Bitcoin Daily: Nevada OKs Blockchain Bills; Binance Restricts US Users

PYMNTS

Nevada has passed regulatory sandbox legislation that aims to continue blockchain investment and development in the state. We’re excited to be a partner in building the new Nevada.”.

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Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

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No other dispensaries in Nevada’s Washoe County take credit cards except the six Blüm shops. No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards.

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Bitcoin Daily: Nevada Tightens Regs On Crypto Kiosks; Barclays And Coinbase Call It Quits

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Nevada is enforcing stricter regulations on cryptocurrency kiosks, and will now require them to have a state money transmission license.

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Nevada regulator and AG seek dismissal of lawsuit filed by trade groups challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report

CFPB Monitor

The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1. The lawsuit includes an allegation that the Nevada law is preempted by the Fair Credit Reporting Act and the Equal Credit Opportunity Act.

Trade groups challenge Nevada law allowing applicant’s reliance on spouse’s or former spouse’s credit report

CFPB Monitor

The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1. Like the Federal Equal Credit Opportunity Act, Nevada law prohibits discrimination based on marital status in credit transactions.

Bitcoin “ATMs” Come to Nevada and Arizona

Banking Exchange

What do Circle K convenience stores have to do with Bitcoin? Retail Banking Technology Payments Branch Technology/ATMs Blockchain Fintech Financial Research Feature Financial Trends Feature3. 1Retail Banking

Nevada regulator and AG file opposition to trade groups’ preliminary injunction motion in lawsuit challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report

CFPB Monitor

The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1. . The lawsuit includes an allegation that the Nevada law is preempted by the Fair Credit Reporting Act and the Equal Credit Opportunity Act.

Trade groups respond to motion to dismiss lawsuit challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report

CFPB Monitor

The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1. Fair Credit Regulatory and Enforcement ECOA nevada

Zions Names New CEO at Nevada State Bank

American Banker

has appointed a new CEO at Nevada State Bank. Zions Bancorp. breaking_news people nv ut national-regional

This week’s podcast: expectations for Nevada’s new Democratic Attorney General

CFPB Monitor

The “Blue Wave” hit Nevada last November as well, resulting in the election of Democrats to serve as Governor and Attorney General. State CFS Monitor attorney general colorado nevadaMore aggressive enforcement and increased legislative activity are expected.

Bitcoin Daily: Dutch Parliament Cracks Down On Money Laundering; Busan Considers Launching Its Own Crypto

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Berns, who revealed last year his plans to create a blockchain-focused master-planned community and e-sports arena in the Nevada desert, said the acquisition of the Las Vegas-based Kirkwood Bank of Nevada is an important step in reaching his goal.

Nipton, Calif., Goes To Pot, Literally

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Nipton is a tiny town that sits on the border with Nevada and is home to about 20 souls. Nipton, appropriately enough, has it roots in the mining communities that popped up in the California and Nevada desert during the gold and silver rushes that sent eager prospectors and fortune hunters flooding west during the 19th century. In real estate and in retail, location is everything.

Google Pay, in a bid for open payments, takes transit fare out of the station

Payments Source

Google Pay Contactless payments NevadaBecause Google Pay is already accepted at numerous mainstream merchants and is the default mobile wallet for many Android smartphone owners, it stands a strong chance of easing the friction of enrollment in a contactless fare system.

Alipay comes to taxis in Las Vegas and NYC in Verifone pact

Payments Source

Mobile payments Ant Financial Verifone New York NevadaChinese tourists visiting the U.S. may begin paying cab fares via Alipay this month in Las Vegas and next month in New York through an expanded acceptance deal with Verifone.

LibertyX expands Bitcoin ATM network into the desert

ATM Marketplace

LibertyX, a company that makes software that enables regular ATMs to dispense bitcoin, has partnered with independent ATM operator Desert ATM to add 90 machines to its network in Arizona and Nevada

'Inventive concept'? An ATM patent suit tests the abstract idea standard

ATM Marketplace

A Nevada district court ruled an ATM patent invalid on the basis that its concept was 'fundamental economic practice long prevalent in our system of commerce

Bitcoin Daily: Hedgefund Billionaire Plans $1B Crypto Venture; Baton Gets Series A Funding

PYMNTS

On the regulatory front, Cointelegraph reported that Nevada’s finance regulator, the Financial Institutions Division of the Department of Business and Industry (NFID), said bitcoin ATM operators must conform to existing rules. . Nevada currently has 110 bitcoin ATMs.

Supreme Court Denies Zappos’ Request To Throw Out Class-Action Suit

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Originally, a Nevada judge claimed only people who had suffered financial loss were eligible for damages. Circuit Court of Appeals overturned the Nevada judge’s ruling last year, saying “hackers accessed information that could be used to help commit identity fraud or identity theft.”.

