The Cowboy State is continuing its efforts to welcome blockchain and crypto startups, most recently by approving a bill to let blockchain startups to operate within a regulatory “sandbox” for a legislative vote. The Wyoming House Committee on Minerals, Business and Economic Development unanimously approved its financial technology sandbox bill on Friday. The bill, if passed into law,… Read More »
Two blockchain veterans are gearing up to launch what could be the first cryptocurrency exchange in the Persian Gulf to be licensed by a central bank. Revealed exclusively to CoinDesk, Rain Financial has opened its public waiting list after a year in the Central Bank of Bahrain’s fintech sandbox. Co-founded by Saudi blockchain consultant Abdullah Almoaiqel and Egyptian… Read More »
Even in blockchain-friendly jurisdictions, regulatory hurdles and old-fashioned mindsets are holding back innovation and growth for the industry. At least, that’s the conclusion you might have drawn from some of the talks at the Concordia Summit in New York Monday. The event, taking place alongside the United Nations General Assembly, included a special track devoted to blockchain discussions.… Read More »
A number of regulators from across the globe are forming a new alliance to facilitate the development of fintech in cross-border solutions.
For the first time, the U.K.’s financial regulator is directly recognizing the potential of blockchain-related startups. For the latest and fourth cohort of startups for its regulatory “sandbox,” the country’s Financial Conduct Authority (FCA) has given access to 11 blockchain and distributed ledger technology-related companies – almost 40 percent of the 29 accepted. The regulator received 69 applicants… Read More »
John Collins, is an affiliate at the Berkman Klein Center at Harvard University and former head of policy for crypto exchange Coinbase. I’ve written before about how I believe regulatory “sandboxes” for financial services innovation serve a useful function and, in absence of federal action in the U.S., states should establish them. Since that time Arizona passed legislation to… Read More »
International lawmakers speaking at CoinDesk’s Consensus 2018 conference today argued that regulatory “sandboxes” may offer the best approach for blockchain innovation in the absence of official guidance. Speaking at a panel discussion on global jurisdictions, U.S. House Representative David Schweikert said that, while there’s as yet no fully clear relegation in place in the U.S. to govern cryptocurrencies… Read More »