Bitcoin Daily: Ant Financial Starts Pilot For SMB Blockchain Network; Wyoming Announces Regulations For Crypto Custodians

PYMNTS

In other news, the state of Wyoming has released several new custody rules focused on its special purpose depository institutions (SPDIs) (also known as “blockchain banks”). However, while these companies might be legally based in Wyoming, most aren’t located in the state.

Wyoming creates fintech sandbox

CFPB Monitor

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). FinTech State CFS Monitor sandbox wyoming

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Wyoming Lures Crypto Companies With Friendly Laws

PYMNTS

Wyoming is trying to position itself as a leader in cryptocurrency and one of the friendliest states when it comes to legislation around crypto companies. That prompted crypto and blockchain companies to register in the state, reported Bloomberg, “This is one of the most exciting things that I have seen in a decade as far as the possibilities,” said David Pope, an accountant and executive director of the Wyoming Blockchain Coalition, in an interview with Bloomberg.

Bitcoin Daily: FDA Pegs Walmart, IBM For Blockchain Pilot; Wyoming State Embraces Blockchain

PYMNTS

In other news, Wyoming — America’s least-populous state — has turned its focus on blockchain, attracting a slew of new businesses as a result. The results of the new regulations have brought dozens of limited liability blockchain and crypto corporations to Wyoming. “I’ve

Bitcoin Daily: BoE Advisor Says Cryptos Fail ‘Basic’ Tests; Wyoming Lawmakers Float Crypto Custody Bill

PYMNTS

In other news, legislators in Wyoming have unveiled a bill that would put forward “an opt-in framework for banks to provide custodial services for digital asset property as directed custodians,” Coindesk reported.

Bitcoin Daily: Binance Rolls Out Decentralized Exchange; Wyoming Legislators Pass Multiple Crypto Bills

PYMNTS

On another note, legislators in Wyoming recently passed multiple bills related to digital currency, Coindesk reported. Digital currency exchange Binance , which has approximately $1 billion in trading volumes each day, rolled out a decentralized trading service (dex), according to reports.

Utah Becomes the Third State to Establish a Fintech Sandbox

CCG Insights

Utah has joined Arizona and Wyoming in establishing a fintech sandbox, a tool for financial innovators to create new products while being partially shielded from regulatory issues. Banker in the Know CCG Catalyst Arizona Compliance fintech regtech Regulations sandbox Utah Wyoming

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Credit union to buy Colorado branches from Liberty Savings

American Banker

Blue Federal Credit Union in Wyoming will also gain about $100 million in deposits. Community banking Credit unions M&A Branch deals Colorado Ohio Wyoming

First Republic adding half-dozen branches in Manhattan

American Banker

The San Francisco bank is also bulking up in Florida and Wyoming, no-tax states where many of its affluent clients have retired or have second homes. Branch management Earnings High net worth New York Florida Wyoming

Five at Five: A New AI and FinTech Investment Push

PYMNTS

Wyoming Lures Crypto Companies With Friendly Laws. News AI Asia Blockchain cryptocurrency FinTech Five at Five india QR codes Rocket Internet trucking industry WhatsApp WyomingRocket Internet Eyes AI, FinTech Investments. Citing comments that Rocket Internet made after reporting earnings Tuesday (May 29), Reuters reported that CEO Oliver Samwer wants to invest in the tech sector, but didn’t offer a time frame as to when the company will deploy its cash.

Bitcoin Daily: Binance Sells Its Users’ Altcoins, Bitcoin Dives As Cryptos Caught In SEC Crosshairs

PYMNTS

And Wyoming recently passed a law that would make some digital coins exempt from regulation, TechCrunch reported. Bitcoin Altcoins bitcoin Blockchain CFTC Commodity cryptocurrency litecoin Money Tap News regulation SEC What's Hot WyomingBitcoin’s price staggered on Wednesday (March 7), Reuters reported.

1.14.19 Your morning briefing

Payments Source

Today: German court rules against Amazon Dash; Georgetown professor says shutdown's hurting fintech; Sandbox advances in Wyoming; Yapstone hires former Amazon Pay executive. The information you need to start your day, from PaymentsSource and around the Web. Briefing

2.21.19 Your morning briefing

Payments Source

firms; Wyoming pushes crypto laws; Citymapper adds prepaid card; Paytm hires former Amazon exec; Bluefin gets PCI certification. The information you need to start your day, from PaymentsSource and around the Web. Today: Dutch central bank's processing PSD2 licenses for U.K. Briefing

Bitcoin Daily: Public Blockchain Cardano Developing Chip That Creates Cash-Like Crypto; Brazil Probes Banks Turning Away Crypto Firms; Albania Proposal To Regulate All Crypto

PYMNTS

Charles Hoskinson, founder of IOHK , which makes Cardano, said in a recent Cointelgraph interview that the crypto-native chip is being created at the IOHK lab at the University of Wyoming.

PPP Funding Out But Not Necessarily Over; Lenders Preparing

Abrigo

Abrigo customer Western States Bank in Laramie, Wyoming, which has already received SBA approval for 318 loans totaling $26.7 Key Takeaways Funding for the Paycheck Protection Program is depleted, but support for more money is strong and lenders want to be ready for another round.

