DOJ expert to evaluate compliance programs
This week, the U.S. Department of Justice (DOJ) announced the hiring of Hui Chen as a “full-time compliance expert”. In this role, Ms. Chen will…
2 min read
Category
Regulators
FinCEN releases October “SAR Stats Technical Bulletin”
This, the second edition of SAR Stats, is FinCEN’s annual review of aggregated Suspicious Activity Report (SAR) filings. The 44-page PDF report contained statistical and…
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Coming soon: consistency among state licensing?
This weekend, the Uniform Law Commission (ULC), a nonprofit dedicated to creating consistency among U.S. state laws, will convene in Washington D.C. to discuss model…
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Isle of Man: regulatory paradise?
Earlier this week, the Isle of Man received a great deal of mainstream press, deservedly so, for its innovation-friendly climate and straightforward bitcoin regulation. The…
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AB-1326: California bitcoin regulatory bill inactive
AB-1326, “Virtual Currency”, was unexpectedly shelved earlier this week despite multiple unanimous or near-unanimous votes in the California Assembly and Senate. The bill, which would…
1 min read
CSBS: a ‘BitLicense’ for every state
Earlier this week, the Conference of State Bank Supervisors (CSBS) issued its long-awaited regulatory framework for the digital currency industry. The CSBS sought to create…
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What’s limiting bitcoin adoption in Asia? Regulation? Awareness?
Recently, much has been written about the relatively slow rate of bitcoin adoption in Asia. The cause, it’s been said, is the combination of a…
1 min read
Nigeria hints at heavy-handed bitcoin regulations
At a recent conference of AML professionals, Central Bank of Nigeria (CBN), Deputy Director of Financial Policy and Regulation, Obot Akpan, labeled digital currency “dangerous”…
2 min read
India wants to regulate bitcoin… just not right now
Reserve Bank of India (RBI) Deputy Governor, SS Mundra, called for “appropriate regulatory changes” to accommodate the oversight of cryptocurrency. Mr. Mundra hinted at a…
1 min read