Traditional

US representatives ask Mnuchin to extend comment period for proposed wallet rule to traditional 60 days

US representatives ask Mnuchin to extend comment period for proposed wallet rule to traditional 60 days

Eight members of Congress have sent a letter to Treasury Secretary Steve Mnuchin expressing concern over the shortened comment period for the Treasury’s recently proposed rule for virtual currency transactions. The Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking that would require more stringent know-your-customer and reporting measures for exchanges, cracking down …

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Why Are Traditional Investors So Hungry for Yield Curve Control?

Why Are Traditional Investors So Hungry for Yield Curve Control?

When FOMC minutes suggested the Federal Reserve might not employ yield curve control, the markets reacted angrily. On today’s edition of The Breakdown’s Long Reads Sunday, our selections have to do with one of the hottest topics in central banking: yield curve control.  “What Is Yield Curve Control?”The first piece is from the St. Louis …

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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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AVA Labs Will Splash Millions to 'Brain Merge' DeFi and Traditional Finance

AVA Labs Will Splash Millions to ‘Brain Merge’ DeFi and Traditional Finance

Now that its public testnet is live, Emin Gun Sirer’s AVA Labs wants to invest heavily in building a DeFi space more in its own image. Speaking on Google Hangouts, AVA Labs COO Kevin Sekniqi told CoinDesk the company was focusing its energies on a new grants program, made available through its new venture arm, …

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