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A clarified blockchain politics summary from the previous 7 days.
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July 3rd, 2020
Good Friday morning. Here are some of the stories making news in blockchain politics over the last 7 days.
UK Regulator Lifts Restrictions On Wirecard
The firm's U.K. subsidiary was ordered to cease all of its regulated activities last Friday.
Wirecard now has a written consent to resume operations and is expecting all of its cards to be operational by 1 July.
Nigeria’s SEC Deems “World’s First Philanthropic Blockchain” Illegal, Unregulated
The commission has publicly announced that IBSmartify products are not registered or regulated.
Any person dealing with IBSmartify will assume personal responsibility for their actions.
U.K. Regulator Suspends Wirecard’s Card Issuer
The FCA started working with Wirecard's subsidiary immediately after it became known it was missing $2.1 billion.
As a result of the action, Crypto.com is now about to terminate its card operations in the EU and UK.
New York Financial Watchdog Alerts Crypto Companies About BitLicense Applications
The DFS has introduced a checklist of requirements for licenses.
With the new rules, the regulator expects that incomplete applications will not be sent, which will result in better usage of its resources.
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