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In this regard, protecting the company against intrusion and attack must be a high priority. For financial services, cybersecurity is a central concern. The biggest risk to business and government bar none is cyber threats. New York’s regulatory standard, written and enforced by DFS, is the national standard and a
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"Ambiguity of certain terms and the scope of this bill will require further refinement in both the regulatory process and in statute to provide clarity to both consumers, regulators and businesses subject to this new licensure framework," Newsom said in the letter. "It is essential that we strike the appropriate
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“Australia has been waiting for certainty over digital asset regulation so it can seek to catch up with the rest of the world," Michael Bacina, digital asset lawyer at Piper Alderman and Chair of Blockchain Australia told CoinDesk from the Summit. "The approach is consumer-protection centric, with a broad net
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Australian crypto exchanges have praised plans from the Australian Treasury to regulate cryptocurrency exchanges under pre-existing financial services licensing measures.In an Oct. 16 consultation paper, the Treasury outlined a new suite of proposed regulations, that suggested regulating cryptocurrency exchanges under existing financial services rules as well as introducing a wealth
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“This incident highlights the importance that when investors want to invest in virtual assets, then they must invest on platforms that are licensed" and regulated by the Hong Kong Securities and Futures Commission (SFC), Lee said according to remarks published on his website. “We will be doing more public education
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Blockchain firm Ripple has acquired Fortress Trust, a chartered trust company in Nevada, adding to its existing roster of regulatory licenses across multiple U.S. states. Ripple, a blockchain firm, has expanded its reach with the acquisition of Fortress Trust, a Nevada-based chartered trust company specializing in crypto and Web3 technologies. While the
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Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of stoppage was triggered by Lithuania’s central bank revoking the license of UAB PayrNet, Wirex’s card provider.This
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MiCA will enter into force in a few weeks after being published in the EU’s official journal, which is likely in June. Its provisions – offering crypto exchanges and wallet providers a license to operate across the 27-nation bloc, and requiring stablecoin issuers to hold appropriate reserves – will take
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“As we've seen in recent months, stringent rules and supervision are very much needed,” the European Commission’s Mairead McGuinness said, citing the collapse of crypto companies FTX, Celsius, Voyager, and the stablecoin terraUSD, and referring to provisions intended to protect consumers, avoid market abuse, and curb money laundering. Source
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Rollbit says Curaçao authorities are currently engaged in an annual license review, which is why its logo is removed from the site. Source
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