When the @SECGov's X account got hacked, causing turmoil in #Bitcoinmarkets w/ a fake post on the anticipated #ETF approval, it raised alarms about account security. Explore the incident's lessons w/Erin O'Loughlin of @acfcsonline & Joe Ciccolo @AML_Report
https://t.co/P1ChySFTMT
FL S0662: regulates #virtualcurrencykioskbusinesses, proposing amendments to statutes. The OFR oversees registration, licensing, and operations. The act outlines rules for registration, renewal, reporting changes, and penalties for non-compliance: https://t.co/9pu25e7kwA
Missouri SB1050: "Creates new provisions relating to #digitalmining.": https://t.co/ARf9jcLVsR
New Hampshire HB1444: "This bill adds limits to the regulatory powers of political subdivisions over #digitalassetmining businesses.": https://t.co/801xQhwCK5
#Florida H0977: "An act relating to #virtualcurrencykiosk businesses."
Read More: https://t.co/VJ5v4VzEAJ
#New Jersey A5747: "Classifies all #virtualcurrencies issued and sold to institutional investors as #securities."
Read More: https://t.co/C488QoakFx
CA AB 1116 regulates #moneytransmission by the Commissioner of Financial Protection & Innovation. It introduces changes like electronic reporting, updates financial requirements, & imposes obligations. Transitional provisions are in place until 1/1/25.
SB 401, Limón, regulates digital financial asset transaction kiosks under the DFPI. #cryptoatms https://t.co/pwJ3U98UPP
AB 39, Grayson, introduces the Digital Financial Assets Law, regulating #digitalasset businesses: https://t.co/a6QeZdhpd0
#californiacrypto#CryptoLegislation
“August 28, the @CaliforniaDFPI successfully launched its new cloud-based Self-Service Complaint Portal, marking a significant upgrade from the legacy online form.”
Link: https://t.co/pGlR60wVYo
#DFPI#consumerprotection
#CaliforniaSB95: Revisions to #UniformCommercialCode for electronic money & assets, defines #virtualcurrency, clarifies exclusions, defines controllable accounts/payment intangibles, outlines control procedures for digital assets.
Effective 1/1/24
More: https://t.co/wfTQA0BBG0
#Consumerprotection is vital in the #crypto space. @CaliforniaDFPI's new complaint platform is a step toward scam prevention. Crypto companies must prioritize consumer protection to earn trust and avoid regulatory issues.
https://t.co/DeAOc1ARC3
US HR4766 aims to regulate payment #stablecoins, making it illegal for anyone except approved licensed issuers to create them for use within the US. Payment stablecoins are digital assets for payment with fixed-value redemption and stable value assurance: https://t.co/2db1vFUZo0
US S2669 - "A bill to require the @NUSA_FINCEN to issue guidance on #digitalassets, and for other purposes." Effective Immediately. Read more: https://t.co/trjDJ6shLa
#regulatoryguidance
To operate a #moneytransmissionbusiness legally, you need a #moneytransmitterlicense, which varies in cost depending on location, license type, and fees.
Read more from @InvestorTimesEN: https://t.co/1OomEF3lhC