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PA Department of Banking and Securities: virtual currency is not “money”

CFPB Monitor

The Pennsylvania Department of Banking and Securities (“DoBS”) just released Guidance declaring that virtual currency, “including Bitcoin,” is not considered “money” under the Pennsylvania Money Transmission Business Licensing Law , otherwise known as the Money Transmitter Act (“MTA”). The Pennsylvania Guidance.

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Bitcoin Daily: Coincheck’s Investors Take Their Money, Iceland’s Big Mining Electricity Bill

PYMNTS

.” And new automated teller machines (ATM) in New England will make it easier for people to buy and sell their bitcoin, Finextra reported. Coinsource , the world’s largest bitcoin ATM network, has rolled out 10 new machines in Rhode Island, New Hampshire and Massachusetts. Customers withdrew just over 40.1

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Security measures to deter and detect cyber-attacks.

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Bitcoin’s Resplendent Week

PYMNTS

Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind. The payoff is 12.5

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Why It’s Time To Come Down On Bitcoin

PYMNTS

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. She was awarded the Presidential Medal of Freedom from President John F. Kennedy in 1962.

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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

The company’s operations and underlying value are the only things that matters, to Buffett. One striking example that he discusses at length in his 1979 letter to shareholders is that of Waumbec Mills in Manchester, New Hampshire. Thereafter, you need only monitor whether these qualities are being preserved.”.

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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

This, in turn, means that banks cannot offer services to businesses, as they would face prosecution from regulators. During a Senate hearing at the end of July focused on the Secure and Fair Enforcement (SAFE) Banking Act , chairman and Sen. The statements come as legislation looms for debate in the U.S. Apple In The Spotlight.