'What we really need ... is to rewrite the axiomatic law itself so we can prevent bad actors while allowing this emerging crypto economy to grow,' ShipyardSW's MarkLurie says, explaining the U.S. Bank Secrecy Act. Watch more from policyweek:
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Wyoming crypto bank's Federal Reserve application deniedThe Federal Reserve Board has denied a Wyoming cryptocurrency bank's application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry's attempts to build acceptance in mainstream U.S. banking. Many in crypto have been looking to Cheyenne-based Custodia Bank's more than 2-year-old application as a bellwether for crypto banking. Approval would have meant access to Federal Reserve services including its electronic payments system.
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Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin NewsThe U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System.
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US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action – Regulation Bitcoin News'The current legal structure essentially holds up a giant sign over crypto that says, money laundering done here,' said the senator. cryptocurrency
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Missing ‘crypto queen’ Ruja Ignatova found alive after vanishing 5 years agoThe listing of a property in the heart of London has brought a notorious cryptocurrency fugitive who ran a $4 billion Ponzi scheme out of the woodwork.
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US SEC Inquires Investment Advisers Over Crypto Custody: ReportThe intersection of crypto and traditional finance is now under the watchful eye of the top US regulator.
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The Upward Momentum in Crypto May Not Live Forever | HackerNoonFinancial markets have witnessed a significant recovery since the beginning of 2023. However, everything is still a macro trade as the FED is yet to turn dovish - by ulriklykke crypto bitcoin
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