A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment ...
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The state of Solana: Will the layer-1 protocol rise again in 2023?
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Despite the latest FTX-related crisis, Solana still has what it takes to win the layer-1 race, according to the head of strategy at the Solana Foundation, Austin Federa.
Fed policy to align bank oversight could limit crypto activities by state banks
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The United States Federal Reserve Board announced Jan. 27 that it was issuing a policy statement on limitations on banks. The policy seeks to create a level playing field and limit regulatory arbitrage for state banks with deposit insurance, state ...
State senator pushes bill to make Bitcoin legal tender in Arizona
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Wendy Rogers, a state senator in Arizona, United States, has launched bills concerning cryptocurrency, including one that aims to make Bitcoin (BTC) a legal tender in Arizona. In a recent tweet, Rogers cited data from investment firm Goldman Sachs that ...
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product – Bitcoin News
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The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo ...
State of the Swiss Market
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Compared to other European markets the Swiss p2p lendng market has been late in developing. Regulatory hurdles and an upper limit on interest rates for consumer loans of 10% (12% for card loans) have slowed development of the market. But ...
Binance Now Authorized in 7 EU Countries — Sweden Becomes Latest Member State to Give Approval – Regulation Bitcoin News
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Crypto exchange Binance is now legal to operate in seven European countries following the latest approval by Sweden’s financial regulator. Overall, Binance has been approved to operate in 15 jurisdictions, including seven EU countries. Binance Approved to Operate in 7 ...
Scammers impersonate US State Department, claiming to help affected FTX users
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With the FTX collapse leaving many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of already injured victims by posing as government officials. In a press release, the Oregon Division of Financial ...
‘Faster, Open and Embedded’: A Journey into The Fintech State of the Union Report
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At this year’s Money 20/20 USA in Las Vegas, The Fintech Times stopped by the Discover® Global Network booth to hear more about its latest Fintech State of the Union report. The second annual research study by 451 Research, a ...
SBF’s Bahamian prison reported for ‘harsh’ conditions and ‘degrading treatment’ — US State Dept
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After being denied bail in a Bahamas Magistrate Court, former FTX CEO Sam Bankman-Fried could spend up to two months in the country’s Fox Hill Prison, a facility with reported cases of physical abuse against prisoners and “harsh” conditions. Authorities ...