New York State Department of Financial Services Grants Virtual Currency License to BitPay

New York State Department of Financial Services Grants Virtual Currency License to BitPay   ATLANTA, GA, July 16, 2018 —  BitPay, the largest global blockchain payments provider, today announced the company has received its Virtual Currency License  from the New York Department of Financial Serviceswhich governs rules for virtual currency business activity in New York. The virtual…

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Russia Now Has a Registry of Whitelisted Crypto Companies

Russia Now Has a Registry of Whitelisted Crypto Companies The Russian Association of Cryptocurrencies and Blockchain has created a registry of whitelisted companies that offer crypto-related products or services. Meanwhile, the bill to regulate cryptocurrencies in Russia has been delayed. Whitelist of Crypto Firms The Russian Association of Cryptocurrencies and Blockchain (RACIB) has created a…

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Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance Platform

Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance Platform Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinesecompany Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for…

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FN: BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest

FN: BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest The world’s largest exchange-traded fund (ETF) provider BlackRock announced the formation of a working group to assess potential involvement in Bitcoin(BTC), Financial News (FN) reports today, July 16. The move furthers a U-turn on BlackRock’s previously critical stance towards cryptocurrency.  Following in the footsteps of fellow giant Goldman Sachs, the…

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