Federal licensing for virtual asset service providers (VASPs) is in the last stretch of becoming a reality in the United Arab Emirates (UAE) as the Securities and Commodities Authority (SCA) moves to amend legislation, Bloomberg reported on Thursday (Feb. 17), citing an anonymous government official....
Crypto Shield, a new product from Boost Insurance and InsurTech Breach Insurance, debuted Tuesday (Feb. 15) to cover the theft of cryptocurrencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Ontario Provincial Police and Royal Canadian Mounted Police have ordered companies to stop doing transactions from 34 crypto wallets, which they’ve tied to the “Freedom Convoy” trucker protests in that country, CoinDesk reported Wednesday (Feb. 16). Get the Full Story Complete the form to...
STASIS, which works in euro-backed stablecoin production, plans to issue the EURS stablecoin on the XRP ledger (XRPL), a press release said Wednesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Colorado will begin taking cryptocurrency for tax and other payments by the end of the summer, Gov. Jared Polis told CoinDesk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
While bitcoin was created to be a peer-to-peer payments tool, that never really caught on. Instead, the first cryptocurrency transformed into an investment, with many in the industry saying its transaction fees are too high and slow, and its price too volatile. Get the Full...
If there’s one message about the need to regulate stablecoins that emerges from a report issued today by the Financial Stability Board on the growing threat cryptocurrencies pose to the global financial system, it is this: Time to get a move on, people. Get the...
Congressman Josh Gottheimer released on Tuesday, Feb. 15 a draft of the Stablecoin Innovation and Protection Act of 2022, a piece of legislation that aims to define stablecoins and to offer a legal framework where stablecoin issuers could operate. Get the Full Story Complete...
Crypto assets are quickly evolving, and their scale could reach a point where they would pose a great risk to global financial stability, the Financial Stability Board (FSB) said on Wednesday (Feb. 16). Get the Full Story Complete the form to unlock this article and...
