Perficient

SEPTEMBER 16, 2022

Additionally, the Supervisory Letter states that Board-supervised banking organizations should notify the Board prior to engaging in crypto-asset-related activities. The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act.

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Perficient

MAY 27, 2022

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. State Regulations.

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Payments Source

OCTOBER 8, 2019

Crypto assets such as Libra could have a systemic effect on financial stability and should be regulated by the European Union, according to the bloc’s incoming financial services chief.

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Payments Dive

APRIL 8, 2022

The regulator said it supports safe and sound innovations, but is concerned that the risks associated with crypto assets and crypto-related activities are not well understood.

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PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. But this trend toward crypto doesn’t stop there. The Pandemic Pop.

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cryptocurrency Regulation Trends Bitcoin 323

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 2 The FTC recommends that financial institutions watch for these top ten crypto scams. Takeaway 3 Crypto is a risky investment. Increased crypto use means increased crypto scams.

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Payments Dive

JULY 6, 2022

Fintechs and financial services players will "be the driver of innovations and regulations that enable stablecoins, crypto and other digital assets to scale," argues Metallicus Chief Financial Officer Irina Berkon.

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Regulation Innovation Fintech 195

Bobsguide

MAY 31, 2019

The International Organization of Securities Commissions (Iosco)’s attempt to harmonize crypto regulation will have no immediate impact, as national regulators are still failing to understand jurisdictional governance, says a lawyer. While the CEO of a crypto exchange says the lack of adoption.

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PYMNTS

OCTOBER 13, 2019

financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. For the purpose of this joint statement, ‘digital assets’ include instruments that may qualify under applicable U.S. Earlier this year, U.S.

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BankInovation

DECEMBER 21, 2021

Credit unions are looking for approval to hold digital assets like Bitcoin directly, after a federal regulator clarified they can provide cryptocurrency services to customers by partnering with third parties.

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Regulation cryptocurrency Bitcoin National 94

Perficient

FEBRUARY 4, 2022

Hsu spoke in late January at the British-American Business Transatlantic Finance Forum Executive Roundtable regarding the regulation of crypto-assets, including stablecoins. The full text of Acting Regulator Michael Hsu’s speech is available here. Acting Comptroller of the Currency Michael J.

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Regulation cryptocurrency Survey blockchain 294

Gonzobanker

NOVEMBER 22, 2022

Now is the time for bankers to engage lawmakers in how the crypto and digital asset market shapes up. ” Pain changes things permanently, and it will do so in the crypto market. ” Pain changes things permanently, and it will do so in the crypto market. This is an opportunity for banks to fill the crypto void.

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PYMNTS

JANUARY 16, 2020

Across the pond, and on the Continent, the regulatory landscape is shifting for cryptos. s Financial Conduct Authority (FCA) took the reins on oversight of cryptocurrency asset oversight — specifically, oversight of anti-money laundering (AML) and counter terrorist financing (CTF) activities. Earlier this month, the U.K.’s

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Perficient

JUNE 10, 2022

One of the greater concerns, in both the crypto community as well as financial regulators and government, is the value stability of the crypto asset. No one wants a failure of one cryptocoin to cause an electronic bank run that in turn causes the value of other crypto coins to plunge. Interoperability. Stablecoin.

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PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. Cryptos also help bad actors avoid sanctions. The report also provided a summary of actions and investigations into various cases involving crypto.

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PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. user ban.”. Banking 2.0. BitMEX Indictments.

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PYMNTS

OCTOBER 21, 2020

And starting in 2021, they will be able to spend their crypto caches with any of the 26 million merchants currently accepting PayPal. PayPal isn’t the first big name in tech to jump on the crypto bandwagon. The Robinhood trading app has allowed crypto since 2018, and Square users have been able to trade in crypto for over a year.

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The Paypers

FEBRUARY 15, 2024

US-based crypto solutions company Ripple has agreed to acquire Standard Custody & Trust Company , an enterprise-grade regulated platform for digital-assets.

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Company Regulation US 68

PYMNTS

NOVEMBER 30, 2020

Daniel Gouldman , CEO of crypto-banking platform operator Ternio , told Karen Webster that PayPal’s endorsement is a major step in crypto’s quest to go mainstream. Bitcoin is like a [crypto] 101 version. or European central bankers and regulators. “I For Now, Crypto Is Still Super Volatile. Privacy And Security.

