Mr. Zuckerberg Goes to Basel

Mr. Zuckerberg Goes to Basel

Facebook’s proposed digital currency Libra caused quite a stir — most of it negative — when it was first announced earlier this year. It’s clear that regulators and central banks have a keen interest in what Libra is, or may become, which is why Facebook honcho Mark Zuckerberg was in Basel, Switzerland earlier this week.

Read More

Crypto Makes Inroads Toward Legitimacy

Crypto Makes Inroads Toward Legitimacy

France’s financial regulator is poised to approve several crypto-related companies and bring them into the regulated financial system, one of the first instances among major world economies. Somehow, we think the battle over regulating cryptocurrencies in the U.S. will be a tad more contentious.

Read More

International Regulatory Standards Coming for Crypto

International Regulatory Standards Coming for Crypto

Cryptocurrencies are notorious for existing outside the normal regulatory oversight that governs most financial assets. Indeed, that’s a main selling point for many fans of crypto. But a group of international regulators this week outlined a plan to try and put some shackles on these shackle-less digital currencies.

Read More

Crypto Creeps Closer to the Mainstream

Crypto Creeps Closer to the Mainstream

Bitcoin, and the wider crypto industry, took a big step forward to mainstream acceptance this week when the owners of the New York Stock Exchange announced they had acquired a crypto custodian service called Digital Asset Custody Company. Atlanta-based Intercontinental Exchange (ICE), which owns the NYSE, also applied for its cryptocurrency subsidiary—known as Bakkt—to become a registered trust with the state of New York.

Read More