PayPal Granted New York’s First ‘Conditional BitLicense’ to Offer Crypto Services

Canonical crypto regulator, the New York State Department of Financial Services (DFS) has granted the first “conditional BitLicense” to PayPal for a partnership with Paxos Trust Company enabling customers to buy and sell cryptocurrencies. DFS said Wednesday it was making good on a promise last year from Superintendent of Financial Services Linda A. Lacewell to […]

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Ex-Coinbase, BitFlyer Lawyer Joins Anderson Kill

Former Coinbase counsel Hailey Lennon is joining law firm Anderson Kill.  Lennon has joined Anderson Kill’s Los Angeles office as a shareholder in the Technology, Media and Distributed Systems Group. She joins a team of 10 other lawyers who practice in the crypto and blockchain space, including Stephen Palley, Preston Byrne and Bob Cornish.   “Hailey’s […]

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CoinDesk Joins IMF, CFTC, Swiss FINMA at DC Fintech Week

CoinDesk is partnering with DC Fintech Week, one of the world’s premier policy and regulation-focused digital currency conferences, to produce a special edition of CoinDesk Live.  The virtual event, which runs Oct. 19-22, brings together marquee names from Switzerland’s FINMA, Sweden’s Riksbank, the Bank for International Settlements, the Commodity Futures Trading Commission and the International […]

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Crypto Long & Short: A U.K. Ban on Crypto Derivatives Will Hurt, Not Protect Investors

This week the U.K.’s Financial Conduct Authority (FCA), which regulates the country’s financial services, issued a ban on the sale of crypto derivatives and ETNs to retail investors.  While this may not seem particularly material to crypto asset markets overall – U.K. retail investors weren’t that much into crypto derivatives anyway, and the market hardly […]

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A Regulatory Reckoning for the Crypto Industry?

Between BitMEX action, the U.K.’s derivative ban and the new U.S. Department of Justice enforcement framework, regulations are coming for crypto. On this week’s Breakdown weekly recap, NLW looks at a cross-section of regulatory news, including: NLW discusses why these might reflect a new moment in crypto history, what it means for current builders in bitcoin and […]

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