virtual currency regulation News

Getting Digital Currency Right More Important Than U.S. Being First, Says Fed’s Powell

In any development of a cross-border digital currency, it is more important for the United States “to get it right than be first,” U.S. Federal Reserve Chair Jerome Powell said on Monday. “We do think it’s more important to get …

U.S. May Move to Regulate Virtual Currencies

U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday. The comments …

New York Grants Charter to Winklevoss-Backed Bitcoin Exchange

Gemini Trust Company, founded by investors Tyler and Cameron Winklevoss, has been granted a license to operate as a chartered limited liability trust company by the New York State Department of Financial Services, the state regulator announced on Monday. Under …

New York Regulator Issues 1st Virtual Currency License to Company

New York State regulators have approved their first license to a company dealing in virtual currency such as bitcoin. Circle Internet Financial has outlined security, capitalization, controls against money laundering and other measures intended to protect consumers and root out …

North Carolina Legislators Look at Regulating Virtual Currencies

Legislators in America’s second-largest banking center are considering regulations for Bitcoin and other virtual currencies. North Carolina’s banking commissioner is seeking legislative authority to require that companies circulating digital IOUs meet consumer protection, anti-money laundering and other standards. Legislation passed …

New York Regulator Lawsky Proposes ‘BitLicense’ Regulatory Framework

New York’s financial regulation chief is proposing a “BitLicense” regulatory regime that he says will protect consumers and root out wrongdoing without stifling innovation by virtual-currency businesses in the state. Companies that store or exchange virtual currencies for cash would …

New York DFS Superintendent Lawsky Reveals Bitcoin Regulation Plans

New York’s financial regulator on Tuesday revealed new details on his agency’s plans to govern virtual currency firms in the state in order to protect consumers and combat money laundering. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, …