Huobi Registers Crypto Exchange With FinCEN Before Its Launch In The US
The US-based operation of Huobi has been registered as a money services business with the US government.
As of March 21, HBUS Inc. is registered with the Financial Crimes Enforcement Network (FinCEN).
This happened ahead of the planned rollout of the cryptocurrency exchange this spring, which was announced in January.
As part of its plan to expand to the American market, Huobi opened an office in San Francisco to rollout as a new crypto-only exchange platform in the US.
British Government Minister Calls For Proportionate Cryptocurrency Rules
John Glen, the UK's City Minister told reporters during the Treasury's International Fintech Conference on March 22 that proportionate regulations could bring a significant boost to the local cryptocurrency industry.
He noted that current level of crypto trading and other related activities do not pose any significant risk to the country's economy.
Glen emphasized that taking measured steps is important before encouraging local innovation with more legal clarity.
The US Department Of Treasury Is Offering Advice To Government Agencies Interested In Blockchain
In a blog post published by the US Department of Treasury, they are openly offering advice to other government agencies in the country who are interested in integrating blockchain or distributed ledger technology (DLT) to their internal systems.
The post includes a number of lessons obtained by the officials while exploring with a proof of concept blockchain system.
Also, it advises developers to give extensive time in interviewing stakeholders rather than jumping straight into producing the system.
Link to the US Treasury blog post
Headlines for the world of Cryptocurrencies - March 25, 2018Google To Develop Its Very Own Blockchain Despite Prohibiting Cryptocurrency Related Ads / Japanese IT Giant Fujitsu Launches International Blockchain Innovation Center In Brussels, Belgium / The Department Of Finance Of Ireland To Create Blockchain Working Group |
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Headlines for the world of Cryptocurrencies - March 24, 2018Malta Opens Its Doors Binance And Bids To Become A Blockchain Island / Bitstamp To Be Sold To South Korean Investors, Reports Say |
Headlines for the world of Cryptocurrencies - March 23, 2018British Government Launches A Cryptocurrency Task Force To Harness Benefits Of FinTech / Yahoo Japan Is Said To Launch A Crypto Exchange Within This Year 2018 |
