Bloomberg Law

Crypto Kiosks, Licensing Are Targets for California Lawmakers

The cryptocurrency sector could be the subject of new regulation in California, and industry lobbyists are pushing back to ensure their businesses can still operate under new proposed scrutiny.

Silvergate Void Sparks Rush for Crypto-Savvy Compliance Workers

European financial firms catering to crypto companies are competing for top compliance staff as they manage a wave of demand following the collapse of US heavyweights Silvergate Capital Corp and Signature Bank.

Dubai Watchdog Warns on Risks of Crypto’s Global Regulatory Gaps

Dubai’s financial regulator warned that global watchdogs need to step up talks with each other to avoid “bad actors” exploiting gaps in crypto rules, according to an official.

Luxury Concierge Service Was Illegal Private Bank, US Says

A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.

Digital Currency Group Closes TradeBlock Institutional Platform

Digital Currency Group, the digital-asset conglomerate that is negotiating with creditors of its bankrupt lending business, is closing down its TradeBlock subsidiary that provides trade execution, pricing and prime brokerage services to institutional investors.

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Winklevoss Twins Try to Pivot After Gemini Loses Money, Staff

Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs. But these days, issues around the billionaire twins’ Gemini crypto exchange just seem to keep piling up.

Luxury Concierge Service Was Illegal Private Bank, US Says

A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.

FINANCE BRIEFING: Debt Deal Takes Shape With Two Year Cap

Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter. The details agreed to are tentative and a final accord is still not in hand. Plus, the two sides have yet to agree on the amount of the cap.

Digital Currency Group Closes TradeBlock Institutional Platform

Digital Currency Group, the digital-asset conglomerate that is negotiating with creditors of its bankrupt lending business, is closing down its TradeBlock subsidiary that provides trade execution, pricing and prime brokerage services to institutional investors.

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IRS Gets $21 Billion Haircut In Debt Limit Deal

The deal agreed to by President Joe Biden and GOP House Speaker Kevin McCarthy this weekend shaves more than $21 billion from the IRS’s $80 billion in supplemental funding, but the White House said it shouldn’t deter the agency’s overhaul plans.

Why Custodia Bank Is Suing the Federal Reserve

Wyoming-based Custodia Bank is suing to become part of the Federal Reserve System. Custodia Bank CEO Caitlin Long is on "Bloomberg Crypto."