USA | ForkLog - Part 175

ForkLog 58 14.01.2021

Anchorage becomes the first federally chartered digital-asset bank in the United States

The Office of the Comptroller of the Currency (OCC) within the U.S. Treasury approved Anchorage's custody application for a nationwide digital-asset bank license.

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ForkLog 16 13.01.2021

SolidX accuses VanEck of plagiarising bitcoin-ETF filing

The fintech startup SolidX has filed a lawsuit against investment firm VanEck. The filing concerns its application to register a bitcoin-based exchange-traded fund (ETF), Law360 reports.

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ForkLog 34 13.01.2021

Owner of RG Coins Bitcoin exchange sentenced to ten years in prison for money laundering through cryptocurrencies

A U.S. court found the owner of the RG Coins cryptocurrency exchange, Rossen Iosifov, guilty of money laundering and involvement in a multi-million-dollar fraud scheme targeting U.S. residents.

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ForkLog 21 13.01.2021

OCC chief Brian Brooks to step down, reports say

The head of the Office of the Comptroller of the Currency (OCC) within the U.S. Treasury, Brian Brooks, will leave the post by the end of the week, according to Politico reporter Victoria Guida.

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ForkLog 23 13.01.2021

Former CFTC chief Gary Gensler to head the SEC

The post of the head of the U.S. Securities and Exchange Commission (SEC) will be filled by financier Gary Gensler, Reuters reports, citing sources.

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ForkLog 17 13.01.2021

Visa Abandons Plaid Acquisition After DOJ Lawsuit

The payments giant Visa has abandoned the purchase of fintech startup Plaid. This was stated in a joint statement.

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ForkLog 25 12.01.2021

Opinion: New crypto-regulation rules will leave small banks on the sidelines

Avanti founder Caitlin Long called OCC rules allowing banks to issue stablecoins a double-edged sword, according to Decrypt.

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ForkLog 10 12.01.2021

Kentucky lawmakers propose tax exemptions for bitcoin miners

Representatives of the Kentucky House of Representatives introduced a bill offering tax breaks for bitcoin miners. It is designed to boost the state's appeal for commercial cryptocurrency mining.

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ForkLog 19 12.01.2021

Gemcoin founder sentenced to prison for $147 million fraud

U.S. District Judge John F. Walter found Gemcoin founder Steve Chen guilty of orchestrating a fraudulent scheme. This is according to a Justice Department statement.

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ForkLog 10 11.01.2021

Owner of two New York bars lists them for sale in cryptocurrency

The owner of Hellcat Annie's and Scruffy Duffy's bars in New York is prepared to sell them exclusively for cryptocurrency. The price for the two adjacent establishments is 25 BTC or 800 ETH (~$850,000), according to New York Post.

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ForkLog 21 05.01.2021

US regulator authorises banks to issue stablecoins

The Office of the Comptroller of the Currency (OCC), part of the U.S. Department of the Treasury, has allowed national banks and federal savings associations to use public blockchains and stablecoins for settlement on behalf of customers.

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ForkLog 20 04.01.2021

Regulation at Scale: What Changed for Bitcoin and Cryptocurrencies in 2020

In 2020, many countries advanced regulation of the cryptocurrency industry. The COVID-19 pandemic provided a powerful catalyst, as Bitcoin gained traction among institutional investors seeking regulatory clarity.

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