Straightforward Principles of Success

Independent Banker

Mark Zaback, Jonah Bank of Wyoming. Mark Zaback , Jonah Bank of Wyoming. The importance of following your words with deeds, the only path that leads to results, is one of the principles that guide Zaback’s decisions and those of everyone involved with Jonah Bank of Wyoming.

Bitcoin Daily: CoinZoom Crypto Exchange Debuts Visa Debit Card; Wave Financial To Offer Kentucky Bourbon Tokens As Investment

PYMNTS

” And, Avanti Financial Group, which is said to be the first company to publicize its application to be a Wyoming special purpose depository institution (SPDI), is bringing five new executive hires on board who will also serve as co-founders, CoinDesk reported.

World Central Bankers Discuss Alternatives To The Dollar

PYMNTS

The Jackson Hole, Wyoming, conference was comprised of current and former central bankers, including Bank of England Governor Mark Carney , who has challenged the dollar’s position as the world’s reserve currency.

GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox. Late last week, the U.S.

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

In the eight states with no shelter-at-home orders – North Dakota, South Dakota, Nebraska, Iowa, Arkansas, Oklahoma, Wyoming and Utah – spending was still down, but by less.

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Amazon To Build More Whole Foods Locations

PYMNTS

One person familiar with the plans told the Wall Street Journal that in the Rocky Mountain region Whole Foods employees have visited retail spaces in Idaho, the southern part of Utah and Wyoming, areas where Whole Foods doesn’t have a presence.

Retailers Explore Tentative Reopening Plans

PYMNTS

Those states – New Mexico, Wyoming, Idaho, Alaska, North Dakota, Kentucky, West Virginia and Ohio – will likely become test cases for reopening retail. At long last, the retail community can start discussing plans to reopen.

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Western Union Enables In-App Donations For US Customers

PYMNTS

We are grateful to have a partner that shares our mission of connecting loved ones,” said Gino Greco, Red Cross regional CEO for Colorado and Wyoming. “We

More Than 200 Bankers Let Go At Wells Fargo

PYMNTS

With that in mind, it is currently hiring agricultural bankers in markets like California, Wyoming and Idaho. Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S.

ICBA Community Bankers of the Year

Independent Banker

Jonah Bank of Wyoming, Casper, Wyo. ICBA inaugurated its Community Banker of the Year award program this year to recognize the exceptional work of the individual employees of ICBA member community banks.

Digital Driver’s Licenses Are Put To The (Pilot) Test

PYMNTS

States like Colorado, Delaware, Idaho, Maryland and Wyoming, and even the District of Columbia, have already piloted the use of digital driver’s licenses in recent years. Driver’s licenses have not changed much over the past few decades.

Wells Axes 200+ Staffers From US Lending Units

PYMNTS

With that in mind, it is currently hiring agricultural bankers in markets like California, Wyoming and Idaho. Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S.

Who Should Lead The Digital ID Push?

PYMNTS

States like Colorado, Delaware, Idaho, Maryland, Wyoming and even the District of Columbia are currently testing or have already piloted the use of digital drivers’ licenses.

2014 ICBA Community Banker of the Year Awards Video

Independent Banker

President and CEO of Jonah Bank of Wyoming, Casper, Wyo. The 2014 ICBA Community Banker of the Year Awards are sponsored by D+H. link]. Community bankers rarely work alone but instead are members of dynamic teams of entrepreneurs and visionaries.

Bitcoin Daily: US Regulators Join Global Financial Innovation Network; Colorado Explores Crypto Banking For Cannabis Firms

PYMNTS

The possible law is expected to be similar to the Special Purpose Depository Institutions (SPDI) law passed in Wyoming.

Fed Looks To Small Banks To Bail Out SMBs

PYMNTS

ANB Bank has billions of dollars in assets in Colorado, Wyoming and Kansas City, and chief executive Koger Propst said he’d already instructed workers to issue deferrals on loans for commercial, home and car properties for 3,700 customers. The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and local banks for the job.

Burundi Prohibits Cryptocurrency Trading

PYMNTS

The Jackson Hole, Wyoming, conference was comprised of central bankers, both current and former. Saying it can’t provide users of cryptocurrencies protection in case of trouble, Burundi banned the trading of digital currencies in the country, Bloomberg reported.

CFPB and Utah AG announce joint office hours in Salt Lake City as part of ACFIN

CFPB Monitor

Last June, Utah became the third state to create a regulatory sandbox program for fintechs, after Arizona, which enacted sandbox legislation in March 2018, and Wyoming, which enacted sandbox legislation in February 2019.

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DOE: Cyberattack Interrupted US Electrical Services

PYMNTS

The affected power company provides electricity to Los Angeles, Salt Lake County in Utah and Converse County in Wyoming.

Online Holiday Spending Already A Record-Breaker

PYMNTS

Some of the top states by basket size were Alaska, California, New York and Wyoming. Christmas is just around the corner, and online holiday shoppers have been busier and spending more than ever, according to a new report. Online sales reached $80.3 billion from Nov. 1 to Dec.

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