Investment Learning

  • June 28, 2024

X Payments Receives Money Transmitter License in 31 US States

According to Odaily, X Payments, a subsidiary of X, has been granted a Money Transmitter license in 31 states across the United States. The states where the license has been approved include Arizona, Arkansas, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Virginia, West Virginia, and Wyoming. This development marks a significant milestone for X Payments as it continues to expand its services across the country.

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  • June 27, 2024

Bolivia Lifts Ban on Bitcoin and Other Cryptocurrencies

According to PANews, Bolivia has lifted its ban on Bitcoin and other cryptocurrencies. The prohibition, which was put into effect in December 2020, has now been officially revoked by the Central Bank of Bolivia (BCB) on June 26. The bank has announced that financial institutions are now permitted to engage in cryptocurrency transactions. Despite the fact that cryptocurrencies can now be traded through authorized electronic channels, the Central Bank of Bolivia has issued a reminder to its citizens that cryptocurrencies are not considered legal tender. This means that while they can be used for transactions, they are not recognized as an official currency by the Bolivian government. This move marks a significant shift in Bolivia's stance on cryptocurrencies, which were previously banned due to concerns over their potential use in illegal activities. The lifting of the ban indicates a growing acceptance of digital currencies and could potentially pave the way for further integration of cryptocurrencies into the country's financial system.

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  • June 27, 2024

Court Rules Against SEC in Ripple Case

According to BlockBeats, Ripple's Chief Legal Officer, Stuart Alderoty, announced on June 27 that the court has once again ruled against the Securities and Exchange Commission (SEC). The ruling was due to the SEC's illegal revocation of a proxy advisory firm's rules without adhering to the Administrative Procedure Act. The court pointed out that this illegal act was personally directed by SEC Chairman Gary Gensler. The case is known as 'National Association of Manufacturers v. SEC'.The case states that the SEC's 2020 rules never came into effect and were revoked in November 2021. The revocation process began shortly after the new SEC Chairman, Gary Gensler, took office. In June 2021, Chairman Gensler instructed his team to reconsider the 2020 rules and suspended their enforcement during this period. For more detailed information, refer to the official SEC statement.

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