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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

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The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

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Financial technology needs rules of engagement

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Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread.

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CFPB, CFTC Develop FinTech Regulatory Sandbox

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“We recognize that so often the case is with new technology, there is a needle you have to thread,” he added later. “If If you don’t give any regulation at all, it has the chance to go off the rails and completely burn itself out, which is where I was fearing bitcoin was going to a couple months ago if they haven’t already.

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NEW REPORT: How Banks Are Driving API-First Strategies

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New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Other recent API developments aim to offer professionals an efficient way to process payments and remain compliant with local regulations.

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US Government Sees The Benefits Of Blockchain

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House of Representatives, asking the government to establish a national policy for technology. The resolution implies that bitcoin and blockchain technology are ways to help the unbanked and empower the consumer. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

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US Dept. Of Commerce Pegs China As 2017 FinTech Leader

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Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. Regulation is also giving a tailwind, said the report, and demographics skew toward younger and higher-income customers, relatively speaking.

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The Future Of Payments Beyond The Pandemic

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In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Cross-Border Friction — And Bitcoins And Blockchain.

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