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US Treasury Meets With Crypto Leaders to Discuss Industry Challenges

The United States Department of the Treasury met with prominent figures from the cryptocurrency space to discuss regulatory challenges.The Treasury announced on Mar. 2 that it along with industry thought leaders and compliance experts discussed the supervision of crypto assets.Secretary of the Treasury Steven Mnuchin said that the U.S.

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New Leaders at Bank for International Settlements Fintech and DLT Research Centers

The Bank for International Settlements (BIS) has appointed heads at the BIS Innovation Hub’s centers in Singapore and Switzerland.In a Feb. 19 announcement, the BIS revealed that Andrew McCormack — who currently serves as chief information officer at payment clearing and settlement firm Payments Canada — will now be

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Saudi-UAE Leaders Confirm Forthcoming Jointly-Issued Digital Currency

Saudi Crown Prince Mohammed bin Salman arrived in the United Arab Emirates (UAE) for an official visit yesterday to discuss joint policy measures, including a digital currency plan. On Nov. 27, private English-language daily UAE newspaper The National reported that Prince Mohammed was welcomed by His Highness Sheikh Mohamed bin

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Crypto Leaders Propose Open Compliance Protocol For Financial Action Task Force

Today during a panel at BlockShow Asia 2019, a group of cryptocurrency industry leaders announced the creation of a protocol that aims to maintain privacy while complying with Financial Action Task Force (FATF) regulation. The FATF’s so-called “travel rule” requires virtual asset service providers (VASPs) like cryptocurrency exchanges to collect

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