Paxos, Credit Suisse Claim First Blockchain-Based Settlement of US Equities – CoinDesk

New York-regulated crypto startup Paxos, in conjunction with Credit Suisse and Nomura-owned broker-dealer Instinet, has claimed bragging rights for the first live blockchain-based settlement of U.S. equities.  Announced Wednesday, the Paxos Settlement Service has gone live, allowing for the simultaneous exchange of cash and a select number of U.S.-listed securities on Paxos’ own private version […]

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NJ Counterterrorism Chief Warns US Congress: Crypto Is Funding ‘Domestic Extremism’ – CoinDesk

New Jersey Office of Homeland Security and Preparedness Director Jared Maples predicted Wednesday that domestic terrorists will increasingly turn to bitcoin. Speaking during a U.S. House Financial Services Committee monetary policy sub-committee hearing in Washington, Maples said domestic terrorists find value in bitcoin and other cryptocurrencies’ security and masked movements.  “They’re seeing the effectiveness of […]

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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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