Insurance and Finance

Top Insurance Stories – Subscribe to Insurance and Finance here

Wyoming Banking Regs Squeeze Bitcoin Exchange Company

Coinbase, a bitcoin wallet and exchange service company with operations serving more than 2.5 million users in 190 countries, has announced the suspension of all operations in Wyoming as a result of state financial regulators’ interpretation of the Wyoming Money Transmitter Act. As state regulators currently interpret the law, exchanging Wyomingites’ fiat currency for bitcoins or depositing bitcoins in Coinbase “wallets” requires state financial licensure and the maintenance of a dedicated fiat...

Senate Considers Dodd-Frank Reforms, Rollbacks

A bill to ease financial and investment regulations passed in 2010 in response to the 2008 banking crisis is under consideration in the U.S. Senate. The Financial Regulatory Improvement Act of 2015 (FRIA), proposed by Senator Richard Shelby (R-AL), was approved in May by the Senate Banking Committee. If signed into law, FRIA will ease financial regulations in the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as “Dodd-Frank,” and require the Federal Reserve and...

Read the latest issue of FIRE News

A monthly publication featuring the latest news on the issues that matter most.

Latest News in Insurance

Syndicate content