The U.S. State Regulators organization has rolled out a state-initiated program whereby nationwide payments firms, including cryptocurrency firms, will undergo one comprehensive exam in 2021 to satisfy all state examination requirements for the money transmitter license across the U.S. The firms holding licenses in 40 or more states in the U.S. will be eligible for the exam.
Phil Anderson is again challenging the state regulators by accepting election campaign donations in cryptocurrencies such as Bitcoin. Anderson is a candidate for Wisconsin State Assembly, District 47. He is a real estate broker, entrepreneur, business owner, and US Army Veteran. Anderson had accepted cryptocurrency donations during his 2018 campaign for Governor of Wisconsin.
After recently allowing them to begin offering cryptocurrency custody services for customers, the Office of the Comptroller of the Currency (OCC) has now clarified in a letter that federally chartered banks and thrifts 'may engage in certain stablecoin activities.'
Crypto payment card provider Wirex is set to launch the much anticipated Wirex Mastercard card, along with an upgraded crypo rewards programme. The move comes two months after Wirex was granted a Mastercard principal membership, allowing it to directly issue payment cards to customers.