How to Start a Money Transfer Business – Compliance & Law Tip! (The last point is the most serious. You cannot afford to screw up in this business when it comes to compliance and the law. Watch the video for more information). Transcription: Hello. My name is Faisal Khan. I’m a banking and a payment […]
When governments fail to come up with solutions, courts often have to step in to provide guidance. A petition seeking the government to act on Bitcoin has landed in India’s Supreme Court. The case is likely to come up for hearing in January 2018. Source: Bitcoin & co: India’s crypto-currency debate heads to the courts, […]
Launching a fintech sandbox can help states promote investment, job growth and innovative products. States must recognize how their patchwork of different regimes stifles innovation, but they also have an opportunity to help maintain U.S. competitiveness in the global fintech marketplace. Source: Regulatory sandboxes can help states advance fintech | American Banker
Silicon Valley Bank Survey Silicon Valley Bank Survey is out. The Innovation Economy Outlook 2015 is a brief survey that discusses the US Public Policy: Innovation leaders ask government to support, not hinder, progress. [Read summary here].
What recourse do Bitcoin companies operating in the US have in light of the recent ruling by FinCEN?
On October 27, 2014, the Financial Crimes Enforcement Network (FinCEN) released new guidance for custodial bitcoin exchanges and payment processors, ruling that such companies may be considered money services businesses under US law. The past couple of days have been very hectic. Besides fielding calls from lots of people, everyone is asking the same […]
The US Financial Crimes Enforcement Network (FINCEN) released its opinion on: Request for Administrative Ruling on the Application of FinCEN’s Regulations to a Virtual Currency Payment System yesterday (27th October 2014). The ruling which is an update to an earlier ruling of October 2013, in which only Bitcoin Exchanges were subject to the Money […]
The legal research center of the Law Library of Congress recently published a report that highlights the legality and regulation of bitcoin in various countries of the world. The report comments on the legal and regulatory status of Bitcoin in 41 countries. The report was published by the The Law Library of Congress by their […]
Bitcoin will prosper — until governments or banks decide to crush it overnight — Tech News and Analysis
Interesting read on GIGAOM what could be the outcome of Bitcoin – will it live or will it be crushed to death? Bitcoin will prosper — until governments or banks decide to crush it overnight — Tech News and Analysis.