The California Digital Financial Assets Law (DFAL) is now in effect and is reshaping how cryptocurrency and digital asset businesses operate in the Golden State. Originally enacted as Assembly Bill 39 (AB 39), the law establishes a comprehensive licensing and regulatory framework for businesses engaged in digital financial asset activities, drawing heavily from New York’s […]
FinCEN has issued a new notice warning financial institutions, including money services businesses (MSBs), to be vigilant about suspicious activity involving convertible virtual currency (CVC) kiosks. These kiosks, which function like ATMs for digital assets, are being increasingly exploited for scams and other illicit activities, putting operators and financial partners at risk. CVC Kiosk Concerns […]
Since the inception of Bitcoin in 2009, Cryptocurrency, has been met with major skepticism throughout the years, but one thing remains certain; it is a viable solution for many real-world applications. Powered by Blockchain technology, which both stores transaction records and validates token transactions or transfers (e.g., Bitcoin), has proven to be a promising alternative […]
At this point we’ve all heard of the notorious CoronaVirus (COVID-19) and its rapid spread from country to country. As with any virus, there are various ways it can spread aside from actual human-to-human contact. USA Today reported that studies are now showing that payment systems and platforms including ATM’s, various payment tablets, and credit […]
