PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

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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

JANUARY 31, 2018

As regulators in the U.S. and South Korea clamp down on cryptocurrencies, and investors question the stability of digital coins, bitcoin may see its worst monthly decline in value since January 2015. 31), bitcoin was trading at $9,975.42, according to Coindesk. Bitcoin hit a low of $9,627.89 As of 2:02 P.M.

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PYMNTS

SEPTEMBER 15, 2017

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse.

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PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

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Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Crypto Conference.

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PYMNTS

DECEMBER 20, 2017

Amid rising interest and investment in digital currencies like bitcoin, some countries are issuing new warnings about the volatility involved in cryptocurrency trade. In today’s bitcoin roundup, regulatory bodies in the U.S. In today’s bitcoin roundup, regulatory bodies in the U.S. According to Tuesday (Dec.

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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

MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., Promoting bitcoin. Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. So, why digital currencies? Oh, please.

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PYMNTS

JANUARY 20, 2017

However, recently the People’s Bank of China pointed to irregularities in the operations of bitcoin exchanges BTCC, Huobi and OKCoin as the cause of the recent rollercoaster ride in bitcoin’s price, said Reuters. The developments are still ongoing, so PYMNTS’ Bitcoin Tracker will keep watch for new details in the coming weeks.

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PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

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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. This in the wake of the OCC’s Sept. This in the wake of the OCC’s Sept. The Pandemic Pop.

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PYMNTS

JULY 24, 2018

Turns out the debate over whether it is or isn’t a security is having a knock-on effect: It’s making the XRP token’s price less than … well, secure. Rumors that the token can and will be classified as a security here in the States. Rumors that the token can and will be classified as a security here in the States.

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PYMNTS

JANUARY 31, 2020

And finally, there’s bitcoin, which has seen its use, transacting, trading and popularity fall off of late — except for among one group: criminals. And, speaking of things that may not be the future of financial services… Bitcoin, The Currency Of Digital Crime . But that future won’t be built by bitcoin.

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PYMNTS

AUGUST 2, 2019

In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

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PYMNTS

SEPTEMBER 5, 2018

Goldman’s reported backing off of the trading desk idea comes after the company had been mulling clearing bitcoin futures for at least some clients, the newswire stated. That indecisiveness seems presaged by CEO Lloyd Blankfein, who tweeted in October of last year that he and/or the firm were “still thinking about bitcoin.

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PYMNTS

AUGUST 9, 2019

As the price of bitcoin surged this week, cryptocurrency (namely, Facebook’s Libra) has been under increased scrutiny by regulators. The folks who bought their bitcoin at around $4,000 are feeling pretty smart. Even if exchanges are done electronically, they are monitored and regulated by central banks.

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PYMNTS

AUGUST 28, 2019

We are excited to bring our secure and scalable technology to Azure customers as we continue working with Microsoft Azure Marketplace to develop cloud-enabled blockchain solutions.”. The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

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PYMNTS

NOVEMBER 11, 2019

The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has approved a new license, and that the company is setting up a team to support the platform. Tencent has announced that it will launch a blockchain-based virtual bank.

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PYMNTS

MARCH 5, 2018

Securities and Exchange Commission issued scores of subpoenas and Requests for Information (RFIs) focused on initial coin offerings (ICOs). game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners. has been somewhat, at least arguably, late to the ICO regulation game.

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PYMNTS

SEPTEMBER 14, 2018

British Airways will likely be the first company cased under GDPR, and a fine may loom if regulators find the company did not have adequate security measures in place. Cryptos : Cryptocurrencies take it on the chin yet again, as multi-month lows tested amid the long arm the law — or at least regulators.

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PYMNTS

JANUARY 31, 2018

It has also been a weight on the price of bitcoin, which has seen its prices struggle in early 2018 after explosive growth capping off 2017. There is no intention to ban or suppress the cryptocurrency (markets),” Kim said, adding the government’s immediate task is to regulate exchanges.

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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

AUGUST 5, 2016

Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. The culprit is said to be the use of the BitGo wallet and the structure of the bitcoin accounts itself.

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PYMNTS

NOVEMBER 12, 2018

The Nassau Guardian reported that the framework will address many of the regulatory challenges the bank associates with crypto, including tax evasion, market volatility, fraudulent initial coin offerings (ICOs), and anti-money laundering policies.

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PYMNTS

OCTOBER 18, 2019

dollar-backed digital currencies for the payment of government taxes, fees and services. Securities and Exchange Commission’s (SEC’s) request for a preliminary injunction, and requesting an order to maintain the offer, sale or distribution of Grams — its native crypto. In other news, Bermuda will now accept one-to-one U.S.

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PYMNTS

OCTOBER 14, 2016

Milan, Italy was the host of a formal bitcoin conference to address scaling and a protest conference that addressed, well, everything that the formal conference didn’t. Scaling of bitcoin is a thorny issue and one that caused some dissension at the Scaling Bitcoin conference that took place on October 8 and 9.

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PYMNTS

JANUARY 10, 2018

Just like the volatility of bitcoin, the world of blockchain is no stable place. The Long Island Iced Tea Company made headlines when it announced plans to change its name to Long Blockchain and overhaul its business model to mine bitcoin. The blockchain hype certainly hasn’t risen without catching the attention of regulators.

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PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. “Adoption is like water,” he said.

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PYMNTS

JANUARY 8, 2020

Call it, perhaps, a New Year’s Resolution list — for regulators. 8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. There are as of yet no bitcoin ETFs approved for trading. In documents released Tuesday (Jan.

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PYMNTS

JANUARY 4, 2019

That caution extends to all manner of considerations in the realm, including the issuance of a state-backed cryptocurrency, and even the regulation of the digital currencies. Securities and Exchange Commission, which is eyeing the digital currency landscape closely, and where regulations are likely to come through in 2019.

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PYMNTS

APRIL 2, 2018

On the global stage, bitcoin fell below $7,000 to just above $6,800, and Ripple slipped to its lowest price since the end of 2017. Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. Same alarms, different week. Domestically, the horizon may be darkening a bit for virtual currencies.

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PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. Financial regulators may want to begin looking at not only regulating blockchain, but how blockchain can help in their own regulatory efforts — in this case, to ensure proper safeguards and controls in the banking sector. On the federal level, the U.S.

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Fintech Labs Insights

JULY 9, 2015

While there are dozens of bitcoin trading platforms available to people looking to buy and sell bitcoin, itBit easily differentiates itself from the masses. This is what sets the New York-based company apart from its numerous competitors– it is the only regulated bitcoin trading platform open to all U.S.

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PYMNTS

AUGUST 22, 2018

Starbucks has said no one will be able to buy lattes with bitcoin, not yet. Securities and Exchange (SEC) last month stated that it would not (yet) allow the launch of cryptocurrency exchange-traded funds (ETF) – and a new decision on that matter looms tomorrow. No one seems to be all that sure whether or not cryptos are securities.

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MyBankTracker

JULY 31, 2020

The typical financial advice is to be “100% invested” — meaning every available dollar you have is invested in a security, fund, or other investment. Cash-equivalent accounts are generally interest-bearing securities that mature in 90 days or less. Money market funds and accounts. Treasury bills. Short-term bonds.

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PYMNTS

AUGUST 22, 2016

In his brand new book, “ The Curse of Cash ,” Rogoff also devotes a fair number of his pages to Central Banks’ inability to regulate monetary policy because, among other things, there’s too much cash being hoarded by people who are, by and large, engaging in bad behavior with it. Reality Check: Bitcoin Is For Criminals. Why bitcoin?

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