PYMNTS

DECEMBER 9, 2016

The second week of December saw bitcoin sit pretty solidly in the 750s and 760s after last week’s high point of $777 — on trend for relatively stable (by cryptocurrency standards) growth upward since dipping down into the 550s this past summer. At the time of writing, bitcoin was valued at $769.89. and Mexico.

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PYMNTS

FEBRUARY 14, 2020

12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). Meanwhile, a Peter Thiel-backed venture fund , Valar Ventures, lent a hand in a $30 million second round of financing for crypto trading and lending platform BlockFi.

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PYMNTS

JULY 24, 2019

This new division and these appointments position DFS as the regulator of the future, allowing the Department to better protect consumers, develop best practices, and analyze market data to strengthen New York’s standing as the center of financial innovation.”. Lacewell said in a press release. The company then pulled the database offline.

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PYMNTS

SEPTEMBER 9, 2016

Who knew that Tyler and Cameron Winklevoss, known for their early involvement in Facebook, were in love with bitcoin? You might, when you find out that they were the first to file for a bitcoin Exchange-Traded Fund (ETF) with the Securities and Exchange Commission (SEC). And do you care?

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PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. It has also been unfriendly toward other forms of digital finance, including the peer-to-peer lending industry.

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PYMNTS

DECEMBER 10, 2019

Bitcoin and cryptos offer a prime example, where commerce transactions have yet to be among the use cases for digital coins. In an interview with Karen Webster, Mike Cagney, CEO and co-founder of Figure Technologies , said that the lending arena has seen markedly improved processes for borrowers and creditors. trillion, $6.3

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PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. If Starbucks goes under, the individual has lost the $20 they have put on the card.

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PYMNTS

FEBRUARY 15, 2018

He said that in his own state of Washington, state regulators have been looking at those issues for some time to determine the possibility of some sort of reciprocity or sharing of information. “It The pilot being run with those initial seven states will provide some answers for how state regulators can streamline the process.

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PYMNTS

SEPTEMBER 30, 2016

Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Vogel also wanted to clarify regulations surrounding bitcoin.

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PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software. Cryptocurrency has not been without controversy.

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Payments Source

AUGUST 12, 2018

Cryptocurrency generates an absurd amount of skepticism and fear, but taking a clear-eyed view reveals a path to stability and sustainability, including the inevitable adoption of crypto in P2P lending, writes Stani Kulecov, founder and CEO of Ethlend.

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PYMNTS

AUGUST 2, 2018

Mistertango found that 88 percent of crypto exchanges do, in fact, want regulation in the industry, Cryptovest reported. At the same time, however, 17 percent of the exchanges surveyed think that the biggest threat to the crypto industry is regulation that is too strict.

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PYMNTS

MAY 19, 2017

Banking on Baking (the other kind of baking): Banks are lending to bakers. That would, ostensibly, open up the lending spigots a bit. Bitcoin: Bitcoin, by the by, waves bye-bye bit by bit, it seems. Not the pastry kind —you know, the baking that takes place with bongs and some jam bands in the mix.

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PYMNTS

SEPTEMBER 7, 2020

Bigatton, who is based in New South Wales, performed in his job for BitConnect between August 2017 and January 2018, when he also served as the representative for the investment scheme BitConnect Lending Platform. Personal information is private as well.

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PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. We don’t need more regulation. Senator Elizabeth Warren (D – Mass.) What we need is competition.

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PYMNTS

APRIL 13, 2018

Intense industry hype and alarming cryptocurrency volatility have led regulators the world over to perk up their ears to the growing number of cryptocurrency exchanges. Regulators in Japan halted trading at two crypto exchanges, Bit Station and FSHO. Our strategy is to be open and transparent with regulators,” he explained. “We

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PYMNTS

JUNE 10, 2016

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. And while that is bad news for a startup like Uber, as it turns out, instinctive fear of the regulator is not an endemic condition among startups.

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Bank Innovation

FEBRUARY 4, 2019

On Tuesday and Wednesday, about 3,000 entrepreneurs, investors, bankers, and regulators descended on the neo-classical Palais Brongniart, once home to the stock exchange. Last year, with Bitcoin […]. That was a big takeaway this week from the Paris Fintech Forum, one of the biggest annual gatherings of its kind in Europe.

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PYMNTS

AUGUST 5, 2016

This week’s report of the Bitfinex hack may turn it into Bitfinal since it is now known as the exchange that’s suffered the largest loss of bitcoins since Mt. The culprit is said to be the use of the BitGo wallet and the structure of the bitcoin accounts itself. Bitcoin’s Big Summer Fizzle. Fizzle times a couple billion.

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Abrigo

JULY 22, 2022

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. Today’s cryptocurrency platforms also offer crypto-backed loans, allowing users to leverage their portfolios as loan collateral in a system similar to securities-based lending.

