FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What

WazirX has faced industry and customer heat about a "withdrawal management poll" after suffering the $230 million hack earlier this month. The exchange has now said the poll was not "not legally binding," it was a "preliminary step to understand" customer opinions, and that they will soon launch a feedback form. Meanwhile, Indian news outlet

Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency."Tokenization is focused on solving an actual problem, and that problem is settlement." Hsu said at the DC Fintech Week event

Which pays more: a two-year Taiwanese government bond, or a prediction market contract about the potential invasion of Taiwan by China?Taiwan government bond yields (Investing.com)Turns out it's the prediction market contract."No" shares on crypto-based platform Polymarket are trading at 92 cents, which means that should China not invade Taiwan by the end of the year

Sandali Handagama is a CoinDesk reporter with a focus on crypto regulation and policy. She does not own any crypto.Digital Currency Group (DCG) is looking to refinance outstanding obligations with its bankrupt lending division Genesis and raise growth capital, the crypto conglomerate said on Tuesday.Outstanding obligations can take the form of loans, receivables or any…

news Craig Wright filed an intention to call witnesses at his upcoming deposition scheduled for June 28, the latest update in the ongoing Kleiman v. Wright lawsuit. Bitcoin’s alleged creator called upon two expert witnesses, a fact witness, and himself to testify at the federal evidentiary hearing, which will begin at 9 a.m. This can…

“When you go down that path of arguing, ‘It’s some data derived from the image in a certain way,’ well, that’s just a copy,” says Butterick. “It’s just a fancy way of figuring out how to store the data and regenerate it later.” Renowned science journalist and sci-fi writer Ted Chiang recently made much the…

NEWS Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings, has reported a net loss of $76.65 million for the third quarter of 2018. Revealed in the firm’s latest financial report, published Tuesday, that figure accounted for more than a third of its nine-month loss of $175.68 million. Both periods ended Sept. 30. Galaxy Digital recorded…

news You don’t have to have a Facebook account to use Libra. That’s the hands-off approach the social media giant is working toward as it announces its new blockchain and the token of the same name that will run on top of it. While Tuesday’s announcement is still early days, the scope of the project…

Jun 26, 2020 at 10:50 UTCUpdated Jun 26, 2020 at 11:31 UTC(Rico Markus / Shutterstock.com)Crypto.com has confirmed to CoinDesk it is moving to refund customers as the U.K. regulator orders Wirecard’s card issuer to cease all operations immediately. Crypto.com CEO Kris Marszalek told CoinDesk they were refunding 100% of customer funds as the Financial Conduct…