New York Regulator Details Changes to Contentious BitLicense – CoinDesk

The New York Department of Financial Services (NYDFS) is getting specific about how it will update its controversial virtual currency license.  Announced Wednesday by Superintendent Linda Lacewell at a breakfast held by Crain’s New York, the proposed guidance will modify the approval process for listing new cryptocurrencies. Under the current regime, NYDFS approves every cryptocurrency […]

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Bitfury Invests in Shyft Network to Build Decentralized Identity Products – CoinDesk

The Bitfury Group has made what it calls a “strategic acquisition” in decentralized credential provider Shyft Network as it prepares to build out government-facing identity products. Bitfury would not supply the total investment in the product. The deal as outlined in a December 11 press statement will see Bitfury invest in Shyft’s Financial Action Task […]

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SEC Taking ‘Measured’ Approach to Digital Asset Regulation, Jay Clayton Tells Senate Committee – CoinDesk

The chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, says his agency is taking a “measured” regulatory stance on “promising” blockchain tech. Giving testimony on the oversight of his agency before the Senate Committee on Banking, Housing and Urban Affairs on Tuesday, Clayton honed in on its regulation of the crypto and […]

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