Blockchain
Hawaii crypto firms no longer need MT license, regulator rules
Cryptocurrency firms in Hawaii are now exempt from the requirement to obtain a Money Transmitter License (MTL) to operate in the state. The Hawai‘i Department of Commerce and Consumer Affairs (DCCA) announced the conclusion of the Digital Currency Innovation Lab (DCIL) on June 30, 2024. This initiative, which began in 2020, aimed to explore digital currency activities and assess the necessary regulatory framework for crypto-related companies.
Following the project’s completion, Hawaii authorities decided that digital currency companies no longer need a Hawai‘i-issued MTL to conduct business within the state. However, these companies must still comply with federal regulations set by the Financial Crimes Enforcement Network (FinCEN), the Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA), among other federal regulatory requirements involving consumer protection and Anti-Money Laundering measures.
Obtaining a MTL license typically requires significant resources, including maintaining permissible investments, a minimum net worth, a business plan, and a compliance program. The requirements for an MTL vary by state, leading to inconsistency and making it difficult for businesses to operate uniformly across the U.S.
Major industry players, such as the crypto payment gateway Alchemy Pay, have been actively working with regulators to secure MTL licensing in multiple states. Despite the exemption in Hawaii, the DCCA emphasized the importance of consumer awareness regarding the risks associated with cryptocurrencies. Banking Commissioner Iris Ikeda highlighted the need for public education on these risks, indicating that this would be a primary focus for the authority moving forward.
The Federal Bureau of Investigation (FBI) recently warned against emerging criminal schemes targeting cryptocurrency scam victims, advising the public to be cautious of advertisements for crypto recovery services and to protect private information. The FBI has also advised against using unregistered crypto money transmitting services.
Source: cointelegraph.com
The post Hawaii crypto firms no longer need MT license, regulator rules appeared first on HIPTHER Alerts.
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
Blockchain
Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum
Bybit
Blockchain
Libfx.com Announces Vision to Build a World-Class Financial Platform
-
Blockchain6 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
-
Blockchain Press Releases6 days ago
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
-
Blockchain Press Releases7 days ago
Flipster Achieves ISO/IEC Certification
-
Blockchain Press Releases6 days ago
Bybit Lists LUNAI as AI Influencer Luna Makes Her Web3 Livestream Debut
-
Blockchain Press Releases7 days ago
KuCoin’s “Light Up Africa” Donation Ceremony Held in Ghana, Benefiting 36,000 African Children
-
Blockchain5 days ago
Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws
-
Blockchain5 days ago
LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape