Facebook Hires Two of Coinbase’s Former Compliance Managers

news Facebook hired two Coinbase veterans to work in compliance this month, and at least one of them is involved with the social media giant’s blockchain effort. Jeff Cartwright left Coinbase in March after nearly five years at the U.S. cryptocurrency exchange in various compliance roles. He joined Facebook as a policy and compliance manager…

Presidential Candidate Andrew Yang Calls for ‘Clear Guidelines’ on Crypto

news Andrew Yang, one of a number of candidates looking to take on U.S. president Donald Trump in the 2020 presidential election, has released a new policy statement for crypto-assets. In the statement, Yang — who is currently vying for the Democratic Party nomination among a crowded field of candidates — indicated his goal to…

QuadrigaCX Crypto Exchange Could Soon Be Placed in Bankruptcy

news Ernst and Young (EY), the court-appointed monitor for collapsed Canadian crypto exchange QuadrigaCX, has proposed transitioning the company from a restructuring process to bankruptcy proceedings. In a new report posted Tuesday, EY said that the exchange’s creditors “will benefit” from converting its current restructuring process under the Companies’ Creditors Arrangement Act (CCAA) to a…

FBI Seeking Potential Victims of BitConnect to Assist Investigation

news If you invested in the proprietary token offered by the now-defunct crypto exchange BitConnect, the FBI wants to hear from you. In a notice on its website Wednesday, the federal law enforcement agency said those who invested in the BitConnect coin (BCC) token can voluntarily reach out to the agency by filling out a questionnaire. The…

Wyoming Lawmakers Pass Three Bills in Boost for State’s Crypto Industry

news The U.S. state of Wyoming has passed several bills aimed to make the state a top destination for cryptocurrency and blockchain businesses. The Wyoming House of Representatives approved bill SF0125 last week, which recognizes digital assets as property and clears the way for banks to act as crypto custodians. The bill passed a House vote 54-2 and…

Oceans Apart: Crypto Regulation in the US and EU

feature Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. ————————–————————–————————–————————–————————–————————– Spare a thought for the financial regulators: the American ones, with no paycheck…

Stablecoin Issuers May Need Licenses in Texas, Unlike Most Crypto Startups

news Stablecoins may qualify as “money” under Texas law, according to updated guidance from the state Department of Banking. A memo published Wednesday by Texas Banking Commissioner Charles Cooper outlines how cryptocurrencies are to be treated under local and federal regulations, in particular adding details of how stablecoins backed by sovereign, or fiat, currencies may…

New York Forms Blockchain Study Task Force, Hints at BitLicense Update

news New York State is officially launching a cryptocurrency task force aimed at helping the state understand cryptocurrencies and their underlying blockchain technology. Governor Andrew Cuomo signed a bill last month creating the task force to study cryptocurrencies, other forms of digital currency and blockchain technology, according to a press release issued Wednesday by the bill’s…

Bitcoin ETF Seekers Met With SEC Monday In Latest Pitch for Approval

Members of VanEck, SolidX and the Cboe BZX Exchange met with U.S. Securities and Exchange Commission (SEC) staff earlier this week to present a new argument on why the bitcoin market is ready for an exchange-traded fund (ETF). In the latest push to convince the regulator to approve a rule change which would open the door…