MicroStrategy, one of the few companies with a large amount of cryptocurrencies, has appointed a new chief financial officer for Andrew Kang, The Wall Street Journal reported Wednesday.
This was after the company announced last week that it would offer employees the option to invest a 401 (k) fund in Bitcoin. Kang was formerly the CFO of Green Sky, a lender for home improvement.
In more crypto news, the Council of Europe’s anti-money laundering and anti-terrorism financing agency, Moneyval, is calling on the government to do more to regulate the virtual wealth sector, he said. The meeting’s press release said.
The organization wants to investigate the work of professional “gatekeepers” such as lawyers, accountants, and other service providers who assist laundry shops.
The report talks to Moneyval Chair Elżbieta Frankow-Jaśkiewicz about the growing scale of money laundering and “Rondaler’s relentlessness to abuse the international financial system to hide fraudulent earnings” in a Pandora Papers leak. I am quoting.
Meanwhile, the Bank of Uganda has warned payment intermediaries to promote cryptocurrency transactions because it does not allow any institution in the country to do so, Bloomberg reported.
This happens after a press ad states that investors can convert cryptocurrencies to mobile money and vice versa. Banks said it wouldn’t happen without service providers and sysops.
In other news, digital asset data provider Amberdata has raised $ 30 million in Series B, according to a press release.
Amberdata’s work includes providing blockchain networks, crypto markets, and DeFi data and insights for the largest financial institutions entering the digital asset class.
Meanwhile, Binance has officially obtained a Digital Asset Service Provider (DASP) registration from Autorité des marchés financiers (AMF), Coindesk wrote.
AMF regulates and protects French financial markets and enhances investor financial literacy. It is an independent institution, focusing on French banks and insurance.
Meanwhile, Coinbase has tweeted that Coinbase NFT Beta is open to everyone.
“We’re still working on adding more features to our products, but we’re anxious to help us build them in public,” the company tweeted.
Meanwhile, California Governor Gavin Newsom has signed a presidential directive to enable more responsible innovation through the “transparent” regulations and business environment of Web3 companies, the press release said.
The state is currently evaluating ways to introduce blockchain technology to the state and public sector, and will also establish research and workforce development channels to prepare California for further innovation later.
Finally, the state of Hawaii plans to develop a task force to investigate the possibility of using cryptography, state government documents say.
The state acknowledges the “extreme potential” of its use and says it wants to investigate whether and how to regulate cryptography as needed.
This report “looks at the data and other aspects” and considers plans to expand blockchain adoption publicly and privately.