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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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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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'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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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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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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CFPB and Colorado Attorney General announce joint virtual office hours as part of AFCIN

CFPB Monitor

The CFPB and the Colorado AG’s Office have announced they will hold joint virtual office hours as part of the American Consumer Financial Innovation Network (ACFIN). The CFPB’s announcement invites innovators to request a meeting and describe the topic(s) they would like to discuss during their virtual session.

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CFPB and Utah AG announce joint office hours in Salt Lake City as part of ACFIN

CFPB Monitor

The CFPB and Utah AG’s Office have announced that they will hold the first joint office hours as part of the American Consumer Financial Innovation Network (ACFIN). The joint office hours will be held on January 30, 2020 in Salt Lake City, Utah.

Utah 78