Search Results for "institutions"
Crypto & the FATF: ING Develops Travel Rule Protocol for Tracking Crypto Transfers Ahead of FATF Plenary Meeting
The FATF has a wide range of recommendations, a total of 40 to ensure regulatory alignment between the compliance imposed on financial institutions and the regulations in its member states. The FATF Travel Rule is Recommendation 16, which has received a lot of attention from the crypto industry, especially virtual asset service providers (VASPs).
Dubai Economy Gets Powered by UAE KYC Blockchain Platform for Safe Digital Customer Onboarding
The Dubai economy has gone live on the UAE KYC (Know-Your-Customer) blockchain platform making instant bank accounting functionality, secure digital customer onboarding, and sharing of verified data between financial institutions and licensing authorities possible.
"Bitcoin Is Risky," Says BIS Chief as Crypto and Unconventional Stocks like GameStop Gain Support
The Bank for International Settlements remains skeptical of Bitcoin, echoing the sentiments of many traditional banking institutions.
Hawaii Pushes Out New Digital Currency Regulatory Sandbox to Boost Crypto Growth
The government of Hawaii has recently announced its establishment of a regulatory sandbox for digital currency companies. The partnership between the Department of Commerce and Consumer Affairs, Division of Financial Institutions (DFI) and Hawaii Technology Development Corporation (HTDC) will see the launch of Hawaii’s first pilot program aimed for digital currencies.
Ripple: 99% of Respondents Would Consider Using Digital Assets to Process Cross-Border Payments
Ripple’s third annual Blockchain in Payments report identified that blockchain adoption is key to successful growth strategies for financial institutions.
Beijing Authorities Warns Institutions Not to Get Involved with Crypto
Beijing’s local authorities in China have issued a new risk warning on cryptocurrency trading activities. The Beijing Local Financial Supervision Administration, the Business Management Department of the People’s Bank of China, the Beijing Banking and Insurance Regulatory Bureau and the Beijing Securities Regulatory released further measures to ask firms not to engage in crypto businesses.
VanEck, SolidX to Sell ‘Limited’ Bitcoin ETF to Institutions
VanEck and Solid X revealed that they have a workaround to bypass regulatory issues and are using an SEC exemption that will allow their product to be offered to institutions such as hedge funds and banks, but not to retail investors.
