#CryptoCorner: tZERO (NasdaqGM:OSTK) Launching Retail Security Token Trading, FATF Designing Global #Crypto System, Ripple CEO Says Company Eyeing Further Investments and Rhode Island to Regulate Crypto Under Money Transmission Laws

#CryptoCorner: tZERO (NasdaqGM:OSTK) Launching Retail Security Token Trading, FATF Designing Global #Crypto System, Ripple CEO Says Company Eyeing Further Investments and Rhode Island to Regulate Crypto Under Money Transmission Laws

Point Roberts WA, Delta BC, August 9, 2019 -  Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s  (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.

Listen to today’s Crypto Corner Podcast:

Subscribe to Podcast RSS feed:

August 9 Crypto Corner

Stocks discussed: (NasdaqGM:OSTK) (NasdaqGS:MGI)

tZERO, the blockchain-focused capital markets platform from retail giant Overstock (NasdaqGM:OSTK) is opening up security token trading to retail investors on August 12, according to a report from CoinDesk. tZERO CEO Saum Noursalehi told CoinDesk that the company is “expecting up to 50,000 investors who previously bought Overstock’s shares to get on board with digital securities trading”.

“We had a lot of broker-dealers, about 30 or 40, reach out to us that want to get involved in this ecosystem. We’re working on these requests. Investors have been sending questions as well. They are excited and they are trying to understand it.”

Noursalehi also revealed that the company is working to get approved for a virtual currency license from the New York Department of Financial Services.

“The New York BitLicense is challenging to get, we are working on it, we’re hoping to get it in the next six months.”

Nikkei Asian Review reports that the Financial Action Task Force (FATF) is planning to design a “system to collect and share personal data on individuals who conduct cryptocurrency transactions” comprising about 15 governments as members. With the goal of preventing money laundering and terrorism financing, the system is intended to be up and running in a few years, whereupon it will be turned over to private sector control.

Many countries have not yet created regulatory regimes for cryptocurrencies, so international cooperation may speed up the development of legal measures. About 15 countries, including the G-7 members, Australia and Singapore, will develop the new system.

The CEO of Ripple, Brad Garlinghouse, told Yahoo that the crypto company is working on “multiple” potential investments and acquisitions following its $30 million parntership with MoneyGram (NasdaqGS:MGI).

“We’re in a very strong position, our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage. Anything we can do to accelerate our growth and give us more capabilities that serve customer needs is a good place to be.”

International law firm Alston & Bird reports that the U.S. state of Rhode Island will regulate cryptocurrencies under its money transmission laws. An excerpt from the report reads:

The bill requires licensees engaging in virtual currency business activities to provide certain specified disclosures to residents.  Further, licensees must create and maintain certain compliance programs, including business continuity and disaster recovery programs, anti-fraud programs, anti money-laundering programs and information and operational security programs.

Sam Mowers, Investorideas

Read other editions of the  Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations.  https://www.fliptopay.com/

More info on the sector:
Investor Ideas is positioning as a  leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip. More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Learn more about our news, PR and social media services at Investorideas.com

Follow us on Twitter https://twitter.com/Investorideas

Contact Investorideas.com

Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories