Cryptocurrency Analysis and News Portal
Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator.“The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the
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Texas regulators are going after a host of crypto firms they allege to be investment scams, 10 of which they say are are controlled by a single Texas man.The Texas State Securities Board on Thursday ordered 15 firms to cease and desist operations with a series of emergency orders against
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The concept behind OpenDefi is simple. Real assets, such as real estate and gold, can be tokenized to provide fractional ownership to holders.According to a 2018 report by the World Bank, financial inclusion is improving around the world due to the growth of internet access and smartphones. Despite this growth,
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Gary Gensler, a Washington and Wall Street veteran who has closely studied the budding cryptocurrency field, will lead the financial policy transition team for projected U.S. President-elect Joe Biden.A former chairman of the Commodity Futures Trading Commission (CFTC), Gensler was tapped to lead the agency review team for the Federal
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This is what skeptical investors are saying:1. “It’s a bubble.”Andy Edstrom, CFA, CFP, is the author of the book Why Buy Bitcoin, a financial advisor, and Head of Institutional at Swan Bitcoin. He is a speaker at CryptoX's Bitcoin for Advisors event, November 9 and 10, 2020. 2. “It’s just
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Cryptocurrency might be a perfect addition to a financial service practice, if you’re trying to grow and maintain your business.Why would I say this when we know that most advisers would never tell their clients to allocate more than 5% of their portfolio to cryptocurrencies?Adam Blumberg is a Certified Financial
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According to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers within the country will no longer be able to handle any digital assets that present a high money laundering risk. These updates were made as part of the guidelines under the Special
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New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change.In a letter sent to all regulated entities on Thursday, the New York Department of Financial Services (NYDFS) said that it expects firms, including virtual currency businesses, to start assessing such risks
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Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming. Avanti Financial’s banking charter was approved unanimously by the Wyoming State Banking Board on Wednesday, becoming the second newly chartered bank in the state in 2020 after Kraken Financial earned approval last month.Avanti,
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When I first suggested Systemically Important Social Media Institutions (SISMIs) were the social media parallel to Systemically Important Financial Institutions (SIFIs), I did not expect the theory to be picked up by financial regulators.As it turns out, the New York Department of Financial Services (NYDFS) essentially agrees with the argument,
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