Dear readers, we will be off next week in celebration of Thanksgiving in the U.S. (read: we expect to be in a four-day turkey-induced food coma). To those of you in the U.S., warmest wishes for a happy Thanksgiving!; and to everyone, best wishes for a good week ahead. We’ll return on December 9th. Best, […]
Leading Off Google will begin offering checking accounts to users through a partnership with Citi and a Stanford University credit union; Facebook announced its new Facebook Pay P2P payments service; FinCEN Director Kenneth Blanco discussed the applicability of the “travel rule” to crypto firms; the Fed highlighted the risks posed by stablecoins in its November […]
The SEC delivered a no-action letter to Paxos concerning its blockchain-based stock settlement platform; Uber launched a new division aimed at developing new financial products for its drivers; Telegram is moving forward with its crypto wallet, despite a pending SEC lawsuit; David Marcus talked up Libra at Money20/20; Bakkt is getting into consumer products with a partnership with Starbucks; and former Deputy Comptroller Jo Ann Barefoot launched a new venture aimed at modernizing financial regulation.