Cryptocurrency Exchange Coinbase May Apply for a Banking License: Report

Cryptocurrency brokerage firm Coinbase has met with US regulators to discuss applying for a banking license, according to an anonymous source familiar with the matter. The Wall Street Journal reports that the firm, one of the largest in the cryptocurrency industry, met with regulators at the US Office of the Comptroller of the Currency (OCC) … Continued

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Why Warren Buffett Is Wrong on Bitcoin, According to Legendary VC Fred Wilson

Legendary venture capitalist Fred Wilson has issued an open response to Warren Buffet’s recent claim that bitcoin is equivalent to “rat poison squared” is fundamentally flawed. The American investing tycoon, Wilson said, has not done his research. Why Bitcoin Has Value Speaking at the Consensus 2018 conference in New York City, Wilson said that the

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New York Grants Fifth-Ever BitLicense to Crypto Broker Genesis Global Trading

Cryptocurrency brokerage firm Genesis Global Trading has become the latest firm to receive a BitLicense from the state’s financial regulatory. The New York-based Genesis on Thursday announced that the state’s Department of Financial Services (NYDFS) had approved its application, making it one of a handful of firms to receive a BitLicense, which formally allows cryptocurrency … Continued

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Ukraine Drafts Law to Legalize Cryptocurrencies, Fuels Debate In Crypto Community

Ukraine is drafting legislation to legalize cryptocurrencies and asked members of the crypto community to participate. And boy, did they. Alexei Mushak, a member of the Ukrainian parliament, posted a notice on his Facebook page May 15. He said the Ukrainian government is preparing to legalize virtual currencies and asked for input from cryptocurrency experts. “Below … Continued

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Cryptocurrency Exchange Kraken Will “Probably” Pursue SEC Registration

San Francisco-based cryptocurrency exchange Kraken will “probably” register with the US Securities and Exchange Commission (SEC) as a broker-dealer and an alternative trading system (ATS), the company’s chief executive said on Tuesday. “We would probably get registered as a broker-dealer and then an ATS,’’ Kraken co-founder and CEO Jesse Powell told Bloomberg in an interview … Continued

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Bitcoin Traders Join Supreme Court Challenge to India’s Banking Blockade

More bitcoin traders are challenging India’s directive for banks to stop financial services to cryptocurrency exchanges in the populous Asian country, with a court hearing of the challenge set for Thursday this week amid complaints that the Reserve Bank of India (RBI) is curtailing “essential” trade services. On Monday, the Economic Times in India reported … Continued

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