Over the weekend, Ripple Labs registered an LLC in Wyoming, an increasingly crypto-friendly state, following their initial filing in February of 2020.
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The 'Travel Rule' may sound like something pertaining to the aviation industry, but it is actually an essential piece of legislation that financial institutions–now including virtual asset service providers (VASPs) like EQUOS–must observe. Otherwise known as the 'funds transfer recordkeeping regulation,' the Travel Rule requires all financial services providers to transmit certain customer details along with transactions above a determined threshold to the receiving institution.
Read MoreOver the weekend, Blockchains LLC announced their plans to build a crypto city in Nevada. This would enable digital payments for every day purchases and services all over the city, among other things.
Read MoreOver recent months, cryptocurrency markets have witnessed accelerated growth. As traditional low-risk assets like treasury bills and bank deposits fail to return significant yield, and the mushrooming money supply of the world's global reserve currency fuels rising concern over inflation, cryptocurrencies as hard assets have gained a lot of traction.
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