Search Results for "legal services"
China’s Blockchain Services Network Now Under Major Development Alongside "Digital Fujian" Project in the Province
China’s Blockchain Services Network has been in development in the Fujian province, recently along with its 20 main blockchain projects.
HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash
The Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many of Libra’s original members, including Vodafone, PayPal, and Visa have also chosen to leave the association.
Ripple Operations Expand in Asia as it Looks to Explore CBDCs with Central Banks despite SEC Legal Pressure
Despite the Securities and Exchange Commission’s lawsuit against its firm, Ripple has continued to expand its services as a fintech firm.
IMF Believes Central Banks Need Strong Legal Frameworks for CBDCs to Work
The issuance of CBDCs by apex global banks has become a hot topic in the crypto space, and the IMF has delved into it with some precautionary measures.
Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services
Lawyers working within the metropolitan area of Washington DC can now accept cryptocurrency payments for legal services so long as the fee agreement is reasonable and fair, and the lawyer is able to safeguard their digital assets, the District of Columbia Bar stated in an ethics opinion.
Chinese Banks Clarify on Crypto Account Freezing Despite Alipay’s Crypto Ban Last Year
China’s banks were rumored to be freezing client accounts that have a history associated with the buying and selling of cryptocurrencies. However, according to a recent report, Chinese banks have clarified that this is not the case, and they are not shutting down any legal fiat to crypto accounts.
India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?
India has been taking multiple stances when it comes to blockchain and cryptocurrencies, as cryptocurrency has not been deemed legal, but not it is not considered illegal either. The National Payments Corporation of India (NPCI) recently designed and adopted a blockchain-based system for automating payment clearing and settlement processes.
Mongolia’s Oldest Bank Will Soon Offer Comprehensive Crypto Services
Mongolia’s Trade & Development Bank (TDB Bank), one of the oldest and largest banks in the nation, has announced plans to enter the crypto space.
Kik Survives Legal Battle With the SEC, Kin Crypto to Continue Trading on Exchanges
The Kin Foundation has disclosed that both itself and the cryptocurrency has survived the dispute with the US SEC.
Binance Enables Support for Naira, But is Cryptocurrency Legal in Yet in Nigeria?
Binance, one of the top cryptocurrency exchange has opened support for the Nigerian National currency (Naira) on its trading platform.
Thailand Immigration Services to Implement the Idea of Virtual Visas
Travelling to Thailand may become even more accessible, thanks to blockchain technology. Thai Immigration Officials are in the process of testing out an ‘eVOA’ service for tourists entering the country. As a result, physical copies of travel documents may no longer be necessary.
Japan Appoints Crypto-Friendly Leader as New Financial Services Agency Commissioner
Japan’s government seeks to appoint crypto-friendly leader Ryozo Himino as the next commissioner of the country’s Financial Services Agency.