During the pilot of the blockchain-based wallet, the county might be willing to explore the use cases of park facility registration, pet licensing, and over-the-counter building permit distribution.
The Silicon Valley Bank will now need assistance from the Federal Deposit Insurance Corp. to have any hope of making its depositors whole, although even Federal Government assistance has limits.
To counter the proliferating scams in the digital asset sector, the DFPI utilizes a scam tracker that displays the name and website used to lure victims and the type of scam employed.
Under the proposed bill, firms offering digital currency trading and services would need to apply for a permit with DFPI, a step taken to reduce the risks associated with investing in digital assets.
Scammers use age-old methods like phishing and impersonation to lure victims into investing in the lucrative digital asset sector, promising mouthwatering returns which never materialized, according to authorities.
Despite being flagged for unlicensed loan brokering, MyConstant says it will continue to offer some of its services to investors, including virtual currency-backed loans.
Judge Michael Fitzgerald dismissed the suit on the ground that investors failed to do their background research before investing in the project.
Digital asset lender SALT blamed the recent FTX collapse for its financial turmoil but noted that it is working with relevant stakeholders to resolve the debacle.
The state’s Department of Justice (DoJ) launched a webpage dedicated to all classes of digital assets designed to guide residents considering putting funds in them.
John Khuu was indicted in California and Texas for allegedly laundering $5.35 million in BTC for a drug trafficking ring he operated via the dark web.
Gov. Gavin Newsom nixed the bill, which would have created a licensing regime for VASPs similar to New York’s BitLicense, calling for a more flexible approach.
The bill was passed by the state’s Senate and the Assembly this week and heads to the governor’s desk, who has until September 30 to approve it into law or veto it.
