Andrew Yang, the Democratic Party front-runner in the race to be New York’s next mayor said he would transform New York City into “a hub for BTC and other cryptocurrencies” noting the city to be “the world’s financial capital.Read more
Japanese internet firm GMO has obtained approval from regulators in New York to issue a yen-pegged stablecoin.
This makes GMO the 27th BitLicense recipient to be allowed to engage in virtual currency operations in the state.
Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust will be headquartered in New York, licensed to hold cryptocurrencies and execute the duties of a regular trust bank.Read more
The New Jersey Senate is set to consider a new bill that proposes the creation of a new, mandatory licensing framework for all cryptocurrency firms operating in the state.
Introduced on Nov.
Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months.Read more