State-Backed Cannabis Bank Bill Passes California Senate

Last week, California lawmakers moved to create a bank backed by the state that would help handle money from the state's newly created recreational marijuana market. The bill, SB930, which would allow charter banks and credit unions regulated by the California Department of Business Oversight to … Read more about State-Backed Cannabis Bank Bill Passes California Senate

Marshall Islands Replace US Dollar with Cryptocurrency

The Marshall Islands has created its own cryptocurrency, the Sovereign (SOV), and declared it the new official currency of the country, replacing the US Dollar. The bill creating the SOV was signed March 1, 2018. The SOV will now be the official legal tender for businesses and the 53,000 or so … Read more about Marshall Islands Replace US Dollar with Cryptocurrency

FINMA Releases ICO Guidelines, Provides Clarity for Participants

The Swiss Financial Market Supervisory Authority (FINMA) issued a new set of guidelines today that outline how it will respond to inquiries from Initial Coin Offering (ICO) organizers using financial market legislation, providing some clarity for those who choose to participate in … Read more about FINMA Releases ICO Guidelines, Provides Clarity for Participants