Ripple’s acquisition of Fortress Trust adds to company’s regulatory licenses

Ripple has reportedly completed its acquisition of web3-focused company Fortress Trust for an undisclosed sum. On Sept. 6, the crypto company revealed that it had agreed to purchase the Nevada-based chartered trust company. According to the press statement, the acquisition would further complement Ripple’s business and product roadmap. The acquisition broadens Ripple’s regulatory licenses, including … Read more

US Senator Says Lack of Regulatory Clarity is Driving Crypto Outside the US

Source: AdobeStock/rarrarorro Senator Bill Hagerty (R-Tenn.) has said that the lack of regulatory clarity in the United States is creating an unfavorable environment, driving crypto companies outside the country.  “It is a terrible environment. For those companies who are trying to invest and expand, it’s forcing them to look overseas to more favorable regulatory environments,” Hagerty said while … Read more

Key G20 Policy Paper Suggests Against Blanket Crypto Ban, Calls for Comprehensive Regulatory Oversight

Source: Pexels A joint synthesis paper from the International Monetary Fund (IMF) and the Financial Stability Board (FSB) on crypto regulations is set to be presented to G20 members during the leadership summit under India’s presidency on 9th and 10th September.   The key policy paper, released on Thursday, acknowledges the challenges of enforcing a blanket … Read more