive regulatory overview of the British Virgin Islands

A comprehensive regulatory overview of the British Virgin Islands

June 8, 2021, 8:24AM EDT • 12 min read Quick Take The BVI still lack a comprehensive regulatory framework for digital assets. Nonetheless, the BVI are currently one of the most competitive jurisdictions for  Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem …

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Hawaii to Let More Crypto Companies Join Regulatory Sandbox

Hawaii to Let More Crypto Companies Join Regulatory Sandbox

Hawaii is letting more companies play in its no-license-necessary digital currency sandbox. The state reopened applications for Digital Currency Innovation Lab (DCIL) hopefuls on Monday, raising the possibility that yet more crypto exchanges and service providers could soon do business in the historically restrictive-to-crypto islands. State law requires crypto companies maintain cash reserves equivalent to …

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UK crypto ATM operators have scrambled to keep up with new regulatory demands. Will it be enough?

UK crypto ATM operators have scrambled to keep up with new regulatory demands. Will it be enough?

Quick Take Crypto ATM businesses have been hit hard by the pandemic lockdowns — and face strict anti-money-laundering rules. Operators have introduced a raft of new checks on would-be customers in 2020, leading in some cases to lower usage.  This feature story is available to subscribers of The Block Daily. You can continue reading this …

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Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

Bank of France Deputy Governor Denis Beau, speaking Thursday at the Paris Blockchain Summit, discussed the progress being made with the central bank digital currency (CBDC) and touched upon possible regulatory changes and the legal framework. Beau said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the …

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U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should …

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State lawmaking at the heart of blockchain regulatory evolution

State lawmaking at the heart of blockchain regulatory evolution

The following article was contributed by Michael Henson and Dean Galaro, attorneys in Perkins Coie LLP’s Blockchain Technology industry group. Little Federal Lawmaking Supreme Court Justice Louis Brandeis labeled states as the “laboratories of democracy,” and this is being borne out in real-time with the rapid development of blockchain-based technologies and the spread of cryptocurrencies. …

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Banks Won't Rush to Hold Crypto – But OCC's Regulatory Approval Makes It Harder to Ignore

Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore

The Office of the Comptroller of the Currency (OCC), a federal banking regulator in the U.S., is rapidly expanding crypto awareness on Capitol Hill. The OCC published an interpretive letter Wednesday announcing that in its view, nationally chartered banks are able to provide custody services for cryptocurrencies, a move that the industry widely praised as …

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Regulatory uncertainty keeps traditional asset managers out of the crypto space, survey takers say

Regulatory uncertainty keeps traditional asset managers out of the crypto space, survey takers say

More than half the participants in a recent The Block Research survey say that regulatory uncertainty is keeping traditional asset managers from entering the crypto and digital asset space. The Block completed 38 interviews with firms in our sample set, drawing on professionals who predominantly work in the digital asset sector. The list of participants …

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Congressman pushes blockchain bill that seeks to provide more regulatory clarity

Congressman pushes blockchain bill that seeks to provide more regulatory clarity

U.S. Congressman Brett Guthrie (R-KY) introduced a set of bills with a focus on the use of blockchain in the American economy and artificial intelligence (AI) to combat nefarious online activity. The Advancing Blockchain Act is one of several bills related to emerging technology introduced through the Energy and Commerce Committee and Consumer Protection and …

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