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New York City’s mayor Bill de Blasio declared a state of emergency in response to the coronavirus outbreak yesterday. “The only analogy is war,” he said — and the consequences for the crypto industry, as for all others, are sobering.Even ahead of de Blasio’s action, the New York Department
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Sharing is caring!Aqilliz, a blockchain solutions provider is partnering with Moving Walls, a global advertising technology company, to facilitate the world’s first blockchain-powered Digital Out-of-Home (DOOH) advertising pilot for global mobile food delivery giant, for Foodpanda, who works with 27,095 restaurants in 193 cities and over 15,733 delivery riders in
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Canadian authorities have approved funding of two blockchain firms, Peer Ledger and Mavennet, to create a platform that enables steel traceability, reported Ledger Insights on March 9.The Innovation, Science, and Financial Development Canada (ISED), a government initiative in charge of promoting the research and development of Canadian small and
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The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. The court’s bench of Justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian, delivered the judgment earlier today, March 4, litigation news site Live Law reported.Landmark rulingIndia’s central
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Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel's attorney general Avichai Mandelblit.Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other illicit financial practices, Mandelblit told the Tel Aviv District
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The Internal Revenue Service has invited a number of undisclosed crypto startups to a summit on March 3 to discuss its existing approach to taxing cryptocurrencies as well as enforcement efforts, according to a copy of the invitation obtained by CoinDesk. The summit, to be held at IRS's Washington, D.C.
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Carol Van Cleef is Chair of the Blockchain and Digital Assets Team at the law firm Bradley Arant Boult Cummings. Addison Yang is CEO of Luminous Group, an advisor on blockchain projects. Peirce's CoinDesk op-ed about the safe harbor proposal is here. Preston J Byrne's take is here. We confess
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Cryptocurrency businesses worldwide are continuing to integrate fiat onramps into their operations in an effort to make it easier for customers to jump into crypto.United Kingdom-based cryptocurrency lending startup Celsius Network has launched in-app crypto purchases via a new partnership with Simplex, according to a Feb. 18 announcement. Simplex, a
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A London-based startup says it wants to become the "first digital assets merchant bank" in the U.K.According to its website, DAG Global aims to "deliver next-generation merchant banking solutions to the underserved fintech, digital and SME sector." That is, however, once it's received a banking license in the nation.DAG has
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Joint statement from the Financial Conduct Authority (FCA), the Information Commissioner’s Office (ICO) and the Financial Services Compensation Scheme (FSCS). We are aware
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