Blockchain & DLT

 

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Facebook has announced it intends to apply for a payment system licence from the Swiss Financial Market Supervisory Authority (FINMA) to cover Libra, its controversial cryptocurrency project.
Swiss regulators have reiterated their “stringent” approach to anti-money laundering (AML) compliance for blockchain-based payment services as they issued the first licences to crypto-focused banks.
On August 26, 2019, the Swiss Financial Market Supervisory Authority (FINMA) published guidance on payments on the blockchain. ...
U.S. House Financial Services Committee chairperson Maxine Waters has said a meeting with the Swiss officials who will oversee the consortium governing Facebook’s Libra cryptocurrency has failed to...
The closed-network structure of Facebook’s Libra cryptocurrency could be enough to allay lawmakers’ concerns about anti-money laundering (AML) risks, technologists have suggested.
Despite federal U.S. authorities demanding that cryptocurrency exchanges are licensed as money transmitters, some states have decided to allow certain business models to operate outside those...
Authorities in South Africa expect to set out plans in the coming weeks to bring cryptocurrencies into the regulated financial services sector, with the country’s online gambling industry hoping to...
Crypto-asset experts in New Zealand have said there are still some hurdles in the way of mainstreaming payment of salaries in virtual currency, after the country’s authorities clarified how crypto...
Federal financial crime authorities in the U.S. have emphasized that using virtual currencies such as Bitcoin to facilitate gambling falls under its regulatory regime for stopping the illicit use...
On August 13, 2019, the Reserve Bank of India (RBI) published the final enabling framework for the regulatory sandbox. The main objective of the regulatory sandbox is to enable market participants...

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