Mexico’s New Crypto Regulations are Making it Tough for Blockchain Entrepreneurs to Survive

2019-8-6 17:58

According to a report released a Mexican media outlet recently, a new fintech law brought into effect by the Bank of Mexico (Banxico) could force a total of 201 blockchain related startups to cease their ongoing operations permanently.

The law in question was cleared last year but has only come into effect recently. It targets […].

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In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

2019-5-18 22:14