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Avanti Granted Bank Charter And Approval Of Business Plan For Digital Asset Custody And Tokenized U.S. Dollar

On Oct 29, 2020
@Billaut shared
RT @AvantiBT: AVANTI IS OFFICIALLY A BANK! Our charter & business plan were approved 8-0 today, incl. #Avit (a tokenized US dollar, which we announced we'll issue initially on #Liquid (#Bitcoin sidechain) & #Ethereum. Open for commercial customers early Q1. More here: https://t.co/CgNazN08zV
Open

Avanti’s approved business plan includes several products and services, including a tokenized U.S. dollar called Avit™*; custody services for digital assets as a “qualified custodian” under the Investment Advisers Act; API-based online banking services, where customer deposits must be ...

avantibank.com
On Oct 29, 2020
@Billaut shared
RT @AvantiBT: AVANTI IS OFFICIALLY A BANK! Our charter & business plan were approved 8-0 today, incl. #Avit (a tokenized US dollar, which we announced we'll issue initially on #Liquid (#Bitcoin sidechain) & #Ethereum. Open for commercial customers early Q1. More here: https://t.co/CgNazN08zV
Open

Avanti Granted Bank Charter And Approval Of Business Plan For Digital Asset Custody And Tokenized U.S. Dollar

Avanti Granted Bank Charter And Approval Of Business Plan For Digital Asset Custody And Tokenized U.S. Dollar

Avanti’s approved business plan includes several products and services, including a tokenized U.S. dollar called Avit™*; custody services for digital assets as a “qualified custodian” under ...

Major US Crypto Exchange Gemini to Expand to UK, Improvement For Europe

Major US Crypto Exchange Gemini to Expand to UK, Improvement For Europe

The crypto exchange market of Europe has lagged behind the US, Japan, and South Korea in terms of infrastructure, regulation, security, and liquidity.

Crypto adoption has no future without regulation and law enforcement

Crypto adoption has no future without regulation and law enforcement

Crypto depends on the ability of regulators to create a framework that protects consumers and makes investing in crypto more welcoming.

Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate.

OCC Fines Capital One $100M Over AML Lapse

OCC Fines Capital One $100M Over AML Lapse

The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in the company’s Bank Secrecy Act and anti-money laundering ...

Anti-Money Laundering (AML): 5 Steps to Avoid Fines

Anti-Money Laundering (AML): 5 Steps to Avoid Fines

What could your firm do with over $2.9 billion? That’s the total amount of fines global regulators imposed on financial institutions in 2018 for non-compliance of anti-money laundering ...

What is KYC and Why does it Matter for Cryptocurrency Buyers

What is KYC and Why does it Matter for Cryptocurrency Buyers

Thoughtful regulation is necessary to create healthy markets and is a win-win for the cryptocurrency market and regulators alike.

How open source can help banks combat fraud and money laundering

How open source can help banks combat fraud and money laundering

Compliance with anti-money laundering and fraud standards, laws, and regulations is a familiar topic to financial institutions. After all, some of the rules and

Founders And Executives Of Off-Shore Cryptocurrency Derivatives Exchange Charged With Violation Of The Bank Secrecy Act

Founders And Executives Of Off-Shore Cryptocurrency Derivatives Exchange Charged With Violation Of The Bank Secrecy Act

Audrey Strauss, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the New York Field Office of the Federal ...

Lawyer shares tips on handling gray areas of blockchain regulation

Lawyer shares tips on handling gray areas of blockchain regulation

Even with FinCEN's new guidelines on cryptocurrency, there are still many gray areas. Robert A. Misiala Jr., counsel at BakerHostetler provides some clarity in a Q&A.

The startups creating the future of RegTech and financial services

The startups creating the future of RegTech and financial services

Technology has been used to manage regulatory risk since the advent of the ledger book (or the Bloomberg terminal, depending on your reference point). However, the cost-consciousness ...

The Travel Rule: New Compliance Guidance For Cryptocurrency Exchanges

The Travel Rule: New Compliance Guidance For Cryptocurrency Exchanges

If you are not currently under Recommendation 16 requirements, you should anticipate that these requirements will be coming.

How to Fundraise Correctly using Blockchain: Complying with the Regulations

How to Fundraise Correctly using Blockchain: Complying with the Regulations

Do you know that you have a great startup idea that just needs capital, but are unsure how to get your vision funded? While raising venture capital is still the

AML Bitcoin Compliance System Unveiled at FATF Regtech Forum

AML Bitcoin Compliance System Unveiled at FATF Regtech Forum

LAS VEGAS, Sept. 25, 2018 (GLOBE NEWSWIRE) -- As Regtech and Fintech move rapidly to transform the digital identity and cryptocurrency universe, AML BitCoin is positioned to lead...

Cryptocurrencies Pose National Security Threat, Mnuchin Says

Cryptocurrencies Pose National Security Threat, Mnuchin Says

The Treasury secretary raised concerns about cryptocurrencies, including Facebook’s Libra, saying they could be used to fund illicit activities.