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Bitcoin Daily: UK Researching CBDC Use Cases; Lebanon To Introduce CBDC In 2021; SEC Member Pushes For Cryptocurrency Regulation; ShapeShift Delists Three Privacy Coins

PYMNTS

In other news, Securities and Exchange Commission (SEC) member Hester Peirce expressed hope that securities regulations concerning cryptocurrencies will speed up to match the speed of financial technology innovation.

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Today In Digital First Banking: LendingClub Gets OK To Buy Radius; European Banks Lend Less Amid Pandemic

PYMNTS

In today’s top news in digital-first banking, LendingClub said it has attained all of the regulatory approvals to close its $185 million acquisition of Radius Bancorp, while Euro area banks have reportedly scaled back lending to safeguard against risk. Plus, Plaid plans to focus on growth in Europe. Plaid To Focus On Growing European Market.

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Today In Payments Around The World: Mynt Looks For Additional Funding; WeTrade Transfer From OTC Could Bring In $121 Million

PYMNTS

In today’s top payments news around the world, Mynt is reportedly seeking more funding following a $175 million round, while WeTrade Group is seeking to raise roughly $121 million in its transfer from the OTC board to Nasdaq. Ant-Backed Mynt Seeks More Funding On Heels Of $175 Million Round.

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Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Financial technology provider Fiserv has devised a technology that allows individuals to accept payments on consumer-grade smartphones and other digital devices, as well as handheld business point-of-sale (POS) systems. The system will come fully online in the city by 2021, according to the MTA.

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 FinTech Collaborations and Frameworks Gain Steam in Asia

PYMNTS

The statements were contained in the PBOC’s FinTech Development Plan 2019-2021. As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country.

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New EU Card Rules Could Confuse Customers

PYMNTS

The head of research at financial technology consultancy 11:FS, Sarah Kocianski, said the changes have already caused problems. The Financial Conduct Authority (FCA) has delayed compliance deadlines to 2021, but some banks have started to take action regardless.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . Investors, we noted, watch other investors and may bid prices higher — in expectations that prices will go, well, higher.