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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.

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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. Wyoming Blockchain Coalition Co-founder Caitlin Long said, according to the report, ”anything can happen in a legislative process, it’s not done till the governor signs the bill, but it has a lot of momentum behind it and a lot of support.”.

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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”). Tweets posted by Wyoming Blockchain Task Force President Caitlin Long said that the rules include what are reportedly the first-ever regulations for digital asset custodians in areas including forks, airdrops, staking, customer notice requirements and more.

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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 ethos of blockchain and the ethos of Wyoming are very similar,” said Caitlin Long, co-founder of the Wyoming Blockchain Coalition, according to Wired. The results of the new regulations have brought dozens of limited liability blockchain and crypto corporations to Wyoming. “I’ve

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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). The provisions requiring Wyoming’s Banking Commissioner and Secretary of State to adopt implementing regulations became effective on February 19, 2019. Thus, unlike Arizona’s sandbox, a person receiving a waiver under the Sandbox Act can be exempted from Wyoming’s civil usury laws.

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Wyoming Bank Latest to Receive ‘Special Purpose’ Charter

Banking Exchange

Wyoming bank receives digital services charter as controversy over issuance continues Community Banking Feature3 Feature Compliance. 1Community Banking

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State of Wyoming Recognizes ‘CryptoFed’

Banking Exchange

American CryptoFed is the country’s first decentralized autonomous organization Compliance Technology Feature3 Feature Cryptocurrency Blockchain Bitcoin. 1Compliance

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Crypto exchange Kraken receives Wyoming bank charter

American Banker

The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state. Fintech Digital currencies Blockchain Bitcoin

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Bitcoin Daily: US Sanctions Two Russians For Alleged $16.8M+ Crypto Theft; Bahamas' Sand Dollar To Launch; Kraken Gets Go-Ahead For Wyoming Bank Charter

PYMNTS

On another note, digital currency exchange Kraken has received the go-ahead from the Wyoming Banking Board for a special purpose depository institution (SPDI) charter, Coindesk reported.

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Wyoming and Nebraska credit unions to merge

American Banker

Credit unions

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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. With the concept of a dex, users can trade using their wallets instead of transferring their digital currency into a crypto exchange.

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Patience wears thin in Wyoming as crypto banks await Fed approval

American Banker

Innovation Technology Cryptocurrencies

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First National of Nebraska acquiring Western States BanCorp in Wyoming

American Banker

Community banking M&A

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Laramie Plains FCU rebrands as StagePoint

American Banker

Credit unions Wyoming Marketing Branding

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States should take lead on regulating innovation: Wyoming senator

American Banker

Senate Banking Committee Federal Reserve Bitcoin Cryptocurrencies

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Wyoming's new senator spreads gospel of financial innovation

American Banker

Digital currencies Innovation

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Avanti Plans Real-Time Settlement Solution For Corporate Treasurers

PYMNTS

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.

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Another state creates tech sandbox as federal agencies tread warily

Payments Source

Fintech regulations CFPB OCC Utah Arizona WyomingUtah this week became the third state to let companies test cutting-edge financial products without fear of violating licensing and other regulations.

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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

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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 WyomingArizona led the. The post Utah Becomes the Third State to Establish a Fintech Sandbox appeared first on CCG Catalyst Consulting Group.

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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

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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.

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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.

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First State Bank Nebraska Offers Multi-State Rewards Checking Account

BankDeals

First State Bank Nebraska offers its First Rate Checking with competitive rates to residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming

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GOP adds three senators to Banking Committee

American Banker

Steve Daines of Montana, Bill Hagerty of Tennessee and Cynthia Lummis of Wyoming are joining the panel for the 117th Congress. Senate Banking Committee Election 2020 Sherrod Brown

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Rural U.S. states get larger share of PPP loans in latest round

American Banker

A rule change that allows farms with just one employee tap the Paycheck Protection Program means more pandemic relief funds are flowing into such states as Nebraska, Oklahoma, Wyoming and North Dakota.

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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

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Four Points FCU's Unique Money Market And Checking Accounts

BankDeals

Four Points Federal Credit Union's field of membership includes all residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming

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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

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Avanti got a bank charter. Here’s what's next on its agenda.

American Banker

Founder Caitlin Long says the blockchain bank plans to issue a virtual currency and help hedge funds and family offices trade digital assets now that it has a special-purpose banking charter in Wyoming. Blockchain Digital currencies Bitcoin Distributed ledger technology

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Wells Fargo’s unknowns, to cost-cut or not, Kraken’s bank charter: Top stories of the week

American Banker

Wells Fargo provides few updates on growth; why some banks are aggressively cutting costs and others aren’t; crypto exchange Kraken receives Wyoming bank charter; and more from this week’s most-read stories

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Revolut Likely To Apply For US Bank Charter

PYMNTS

while cryptocurrency exchange Kraken Financial won a bank license in Wyoming last month, and state financial regulators have had a contentious debate with OCC regulators over a special charter for FinTech firms.

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

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Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States

PYMNTS

Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.

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Square Offers Beauty Sector Online Booking, POS Tool

PYMNTS

Square Appointments on Square Register is the perfect solution for our salon since we can now do everything all in one place whereas before we were having to use multiple devices,” said Teresa Kuhbacher, owner of Lil’ Tiffany’s Spa in Gillette, Wyoming.

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