Michael Hsu, the acting chief of the Office of the Comptroller of the Currency, recently addressed his remarks to the Blockchain Association drawing similarities between the current growth of cryptocurrencies and decentralized finance (DeFi) and the credit default swaps (CDS) of the early-2000s.  In his remarks, Hsu emphasized that:

Continue Reading OCC: Crypto and DeFi Must Avoid Another Financial Crisis

Recently Florida and Arkansas made it a requirement for those engaging in virtual currency activities to obtain money transmission licenses in their respective jurisdictions.

Continue Reading Money Transmission Licenses Required for Virtual Currency Activities in Arkansas and Florida