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US SEC and FINRA Issue Statement on Crypto Custody Issues

The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) outlined regulatory compliance issues for cryptocurrency custodians in an announcement on July 8.According to the joint statement, the organizations have yet to discover a set of circumstances in which a crypto custodian could comply

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WeChat Updates Policy Statement: Bans Bitcoin Transactions

News from China reveals that Chinese instant messaging giant, WeChat, has prohibited bitcoin and cryptocurrency transactions, following an upgraded payment policy. This latest move by the company would adversely affect over-the-counter (OTC) and peer-to-peer traders who depend on these platforms to do business. WeChat’s ban further reveals that China is not

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