Major United States-based crypto exchanges Coinbase and Kraken, Twitter founder Jack Dorsey’s fintech Square, and financial services giant Fidelity are among the firms that recently filed comments with the Treasury Department's Financial Crimes Enforcement Network strongly opposing the proposed new rules.
By hiring Stuart Levey the Facebook-founded Libra Association is announcing that compliance—with central bankers, financial regulators, tax authorities, and criminal and intelligence investigators—will be a prime driver as it moves forward.
Andreessen Horowitz announced today that it has managed to raise $515 million in order to launch its second crypto fund—substantially more than the $450 million it was reportedly aiming for back in mid-April.
Announced on March 11, the 50-member Alliance aims to support the Celo blockchain by building a variety of mobile phone-based financial tools aimed broadly at combating poverty and inequality.