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Bitcoin Daily: Ant Financial Starts Pilot For SMB Blockchain Network; Wyoming Announces Regulations For Crypto Custodians

PYMNTS

“While the blockchain is open to developers and institutions from all over the world, we will be cautious in terms of selecting nodes on the platform,” Jieli Li, senior director of technology and business innovation at Ant Financial, said in reports. But in the last two years just in crypto I’ve seen it multiple times.”

Wyoming 101
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Avanti Plans Real-Time Settlement Solution For Corporate Treasurers

PYMNTS

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. Avanti made its Wyoming intentions clear in February. ”

Wyoming 153
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Wyoming creates fintech sandbox

CFPB Monitor

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). The provisions requiring Wyoming’s Banking Commissioner and Secretary of State to adopt implementing regulations became effective on February 19, 2019.

Wyoming 60
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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox. The bill , titled the “Financial Technology Sandbox Act,” was introduced as 2019 dawned, and will allow new financial products to be tested in the state.

Lending 150
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'Just a kid from Wyoming': Caitlin Long fights for regulated crypto

American Banker

Long, founder and CEO of Custodia Bank, has pushed for digital-asset regulation in her home state of Wyoming. Now she's working on a national scale.

Wyoming 56
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Deep Dive: Why Smart Cities Should Get Smart About Digital ID

PYMNTS

Though kiosk-based medical care might seem impossible, the current usage of health-related connected devices indicates that this technology could someday become a reality. Urban centers could use connected technology to track the speed and efficiency of buses, trains and subways, as well as public and private vehicles.

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Patience wears thin in Wyoming as crypto banks await Fed approval

American Banker

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Wyoming 81