New York Governor Proposes Giving Financial Watchdog More Teeth – CoinDesk

New York Governor Andrew Cuomo wants to give the Department of Financial Services (NYDFS) more powers in regulating certain licensed entities, including cryptocurrency startups. Cuomo presented his 2020 “State of the State” report on Wednesday, a 321-page list of proposals including a new look at exemptions that currently exist for certain consumer financial products and […]

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Georgia Governor Appoints Bakkt CEO Loeffler as New US Senator – CoinDesk

Georgia Governor Brian Kemp officially appointed Bakkt CEO Kelly Loeffler to the U.S. Senate on Wednesday, where she will fill current Senator Johnny Isakson’s seat.  The Atlanta Journal-Constitution first reported that Kemp was considering Loeffler on Friday, with the Wall Street Journal, Washington Post, AP and other outlets confirming its reporting earlier this week. Loeffler […]

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PBoC Will ‘Crush’ Foreign ICOs Targeting Chinese Investors: Official – CoinDesk

A vice governor of the People’s Bank of China (PBoC) has again issued strong statements against initial coin offerings (ICOs), singling out those that have moved overseas, but are still marketing to investors in China. Speaking at an internal meeting of the Internet Finance Rectification Working Group on Monday, Pan Gongsheng reiterated that ICOs, “disguised” […]

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