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US Senate Banking Committee Now Has A Bitcoiner + More News
4.2.2021
Cynthia Lummis. Source: Twitter/@CynthiaMLummis
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
A Bitcoin (BTC) supporter US Senator Cynthia Lummis is now serving on the US Senate...
Bitcoin-touting Senator Lummis appointed to Banking Committee
4.2.2021
In announcement the appointment, Lummis made clear that she hopes to get digital asset legislation moving
Crypto Banking Company BCB Group Hires Former Coinbase UK CEO
3.2.2021
Feroz will bring experience "built across the global payments and fintech industry," BCB Group said
Visa Signals Further Crypto Ambitions With API Pilot for Bank Customers to Buy Bitcoin
3.2.2021
Visa is working with Anchorage to allow customers at traditional banks to "buy and sell digital assets such as Bitcoin."
Switzerland’s Crypto Broker AG Wins Securities House License From FINMA
1.2.2021
Banks can tick a box and start trading with us, said CEO Rupertus Rothenhaeuser
DeFi is the future of banking that humanity deserves
31.1.2021
Public trust in banks and bankers never fully recovered after the Great Recession, and DeFi has ground to cover in this particular area
US Congress Plans Hearings on GameStop Market Pumps
28.1.2021
While Congress is planning multiple hearings, it's less clear what financial regulators might do
Fair Banking Delayed, Nuclear-powered Bitcoin Mining + More News
28.1.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
The US Office of the Comptroller of the Currency (OCC) said it has paused publication of its rule to ensure large banks provide...
OCC Halts Fair Access Banking Rule
28.1.2021
The rule would have prohibited US banks from denying services based on ideological factors
Iran Finds Scapegoat In ‘Easy Victim’ Bitcoin as Officials Shut Down 1,600 Mining Farms
27.1.2021
As Iran experiences rolling electricity blackouts, the country’s authorities have responded to the crisis by targeting bitcoin mining farms. The sanctions-hit country’s campaign against miners has seen a total of 1,600 mining centers being shut down. This Iranian blitz on cryptocurrency...
Panamanian Lawmakers to Hold Discussions on Regulating Cryptocurrencies in the Country
23.1.2021
Panamanian lawmakers will start to analyze a draft bill that seeks to regulate cryptocurrencies in the nation. Local deputy (MP) Rolando Rodríguez presented the bill to the Commerce Commission of Panama’s National Assembly. Draft Bill’s Author: Panama Is Lagging Behind Other...
Law Decoded: Bank payments going global with stablecoins and CBDCs, Jan. 15–22
22.1.2021
Retail users may have to wait in much of the world, however
Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator
22.1.2021
Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency...
Signature Bank Crosses $10B in Deposits From Crypto Customers
21.1.2021
Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate
Signature Bank Adds $2.5B in Non-Interest Bearing Deposits in Q4
21.1.2021
The figure is seen as a proxy for growth among crypto-industry clients
Former Ripple advisor set to become Comptroller of the Currency: WSJ
21.1.2021
President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency
Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules
20.1.2021
The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation. Smaller Companies Unlikely...
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
20.1.2021
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen...
Huobi Global Connects to European Banking System via UK’s BCB Group
18.1.2021
The crypto exchange is partnering with BCB Group to get instant GBP and euro settlement for its customers
Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC
15.1.2021
The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country. In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter...