Payments Dive

AUGUST 20, 2019

With Facebook's announcement of its cryptocurrency Libra, cryptocurrency has gotten a lot more attention recently, and not all of it is positive, especially from U.S. Many are seeing cryptocurrencies like Libra as a national security issue.

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PYMNTS

DECEMBER 8, 2020

The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 Experts estimate that cryptocurrency-related crimes totaled $4.3 billion in laundered money , with this problem only expected to grow as cryptocurrencies grow more popular. billion by 2024.

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PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

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PYMNTS

NOVEMBER 10, 2020

PayPal is opening its network to allow consumers to shop using cryptocurrency. In the meantime, as central banks look toward a rough timeframe of 2025 to get up and running with digital fiat, McCarthy said that over the short term we’ll see more practical use cases leveraging cryptocurrencies — especially in the business-to-business space.

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PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems.

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Bank Innovation

SEPTEMBER 28, 2017

EXCLUSIVE- To make a government-backed cryptocurrency is to defeat the point of cryptocurrency, Jacob Eliosoff, a programmer, crypto trader, businessman, and teacher, explains in an interview with Bank Innovation. There is no shortage of interest in government-backed cryptocurrency in today’s world.

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PYMNTS

DECEMBER 10, 2020

Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 Bitcoin is one of the most famous names in the cryptocurrency space, accounting for $6 billion in daily transactions among 153 million registered user addresses. Cryptocurrency-related crimes totaled $4.3

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Bank Innovation

MARCH 8, 2018

The Securities and Exchange Commission is telling investors to ask their cryptocurrency platforms 13 questions to weed out the “”potentially unlawful” ones.

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PYMNTS

NOVEMBER 25, 2020

That, apparently, is a concern of the outgoing Trump Administration’s spy chief, with Director of National Intelligence John Ratcliffe warning, in a letter obtained by the Washington Examiner , of Beijing’s growing influence and power in the cryptocurrency sector. Tom Cotton (R-Ark.) that expresses similar concerns. competitors.

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PYMNTS

JANUARY 26, 2021

But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. Wider adoption will be driven, in part, by regulatory frameworks that enhance security and foster trust in using cryptos in everyday commerce. Bitcoin gets all the headlines. They have some ideas of what they want to do,” Johnson said.

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PYMNTS

JANUARY 18, 2022

18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. The ban applies to exchanges, banks and financial institutions licensed to provide cryptocurrency services. Treasury said Tuesday (Jan. On Monday (Jan.

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Bank Innovation

MARCH 21, 2017

Cryptocurrency and blockchain offer many potential benefits to banking customers, such as faster and more secure cross-border payments. But how about bank employees? A software development company Softjourn demoed “SJ Coins” (or Softjourn Coins)– a rewards system for employees– at the FinDEVr conference today.

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Payments Source

JULY 15, 2019

Facebook's announcement makes it more important than ever to clarify what a digital security and cryptocurrency are, and what they are not, according to Juan Hernandez, CEO of Openfinance and Carlos Domingo, CEO and co-founder of Securitize.

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CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

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Bank Innovation

DECEMBER 31, 2018

It was a tough year for cryptocurrencies. Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase.

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Bank Innovation

OCTOBER 12, 2017

The People’s Republic of China will likely re-legalize cryptocurrency trading, ending its nation-wide ban on crypto exchanges from early September, as reported by cnLedger, a well-known source on cryptocurrency news in China.

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PYMNTS

JULY 29, 2020

He added that while cryptocurrency is important, the blockchain technology behind it is equally so. “Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it,” he said, according to Bloomberg. Crypto trading is currently available in 40 states in the U.S.,

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Bank Innovation

FEBRUARY 7, 2018

EXCLUSIVE -The chairs of Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), John Clayton and J. Christopher Giancarlo respectively testified before the Senate Banking Committee yesterday on their regulatory ideas and concerns on cryptocurrency. Surprisingly, the sentiment was not a negative one.

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PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. The New York State Department of Financial Services (DFS) has proposed a conditional licensing framework that promises to make it easier for cryptocurrency startups.

