Bitcoin Regulation Is Still Far Away For America
Conference of State Bank Supervisors (CSBS) is a 100-year-old trade organization for state regulators that primarily concerns itself with representing state regulators interests and dealing with issues facing the industry to federal and state authorities. One of their primary invitations is advocating consistent regulations among the financial industry from state to state. The organization announced a new focus on emerging financial technologies in February of 2014. They formed a task force for emerging payment systems whose purpose was to research and develop regulations for those new....
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The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said.
Bank of America’s CEO on Crypto
Bank of America (BOA) CEO Brian Moynihan talked about cryptocurrency in an interview with Yahoo Finance Live at the recent World Economic Forum event in Davos, published Saturday.
He was asked about his bank’s plans for cryptocurrencies. “The reality is that we run a payments business across our....
Following the release of the "BitLicense" regulation by the New York Department of Financial Services, ShapeShift.io, an Altcoin and Bitcoin exchange platform has suspended service to all residents of New York State. The Bitcoin and Altcoin exchange now responds to "BitLicense" Regulation and launches a new site dedicated to consumer's protection awareness, PleaseProtectConsumers.org. In response to the new regulation, ShapeShift is redirecting all site traffic from New York to the new initiative: PleaseProtectConsumers.org and inviting other digital currency companies to do the same. The....
The new LUNA records gains amidst controversy, “Big Short” investor Michael Burry and author Robert Kiyosaki weigh in on recession, depression, and looming civil unrest. To top it all off, Bank of America’s CEO said “we have hundreds of patents on blockchain” but that regulations are blocking the institution from engaging in crypto. This is your bite-sized digest of this week’s hottest stories from Bitcoin.com News. Let’s dig in.
Bank of America CEO: We Have Hundreds of Blockchain Patents — But Regulation....
The leading virtual currency exchange, Bitcoin of America, announced its return to BTC 2022 in Miami. The company made headline last year for promoting females in a male dominant industry. Once again, Bitcoin of America made a splash at BTC 2022 with its all-female team. Bitcoin of America sent some of their top women executives to the conference. Bitcoin of America has its shown support for making the cryptocurrency inclusive to women and getting more females into the industry.
Bitcoin of America’s female team also spoke with the Miami Mayor about ways they can make a....
Bank of America is the latest traditional institution to warm up to Bitcoin, with its investment strategists set to cover four ETFs starting in January. Bank of America To Begin Endorsing Crypto Exposure As reported by Yahoo Finance, Bank of America will start recommending its clients a 1% to 4% portfolio allocation to digital assets. […]