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  • jpmorgan-chase-execs-weigh-in-on-stablecoin-regulation,-crypto-competition

    JPMorgan Chase execs weigh in on stablecoin regulation, crypto competition

    While the OCC’s new stablecoin guidance doesn’t have an impact on JPM Coin, it could lead to crypto payments if there’s demand During JP Morgan Chase’s Q4 2020 earnings call, CEO Jamie Dimon and CFO Jennifer Piepszak weighed in on the OCC’s recent approval of banks using stablecoins for payments, as well as whether or… More

  • us-sec-issues-no-action-letter-on-compressed-digital-asset-settlement-process

    US SEC issues no-action letter on compressed digital asset settlement process

    In issuing a no-action letter, the SEC took a more nuanced position on virtual assets. The U.S. Securities and Exchange Commission (SEC) took a major step toward streamlining digital asset securities settlement by compressing the previous four-step process into three in a bid to reduce operational risk for broker-dealers.The SEC issued a no-action letter on… More

  • gibraltar-updates-dlt-framework-to-comply-with-fatf-rules

    Gibraltar updates DLT framework to comply with FATF rules

    Once again, Gibraltar is taking the lead in crypto regulations. The Gibraltar Financial Services Commission (GFSC) has updated its regulations governing the operation of distributed ledger technology (DLT) providers to include the latest Financial Action Task Force (FATF) rules. The GFSC said this is in response to blockchain’s fast-moving nature, especially as the agency seeks to… More

  • iran’s-crypto-mines-could-be-used-to-help-fund-car-imports
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    Iran’s crypto mines could be used to help fund car imports

    It seems that the private sector is not satisfied with the country’s local fiat money. According to ArzDigital, Gholam Hossein Mozaffari, CEO of the Kish Free Zone Organization, hopes that the Iranian government will approve a proposal to use crypto funds, such as Bitcoin (BTC), to pay for car imports on Kish Island in Iran.The… More

  • tether-could-be-enabling-capital-flight-from-china,-says-chainalysis
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    Tether Could Be Enabling Capital Flight From China, Says Chainalysis

    The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis.The report states that over 44% of… More