Cryptocurrency firm Abra and its CEO and largest equity owner Bill Barhydt have reached a settlement with 25 state regulators. The settlement follows the states’ finding that Abra and Barhydt operated a mobile app for buying, selling, trading and investing in crypto without receiving the...
Sigue Corp. has stopped its money transmission activities after being ordered to do so by financial regulatory agencies from 39 states, Puerto Rico and the District of Columbia. “We are no longer processing new money transfers, money orders or bill payment transactions through agents, branches or...
A new state banking representative will be serving on the Financial Stability Oversight Council (FSOC). Adrienne A. Harris, superintendent of the New York State Department of Financial Services, will take the role beginning Jan. 1. State supervisors voted in September for Harris to take the...
A group of U.S. banking regulators withdrew their lawsuit that sought to block the federal government from granting bank charters to FinTech companies. The Conference of State Bank Supervisors (CSBS), the national trade group of bank regulators, announced Thursday (Jan. 13) that it has dropped the...
April 08, 2025
Crypto’s biggest success story, after a litany of industry failures, has been stablecoins. The asset-pegged digital tokens, designed to maintain their stability and facilitate non-volatile financial applications across blockchains, have to-date grown so much that there exist around $234 billion in circulation. But while the top 10 stablecoins by market share, representing well over 90% […]
February 15, 2018
Streamlined money transfer applications dominated regulatory news this past week as seven states took the initiative to make it easier for traditional FIs and fintechs to broaden their reach across...
June 26, 2024
Cryptocurrency firm Abra and its CEO and largest equity owner Bill Barhydt have reached a settlement with 25 state regulators. The settlement follows the states’ finding that Abra and Barhydt operated a mobile app for buying, selling, trading and investing in crypto without receiving the required state licenses, the Conference of State Bank Supervisors (CSBS) […]
March 22, 2024
Sigue Corp. has stopped its money transmission activities after being ordered to do so by financial regulatory agencies from 39 states, Puerto Rico and the District of Columbia. “We are no...
December 13, 2022
A new state banking representative will be serving on the Financial Stability Oversight Council (FSOC). Adrienne A. Harris, superintendent of the New York State Department of Financial Services, will take...
January 14, 2022
A group of U.S. banking regulators withdrew their lawsuit that sought to block the federal government from granting bank charters to FinTech companies. The Conference of State Bank Supervisors (CSBS), the...