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POSaBIT Rolls Out Mobile POS For Cannabis Merchants

PYMNTS

POSaBIT, based in Seattle, already manages millions of transactions for over 120 dispensaries across Washington, California, Nevada, Colorado, Arizona and Oklahoma.

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Seven States Approve Marijuana Measures

American Banker

Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts in California, Massachusetts and Nevada approved recreational pot initiatives. breaking_news consumer-finance national-regional compliance kyc ca fl mt nd ma me az nv ar law-regulation

HSBC Settles Legacy Credit Cards Case

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The settlement, according to a press release on Wednesday (April 13), resolves a regulatory review of billing practices tied to credit add-ons sold to HSBC Bank Nevada customers. HSBC Bank Nevada was a former unit of HSBC Finance Corp.

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Report: 80 Pct. Of NJ Gamblers Place Wagers Online

PYMNTS

Mobile betting, however, is only allowed in five: New Jersey, Pennsylvania, West Virginia, Iowa and Nevada. In May, New Jersey surpassed Nevada for the first time.

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FanDuel Suffers $5M Loss In NJ On Inaugural Legal Super Bowl Wagers

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Supreme Court ruled that sports betting could happen outside of Nevada, and a trove of companies — including casinos, sports teams and online outfits — rushed to take advantage of the new rules.

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Bitcoin Daily: Overstock CEO Shares Movement In Bitcoin Efforts; Russia Might Be Open To Crypto Trading

PYMNTS

And DigitalMint has announced a partnership with multinational convenience store chain Circle K , launching 20 bitcoin ATMs across Arizona and Nevada as part of pilot program. “We Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market.

CFPB Claims Victory Against Debt Relief Firm Morgan Drexen

American Banker

The Consumer Financial Protection Bureau claimed victory Friday in resolving a long-standing lawsuit against the bankrupt Nevada debt-relief company Morgan Drexen, which preemptively sued the agency in 2013. breaking_news national-regional consumer-finance cfpb enforcement doddfrank law-regulation

Advancing The Adoption Of Real-Time Payments

PYMNTS

In retail, a closed-loop payments effort for legal marijuana is underway in Nevada, and airports are providing luxury brands with an audience of consumers looking for products they can’t buy at home.

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The Millennial Real Estate Boom Beckons?

PYMNTS

In terms of regions, Realtor.com said cities in Arizona, Nevada and Texas will continue to benefit from shoppers looking for more affordable alternatives to California. The saying goes that the future belongs to the young. So, too, apparently, does real estate.

The Digital Evolution Of The Online Gaming Ecosystem

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Since 2018, when sports betting was only legal in the state of Nevada, 19 additional states and the District of Columbia have legalized the practice, either already allowing bets to be placed or are on the way to doing so.

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Uber Expands ‘Ride Pass’ Monthly Subscription

PYMNTS

Louis, Missouri; San Diego, California; Raleigh-Durham, North Carolina; Seattle, Washington; Portland, Oregon; San Antonio, Texas; Nashville, Tennessee; Las Vegas, Nevada; New Orleans, Louisiana and Phoenix, Arizona.

Trust & Will Completes First-Ever US Digital Will

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The company teamed up with Notarize , which provides legal notarizations online, to execute a digital will for a man named Cory McCormick, a Nevada police officer. Currently, Nevada is the only state that allows digital wills. “It Digital estate planning startup Trust & Will has executed the first-ever digital will in the United States, according to a report.

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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

Mobile betting, however, is only allowed in five: New Jersey, West Virginia, Iowa, Pennsylvania and Nevada per earlier reports. With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games.

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DraftKings To Merge With Other Companies, Go Public

PYMNTS

Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

Blockchain’s Real-Time Payments Use Case

PYMNTS

A recent example of that comes from Nevada. Players in payments and commerce keep trying to get their heads around blockchain technology, seeking out use cases and striving to determine if the reality can ever live up to the hype. Answers are relatively slow in coming, and skepticism abounds.

Online Sports Betting Gets A Super Bowl Workout

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sports betting event of the year, and the first big test of legalized online sports gambling in the wake of last year’s Supreme Court decision that overruled previous prohibition — a ruling that allowed states besides Nevada to allow such wagering operations.

Legal Cannabis Retail Innovates Its Way Around Payments Knot

PYMNTS

No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, Nevada calls itself when charging customers’ credit cards. No other dispensaries in Nevada’s Washoe County take credit cards except the six Blüm shops.

Fraudsters Accused In $364M Ponzi Debt Scheme

PYMNTS

According to Reuters , the men — Kevin Merrill of Maryland, 53, Jay Ledford of Texas and Nevada, 54, and Cameron Jezierski of Texas, 28 — falsely claimed to be investment professionals and used a fake portfolio to defraud hundreds of investors. Federal prosecutors have charged three men who allegedly ran a $364 million Ponzi scheme.

Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

The latest example of that, a closed-loop payments effort in Nevada, comes amid fresh signs of significant revenue growth for this nascent part of legitimate commerce.

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