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Bank Innovation

FEBRUARY 23, 2018

Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according to a report by Nikkei Asian Review.

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Bank Innovation

JUNE 18, 2019

unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. Facebook Inc.

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PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.

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PYMNTS

DECEMBER 7, 2018

Coinbase, a platform that allows users to buy, sell and store cryptocurrency, said it is considering adding 30 new cryptocurrencies to its roster for trading, according to a report. Coinbase has ambitious plans for cryptocurrencies. This year, it added Ethereum Classic, 0x, USD Coin, Basic Attention Token and Zcash.

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Bank Innovation

FEBRUARY 6, 2018

EXCLUSIVE – When it comes to cryptocurrencies and Initial Coin Offerings (ICOs), it seems that the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have their work cut out for them to balance technological innovation with protecting investors.

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PYMNTS

DECEMBER 22, 2020

Securities & Exchange Commission (SEC) has filed action against Ripple over allegedly conducting a $1.3 billion unregistered securities offering, Reuters reported on Tuesday (Dec. The lawsuit comes after a debate over whether XRP is a security and should be registered with the agency.

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Bank Innovation

OCTOBER 3, 2017

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan. Last week, Japan’s […].

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Chris Skinner

MARCH 21, 2018

AI, AGI, ASI (Artificial Intelligence, Artificial General Intelligence, Artificial Super Intelligence); machine learning and deep learning; blockchain, shared ledgers and distributed ledger technologies; cryptocurrencies, virtual currencies and digital currencies; Open Banking and Open APIs; and so on and … The post How quantum will change everything (..)

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Bank Innovation

OCTOBER 16, 2017

Russian Minister of Communications and Mass Communications Nikolai Nikiforov has announced that the Russian state will “quickly” issue its own cryptocurrency, called the “CryptoRuble,” as reported by the Russian publication AIF.

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Perficient

MAY 25, 2023

PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities. The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients. The significance of this is two-fold.

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PYMNTS

AUGUST 28, 2019

While Facebook’s proposed cryptocurrency Libra hangs in regulatory limbo over concerns of money laundering and a threat to financial stability, popular social network Telegram has plans to release its own cryptocurrency by October, according to a report by The New York Times. “A

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PYMNTS

JULY 29, 2020

He added that while cryptocurrency is important, the blockchain technology behind it is equally so. “Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it,” he said, according to Bloomberg. Crypto trading is currently available in 40 states in the U.S.,

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Bank Innovation

SEPTEMBER 25, 2017

Even after shutting down dozens of bitcoin exchanges and banning bitcoin executives from leaving its borders, the“mouthpiece” for the People’s Bank of China, Financial News, published an article declaring that Beijing should “accelerate the process of launching a digital currency after it curbed the risks of [en]cryptocurrencies.”

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The Paypers

APRIL 25, 2024

US-based cryptocurrency custody company Fireblocks has added new security features to its DeFi suite, namely dApp Protection and Transaction Simulation.

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PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

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PYMNTS

MARCH 27, 2017

As far as cryptocurrencies have come in recent years, a number of security and fraud risk elements still remain. The ability to reliably tie cryptocurrency transactions to individuals could be a game changer for law enforcement. But developers are working to bring the seedier side of bitcoin to a close.

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CFPB Monitor

DECEMBER 1, 2021

In Bulletin 2021-36 Freddie Mac addresses cryptocurrency in the mortgage qualification process. Freddie Mac indicated that it is providing guidance “[d]ue to the high level of uncertainty associated with cryptocurrency.”. those assets may not be in the form of cryptocurrency. Cryptocurrency must be exchanged for U.S.

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PYMNTS

SEPTEMBER 20, 2019

Cryptocurrency exchange and remittance company Ripple has asked a federal judge to dismiss a lawsuit against it on procedural grounds, according to a report by Fortune. The lawsuit, which alleges that Ripple illegally sold unregistered securities related to the XRP cryptocurrency, could have some repercussions in the crypto world.

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