• OCC banks cannot discriminate crypto
    Cryptocurrencies,  Politics,  Regulation

    Treasury Dept says banks cannot discriminate against industries like crypto

    Acting Comptroller of the Currency Brian Brooks, a former Coinbase executive, issued another ruling aiding cryptocurrency companies

    Targeting one of the cryptocurrencies biggest complaints, the Office of the Comptroller of the Currency proposed a rule on Nov. 20 that would require banks to “provide access to services, capital, and credit based on the risk assessment of individual customers, rather than broad-based decisions affecting whole categories or classes of customers.”

  • payment systems push Bitcoin Clayton
    Bitcoin,  Regulation

    Slow, costly payment systems push Bitcoin higher: SEC’s Jay Clayton

    The Securities and Exchange Commission’s chairman said the financial system’s inefficiencies will help crypto payment solutions arise; a new Senate ally will also help

    Securities and Exchange Commission chairman Jay Clayton suggested that Bitcoin (BTC) is thriving thanks to the shortcomings of the traditional financial system.

  • Huobi founder Du Jun returns
    People,  Regulation

    Crypto exchange Huobi’s co-founder returns

    Du Jun highlighted legal compliance and customer funds security as areas he will focus on after three years building other businesses

    In his return’s announcement, Jun highlights the importance of regulatory compliance for Huobi, pointing out that the exchange and some of its subsidiaries obtained licenses from both Gibraltar and Hong Kong’s Securities and Futures Commission, among others. The company is also applying for a Hong Kong Virtual Exchange Compliance License and Singapore PSA License.

  • Binance sues Forbes
    Cryptocurrencies,  Media,  Regulation

    Binance sues Forbes, journalists over allegations of deceiving U.S. regulators

    The largest cryptocurrency exchange took issue with an article saying Binance.US was set up to enable it to avoid American anti-money-laundering laws

    The story in question, “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators,” claimed that Binance set up American crypto exchange Binance.US as a way to “intentionally deceive regulators and surreptitiously profit from crypto investors in the United States.”

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