The catastrophic collapse of FTX has once again placed the cryptocurrency industry in the crosshairs of policymakers with calls for more regulation and tougher rules. The headwinds of bad press, the perception that crypto is un- or under-regulated, and the betrayal felt by so many consumers who held funds with FTX, could not come at…
California takes another big step toward the realization of its ambitious regulatory vision for cryptocurrency business in the state. If you’re running a crypto business in the state, here’s what you need to know and do. California seems pretty serious about its cryptocurrency regulatory framework, with the state once again making big moves to roll…
*First published in CrossTech Magazine – 5th Edition on July 25, 2022; “California: Next Frontier” in Cryptocurrency, talks about California’s cryptocurrency regulations and Gov. Gavin Newsom’s signed executive order. This article explains the order and how this new regulation of cryptocurrency will affect the crypto ecosystem.* California: Next Frontier In Cryptocurrency California is making…
Update – Ukrainian President Volodymyr Zelenskyy legalized crypto in Ukraine by signing into law a bill on virtual assets. The bill was signed into law on March 16, 2022. It allows for foreign and Ukrainian cryptocurrencies to operate legally and allow banks to open accounts for crypto companies. Since the war broke out, crypto has…
Recently, the California legislature passed AB 2269, which has now made its way to the Governor’s desk. The bill would effectively require ANY individuals or entities engaged in exchanging, transferring, storing, or other activities to obtain a license from the California Department of Financial Protection and Innovation (DFPI), and adhere to a host of specific criteria,…
AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation. On Friday, Governor Gavin Newsom vetoed California Assembly Bill 2269 (AB 2269). The bill would have effectively required ANY individuals or entities engaged in exchanging, transferring, storing, or other activities to obtain a license from the California Department of Financial Protection and…
Back in February 2021, BitAML wrote a blog titled: CFPB: Consumer protection is ramping up in crypto – where we discussed how consumer protection was fast becoming a point of emphasis for regulators within the crypto space. If you did not heed our advice then, now is the time to take a look at your…