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PYMNTS

JULY 24, 2019

In other news, Germany’s financial regulator has granted blockchain startup Fundament permission to issue the first tokenized real estate-backed bond for individual investors. Ortiz also told Bloomberg that the bank recently piloted a blockchain-based remittance between Singapore and the Philippines with Oversea-Chinese Banking Corp.

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PYMNTS

JANUARY 15, 2018

What story of reversals would be complete without a bitcoin section? The reversals this week in the bitcoin world were more in the arena of opinion. The most dramatic reversal of the week was South Korea’s bitcoin ban that almost was. JPMorgan Chase Head Jamie Dimon officially stated that he regretted calling bitcoin a fraud.

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PYMNTS

JUNE 4, 2018

In news separate from the sandbox announcement, yet germane to the financial industry in general, loan terms are sweetening, with some regulators starting to worry about looser lending standards, leading to annual lending growth of 3 percent.

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PYMNTS

AUGUST 28, 2017

The financial services industry is girding for the new regulations by the New York State Department of Financial Services (DFS), which take effect as of Aug. Yes, the rules apply to a single state, but as some sources, including New York Law Journal , report, the regulations could have a global impact. Bitcoin Scrutiny Down Under .

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PYMNTS

OCTOBER 19, 2017

Plenty of industries and companies are eyeing blockchain – the technology that enables cryptocurrencies, such as bitcoin – but when it comes to corporate investors, SBI, Google, Overstock.com, Citi and Goldman Sachs are standing out from the pack.

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PYMNTS

JUNE 17, 2016

A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest. The really interesting, though less juicy, story is what got Lending Club into trouble. Again, it hasn’t worked out.

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PYMNTS

DECEMBER 23, 2020

21) following months of debate will assist financial institutions by relaxing an important small-business lending initiative’s regulations, providing deferred loan payment accounting relief and bolstering the financial position of borrowers, Reuters reported. The almost $900 billion U.S.

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Tomorrow's Transactions

OCTOBER 8, 2014

I’m thinking about currency and competition because, and I imagine I’ll get trolled for saying this, but I had good fun arguing with some of the Bitcoin folk at Innotribe this year. Innotribe’s bitcoin series included talks on regulation, disruption and the future of investment in the space. I don’t believe this for a moment.

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PYMNTS

MAY 1, 2018

Bitcoin, marketplace lending — pick your poison — they came to disrupt, but the jury is still out on whether they can ever achieve that goal. Easy — but as Karen Webster pointed out in her commentary this week , not entirely wise, because lots of things seem too good to be true for the very reason that they are too good to be true.

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PYMNTS

NOVEMBER 12, 2019

The blueprint for the proposed digital currency seems to offer Beijing extraordinary supervision over the flow of money, giving regulators economic control that most central banks do not have. “We

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PYMNTS

SEPTEMBER 13, 2017

But, because these solutions — like Bitcoin — are largely untested, many traditional banks are wary of investing in companies that operate in the space. Other recent API developments aim to offer professionals an efficient way to process payments and remain compliant with local regulations. APIs invite innovative changes to banking.

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PYMNTS

FEBRUARY 26, 2018

In fact, noted the publication, no major new financial regulations – the kind that would impose restrictions – have come to vote or even, really, been on the table since Trump took office last January. No discussion on regulation would be complete without a bit of news from the bitcoin realm. SEC Eyes Crypto Exchange Activities.

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PYMNTS

MAY 5, 2017

Although there were early inklings of the technology dating back to 1991, it wasn’t until 2008 when Satoshi Nakamoto implemented it as the base component of bitcoin currency that it really took off. JC: The early stereotypes of bitcoin (and subsequently, blockchain), were that it was the preferred currency of criminals.

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PYMNTS

APRIL 30, 2018

Bitcoin, conversely, should be exempt from those laws. Separately, in China , officials have been measuring ways to crack down on what might be perceived as risky lending practices, through efforts by the financial regulator known as the China Banking and Insurance Regulatory Commission. Looking Toward International Events….

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Payments Source

SEPTEMBER 20, 2017

China’s crackdown on cryptocurrency exchanges raises questions about the future of digital asset innovation, a movement that some bankers view as a threat and others embrace as a boon to payments, P-to-P lending and other activities.

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PYMNTS

JUNE 28, 2019

But lightning-quick, the regulators came out in full force, also globally. POS installment: Visa is bringing installment lending to digital and physical points of sale through APIs , helping a $1.2 cardholders say installment lending helps them budget more effectively. No easy week, no victory laps. No easy road ahead.

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PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. The regulations would follow a revision to the Payment Services Act seen last year that brought a registration system in Japan.

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