Former directors of Canaan Inc. are investing in the Shanghai firm and will help launch its new mining subsidiary.
“The burdensome information collection and reporting requirements deprive U.S. companies like Square of the chance to compete on a level playing field,” Dorsey said.
The custody-focused arm of Genesis, a crypto firm offering services to institutional traders, has been added to the UK regulator’s interim register.
The post Genesis Custody added to FCA’s temporary crypto register appeared first on The Block.
Bitcoin is increasingly competing with gold as an investment asset and has scope for substantial gains over coming years, according to JPMorgan strategists.
The pivot comes less than two months after the firm received a market cap deficiency notice from NASDAQ, which warns of delisting risks.
The post NASDAQ gaming firm stock soared 87% on news entering crypto mining appeared first on The Block.
The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.
FinCEN’s deadline for public commented on its proposed crypto wallet regulation ends just before midnight at January 4.
The post As FinCEN’s comment window on crypto wallet rule comes to a close, uncertainty on path forward remains appeared first on The Block.
Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.
National banks and federal savings associations can use public blockchains and stablecoins for settlement, The Office of the Comptroller of the Currency (OCC) said in an interpretive letter published late Monday.
The post US regulator: Federally chartered banks can facilitate stablecoin payments, issue their own appeared first on The Block.
Square is the latest company to oppose FinCEN’s new wallet proposal, which will require services to disclose transactions over $10,000 and keep record of transactions over $3000.
The post Square says new FinCEN wallet proposal will inhibit crypto adoption and hinder law enforcement efforts appeared first on The Block.
