[BeyondCC Daily Update] - 18 March 2020
On Wednesday, the U.S. Federal Deposit Insurance Corporation Board (FDIC) gave the payments startup conditional approval for a bank charter to launch Square Financial Services, an Industrial Loan Company. Headquartered in Salt Lake City, Utah, the bank also received approval from The Utah Department of Financial institutions for the charter.Ventilators, Crowdsourcing, VR, Personal Broadcasting: How Crypto Is Helping During the Coronavirus Crisis (Updated)
Grant Gulovsen of Gulovsen Law Office and Rafael Yakobi of The Crypto Lawyers have teamed up to offer free 20-minute legal consultations to members of the crypto community. The sessions will be conducted via online video conference.Hawaii Hints It May Relax Onerous Rule to Lure Crypto Firms
The “Digital Currency Innovation Lab” by Hawaii’s Department of Commerce, Division of Financial Institutions (DFI), and the Hawaii Technology Development Corporation (HTDC) will give “selected” firms a two-year reprieve from Hawaii’s state money transmitter license requirement, according to a press release shared Tuesday, as the state begins to develop new cryptocurrency legislation.