Robinhood Reportedly Considering Formal Banking Services
Unnamed sources suggest popular free crypto and stock trading application (app), Robinhood, is negotiating with US regulators about prospects for it becoming a bank, complete with traditional services such as savings accounts. It’s still early going, and very preliminary, but such an arrangement could well be the future of banking. Also read: Bitcoin More Influential in US Politics Than Ever Robinhood Looking to Provide Banking...
Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks
Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Korean Government’s Solution Following recent reports of multiple security breaches at cryptocurrency exchanges, the...
North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements
The state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. At the moment North Carolina’s House Bill 86 has been presented to Governor Roy Cooper and awaits his signature. Also read: Major Korean Crypto Exchange: $31 Million Vanishes North Carolina House Bill 86 Includes...
France Warns of Several Unauthorized Cryptocurrency Platforms
France’s financial markets regulator has issued a new warning against unauthorized platforms offering cryptocurrency investments. The regulator has added four websites to its list of blacklisted domains offering crypto investments without authorization. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space French Regulator’s Warning The French financial markets regulator, the Autorité des...
Control of Highly Demanded Crypto Classes May Spark Turf War at Universities
Can only a law professor teach about smart contracts? Universities have faced several challenges with adding crypto classes to their curriculum such as a scarcity of knowledgeable lecturers and an ecosystem that develops much faster than they can reprint books. Now they also have to worry about different departments bickering over control of the multifaceted subject. Also Read: You Can Now Exchange Your Leftover Euros for Crypto at...