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PYMNTS

JULY 15, 2020

said Revolut is its first customer for its new product, the Paxos Crypto Brokerage. The digital asset revolution has started and more and more companies like Revolut see it coming,” said Charles Cascarilla, CEO and co-founder of Paxos, in the press release. “The Paxos will hold crypto assets for Revolut’s users in the U.S.,

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PYMNTS

FEBRUARY 10, 2020

The startup is reapplying in March in hopes that it can start offering bank accounts to crypto companies in 2021. regulators, including the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). regulators, including the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

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Fintech cryptocurrency Bitcoin Regulation 205

The Paypers

JANUARY 24, 2019

(The Paypers) The UK’s Financial Conduct Authority (FCA) has launched guidance on how crypto assets should be regulated in the country.

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Regulation 28

The Paypers

DECEMBER 17, 2018

(The Paypers) Bahrain’s central bank has announced it issued draft regulations for the licensing and supervision of crypto asset services.

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Regulation 31

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. That includes the crypto billboards that have recently been spotted along the London subway system, the report says. Treasury said Tuesday (Jan.

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PYMNTS

JANUARY 26, 2021

“The main objective of this project launched together with WizKey is to support banks in managing credits, especially non-performing ones, in a standardized and secure manner in line with the indications of European regulators,” said Daniele Savarè, director of Innovation & Business Solutions at SIA, in the release.

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PYMNTS

JUNE 26, 2019

Federal Reserve plans to hold Facebook ’s cryptocurrency, Libra , to high standards when it comes to consumer protection and regulation. The Fed won’t be the only regulator taking a close look at Libra. The international Financial Stability Board (FSB) and the U.K.’s

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CA social media cryptocurrency Regulation 128

Bobsguide

APRIL 7, 2022

London (5 April 2022): TS Imagine , the leader in trading, portfolio and risk management solutions for capital markets, today announces that it has successfully integrated with crypto platform Gemini. The post TS Imagine Extends Crypto Exchange Connectivity with Gemini appeared first on Bobsguide. About TS Imagine. About Gemini.

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CFPB Monitor

OCTOBER 18, 2022

Hsu expressed concerns about risks to consumers and the financial system posed by crypto industry participants. Hsu pointed to “crypto savings accounts” offered by crypto companies on their platforms. In some cases, consumers are assured that they can reclaim their assets at any time, even if the crypto company fails.

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Regulation FDIC DC System 78

CFPB Monitor

MAY 31, 2022

Describing himself as a “crypto skeptic,” Acting Comptroller Hsu acknowledged the potential value of innovation presented by crypto, but repeatedly bemoaned a “hyped-based” crypto economy, and stressed that “hype is not harmless.”. Sanctions and protect their assets around the globe.” . Responsible Innovation “.

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PYMNTS

DECEMBER 24, 2020

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. You might even consider it shorthand for the crypto space itself. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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PYMNTS

MARCH 9, 2020

We’ve encountered such cases before, but there was no legal regulation of the mechanism for seizing cryptocurrency,” he said, according to Cointelegraph. “I Paul Gosar of Arizona has put forward a bill that aims to associate a broad array of digital assets to the suitable regulator, Cointelegraph reported. In other news, U.S.

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PYMNTS

NOVEMBER 3, 2020

According to ZenGo, the crypto space has entered into a new phase in which crypto is used more for keeping wealth or trading assets for the sake of it. People want to be able to spend crypto,” it said. The card will roll out in the United States and expand to further places at a later time.

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blockchain Bitcoin Cards United States 167

The Paypers

FEBRUARY 13, 2024

Germany-based identity proofing platform IDnow has entered a consortium that focuses on making crypto assets compliant with new EU regulations.

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Compliance Regulation 50

PYMNTS

MARCH 14, 2019

Canada wants to redo securities regulations to include cryptocurrency trading operations like Quadriga, which lost the ability to access $195 million of investor holdings after the death of Gerald Cotten, its founder. It said 2018 saw the theft of crypto assets totaling $1 billion from platforms across the globe.

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PYMNTS

SEPTEMBER 27, 2020

Russian telecom regulator Roskomnadzor looks to be targeting Binance , the world's largest cryptocurrency exchange, as a platform "disseminating prohibited information," according to Cointelegraph. The regulator said Binance had been put on a list due to distributing data related to the acquisition of digital coins like Bitcoin.

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Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . From crypto to cannabis. Top helpful resources for AML/CFT staff.

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The Paypers

MARCH 21, 2023

The Australian Prudential Regulation Authority has reportedly asked banks to report on transactions involving crypto assets and to provide updates.

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