virtual currency News

Coincheck Will Start Compensating 260,000 Victims of $500M Cryptocurrency Heist

Coincheck Inc. said it will start compensating users who had their cryptocurrency stolen beginning as soon as next week, as the Japanese exchange seeks to resume more of its operations. All of the 260,000 users impacted by the theft of …

Bipartisan Momentum Building in Congress for Cryptocurrency Regulations

Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in …

New York Working to Deter Fraud, Manipulation in Virtual Currency Markets

New York Department of Financial Services (DFS) has issued guidance reminding all virtual currency entities licensed by New York State, including those that hold a money transmitter license, that they are required to implement measures designed to detect, prevent and …

Insurers May Not be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’

Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists at the 2018 Professional Liability Underwriting Society (PLUS) Directors …

New York Regulator Approves New Virtual Currency Exchange

New York state has approved regulations allowing a new virtual currency called Ether. Gov. Andrew Cuomo, a Democrat, and the state’s Department of Financial Services announced the move on May 5. The regulations will govern the new virtual exchange, called …

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 …

NYDFS Grants Charter to New York Virtual Currency Company

New York State Department of Financial Services (NYDFS) announced Thursday that it has granted a charter under the New York Banking Law to itBit Trust Company, LLC – a commercial Bitcoin exchange. ItBit, which is based in New York City, …

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, …