Blockchain
Argo Blockchain Commences Trading on the OTCQB Venture Market in the United States
Argo Blockchain (LSE: ARB), the leading cryptocurrency miner based in the UK, is pleased to announce that it has received approval from the OTC Market Group Inc. to commence trading on the OTCQB Venture Market under the ticker symbol “ARBKF” at the opening of the trading day on 13 January 2021. Argo’s shares will continue to trade on the London Stock Exchange.
The OTCQB offers transparent trading in entrepreneurial and development stage companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process.
Trading on the US OTC market has no impact on existing Argo ordinary shares trading on the Main Market of the London Stock Exchange and no new ordinary shares will be issued as part of the cross-trade. Argo will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
Peter Wall, Chief Executive of Argo Blockchain, said: “Argo is delighted to begin trading on the OTCQB Venture Market. The cross-trading of the ordinary shares from London will provide the Company with increased access to US institutional and retail investors and a broader shareholder base. US investors will now have the opportunity to share in the Company’s growth as the cryptocurrency market gains momentum. US investors can find real-time quotes and market information for Argo at www.otcmarkets.com and access current company news and developments.”
Jonathan Dickson, VP of International Corporate Services at OTC Markets, said: “We are delighted to welcome Argo Blockchain plc to the OTCQB Market. The OTC Market supports international companies seeking to strengthen visibility and transparency in the US public market. Trading on the London Stock Exchange and on the OTCQB Market will enable Argo to efficiently build global investor awareness and provide US investors with a seamless trading facility, enabling them to more easily trade through the broker of their choice.”
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
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Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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