VCs are lobbying the SEC for a crypto token safe harbor; digital banks are supporting changes to the CRA; Zelle has become a favorite tool for fraudsters; the SEC subpoenaed Riot Blockchain; Facebook launched new privacy permissions for EU users; and the EU changed its AML rules to better regulate cryptocurrencies.
The SEC charged a startup with fraud related to an initial coin offering (ICO); Coinbase is considering becoming an SEC-regulated brokerage; PayPal is rolling out a new debit card and direct deposit service; Monex acquired embattled crypto exchange Coincheck; and India imposed strict constraints on digital currency activities in the country.
The IRS and SEC upping the pressure on crypto investors; Gemini established a crypto SRO; Coinbase received an FCA e-money license; Google will ban crypto ads; Robinhood eyes a $5B valuation; and Circle launched its new crypto platform.
The SEC subpoenaed dozens of firms over ICOs; Coinbase will divulge info on 13,000 customers to the IRS; Equifax identified an additional 2.4 million people affected by last year’s hack; the FDIC is a gatekeeper to fintech ILCs; and what’s the Big Idea with Bitcoin mining?
The CFTC and FCA set up a transatlantic fintech agreement; Fed’s Dudley warns about crypto “speculative mania”; Zelle is dealing with fraudsters; Circle acquires Poloniex; and Bitcoin mining is becoming big business.
Telegram raised $850M; Coinbase won’t allow new credit cards; the FCA wants to expand its sandbox; Australia went live with its RTP system; Monzo may try to enter the U.S.; and CNBC looks into Riot Blockchain.