Financial Regulators

Tezos Raised $232 Million in a Hot Coin Offering, Then a Fight Broke Out – WSJ

Sales of digital tokens like Tezos coins have concerned regulators and become a sign for some investors of a bubble in the cryptocurrency world. One of the year’s biggest initial coin offerings, a $232 million token sale by Tezos, is embroiled in a management fight that is threatening the deal and highlighting the risks in this red-hot …

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State Regulators Mount Counter-Offensive Seeking to Stop OCC’s Fintech Charter – Lexology

This OCC vs. the State Regulators fight is going to get worse. Here is a clear cut example of where (I believe) that OCC is trying to do some good, but the State Regulators are just plain being unfair about the whole OCC charter. I worry that some state will issue a law, which would …

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The Philippines Has Decided to Regulate Bitcoin Exchanges as Remittance Companies – Cryptonight

I’ve always maintained a stance that unregulated money days are never going to be months (read: Bitcoin Remittance Transfers: What Central Banks look for in Remittances?). They will be the short equivalent of weeks. Bitcoin is no exception. Recently one of the darling countries with regards to Bitcoin, Philippines, has decided to regulate bitcoins. Our good …

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Report by AUSTRAC on Bank de-risking of remittance businesses

AUSTRAC (the Australian Financial Regulator) recently released a report on the Bank de-risking of Remittance Businesses in Australia. The short 14-page report very well summarizes the statistics of remittance in Australia with respect to RNPs (Remittance Network Providers) and also provides some interesting insights based on the AUSTRAC survey of RNPs and banks on de-risking.  You …

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Government launches consultation on enhancing anti-money laundering regulation of designated non-financial businesses and professions – Lexology

A great opinion article from Herbert Smith Freehills LLP on enhancing anti-money laundering regulations. On 6 January 2017, the Government published a consultation paper on proposals to extend the customer due diligence (CDD) and relevant… Source: Government launches consultation on enhancing anti-money laundering regulation of designated non-financial businesses and professions – Lexology

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