PYMNTS
NOVEMBER 12, 2019
Alipay’s Ant Financial announced that it is moving into the pilot stage for its blockchain network — Ant Blockchain Open Alliance, which was created to help small and medium-sized businesses. This is the company’s latest move in the blockchain market. There are then plans to go live three months later.
CFPB Monitor
JUNE 5, 2019
Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). The provisions requiring Wyoming’s Banking Commissioner and Secretary of State to adopt implementing regulations became effective on February 19, 2019.
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PYMNTS
JULY 26, 2020
Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. Avanti made its Wyoming intentions clear in February. ”
PYMNTS
OCTOBER 25, 2019
The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Colorado’s bill does have support from some lawmakers.
PYMNTS
JANUARY 7, 2019
The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We Included in that movement toward tech in capital markets, he said that could include blockchain and artificial intelligence (AI).
Abrigo
JULY 22, 2022
The recent crash of popular cryptocurrencies Bitcoin, Celsius, and Terraform Labs, increased public concern that digital currency markets—used primarily as an investment vehicle as it is not widely accepted as payment for goods and services—lack rules and accountability. While states like?
CFPB Monitor
JUNE 11, 2019
This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. Notably, Utah’s definition expressly includes blockchain technology. The sponsor of Utah’s legislation, Rep.
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