PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.

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PYMNTS

AUGUST 9, 2020

South Korean highways could see blockchain-based toll booths before the end of the year, according to a report from Crypto News. KEB Hana Bank , one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services. They still have to inform NYDFS before using the coin, though.

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blockchain Bitcoin New York cryptocurrency 224

PYMNTS

MAY 22, 2019

With fraud ramping up, regulators around the globe are starting to take a closer look at everything from typical threats to the use of new technologies, like blockchain. Regulators in regions such as Europe are changing the ways they look at cross-border transactions. Around the Smarter Payments World.

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Fraud Payments Regulation Security 180

PYMNTS

MARCH 11, 2020

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Taking A Local Approach To Fighting Money Laundering, Fraud Worldwide.

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Fraud Payments Guidelines Regulation 150

PYMNTS

JANUARY 6, 2019

The China Banking Association (CBA) has announced the launch of a blockchain-based platform for trade finance. I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”. In addition, Latvia’s financial regulator imposed a 1.2 and European markets. “Up

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blockchain Bitcoin Compliance Regulation 160

PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. government isn’t the only jurisdiction going hot and cold on blockchain.

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PYMNTS

JUNE 5, 2018

According to reports in CoinDesk , care of a Chinese government official, China’s central bank has completed its work on a blockchain-based system for digitizing checks issued domestically by businesses. If it gets used as security as part of a loan, that is also visible in its history recorded by the blockchain. ” .

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blockchain Fraud System Regulation 111

PYMNTS

NOVEMBER 14, 2017

The European Securities and Markets Authority (ESMA) warned investors about the risks of initial coin offerings (ICOs) in a statement on Monday (Nov. ICOs are also vulnerable to the risk of fraud or money laundering,” ESMA said in the statement. 13) and also issued rules for firms that become involved in them.

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PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). The initiative eventually hopes to join banks and government agencies that collaborate on contract registration and regulation.

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PYMNTS

MAY 8, 2018

DMG Blockchain Solutions announced a new tool for crypto exchanges and enterprise payment platforms that facilitate cryptocurrency transactions aimed at enabling anti-money laundering (AML) and anti-fraud capabilities for users.

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blockchain cryptocurrency Compliance Fraud 100

PYMNTS

OCTOBER 18, 2019

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. The company said it has been working with the SEC regarding both the TON blockchain and Grams for the past 18 months, but the regulator has not provided any feedback.

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blockchain Samsung Bitcoin Innovation 101

PYMNTS

MARCH 10, 2017

This is great news for retailers, as it allows them to reach new audiences in new markets all over the world. Naturally, with ease of market entry into various parts of the world economy also comes security concerns. PYMNTS: Are there any regulations in place currently that are making instant cross-border payments more difficult?

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PYMNTS

JANUARY 10, 2018

Enterprise blockchain company Money By Design is planning an initial coin offering (ICO) and hopes to secure more than $350 million through the deal. Money By Design has launched a project called the Smart Tokenization Blockchain, which uses blockchain to produce and manage tokens. 9) that it will be managing the ICO.

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PYMNTS

NOVEMBER 4, 2020

billion via an ICO for the native currency of its Telegram Open Network blockchain infrastructure, the report stated. The small crypto firm had sought renumeration at a $900 per hour rate, yet the judge decreased the charges to reportedly arrive at market pricing for that kind of work.

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blockchain Bitcoin Fraud US 142

PYMNTS

APRIL 14, 2017

Primarily, blockchain technology is being used in the finance world among various monetary entities to securely transfer bitcoins or make monetary transactions. The blockchain itself is an online ledger that allows two parties to exchange an agreed-upon valued means without the use of a third party like a bank.

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PYMNTS

JANUARY 5, 2017

As more banks, industries, companies and even retail brands take on and use blockchain technology in their business, there are the enhanced and innate elements of efficiency and security. “A But blockchain has also become a tracking mechanism, more so a cost-cutting measure for a variety of reasons. billion for a typical lender.

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PYMNTS

OCTOBER 27, 2020

Blockchain industry stocks are on the rise as bitcoin reaches new heights, Seeking Alpha reported. HIVE Blockchain Technologies, Riot Blockchain and Marathon Patent Group are on the uptick, according to the report, which was published early Tuesday (Oct. The Monetary Authority of Singapore will reportedly regulate the platform.

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Bitcoin Industry blockchain cryptocurrency 267

Insights on Business

SEPTEMBER 22, 2016

The application of blockchain in financial markets has caught a huge wave of publicity over the past few months. The questions I get most often are along these lines: is blockchain an irresistible disruptive technology? The potential benefits of blockchain are myriad. Why the interest?

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PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. billion in fraud and theft seen last year. billion number is a huge jump from the $1.7

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PYMNTS

JANUARY 30, 2019

The global economy offers a wide range of opportunities for businesses to expand their reach, and promote their brands to new markets. The challenges faced by merchants, banks, FinTech firms, retailers and other players looking to expand globally are also creating a market for potential solutions to their KYC and AML needs. In the U.K.,

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PYMNTS

APRIL 13, 2020

In this context, the Dutch Authority of Financial Markets has turned to embracing FinTech players in the market to support SMBs, with the regulator’s latest approval going to Finturi. “I don’t know, but I have the impression we were one of the first companies using blockchain they approved,” he said.

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PYMNTS

FEBRUARY 15, 2019

He went on to call it “a fraud,” and noted he would fire any trader caught messing with it for being “stupid.” He said he regretted calling bitcoin a fraud, and that the blockchain was a genuinely interesting technology with potential. Dimon, within a few weeks, had moderated his comments — some. Yesterday (Feb.

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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.

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Insights on Business

OCTOBER 3, 2018

Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. These technologies bring capabilities that speed risk modeling, automate fraud detection, ensure regulatory compliance, enable distributed trust, and protect sensitive financial information.

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PYMNTS

OCTOBER 26, 2016

The “Fabric Of Our Lives” found itself softly in the hands of blockchain this week. Eighty-eight bales of cotton became part of, arguably, one of the biggest breakthroughs in blockchain this month, all through the first global trade shipment and transaction between independent banks depending on blockchain as a ledger.

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Illinois blockchain Technology Innovation 100

PYMNTS

JUNE 23, 2019

Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market. Overstock has spent $150 million on its blockchain business, tZero; the company owns 82 percent of the exchange. Overstock has spent $150 million on its blockchain business, tZero; the company owns 82 percent of the exchange.

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PYMNTS

FEBRUARY 27, 2020

A class-action lawsuit that threatened the world’s third-largest virtual currency, XRP, will continue, as it was not thrown out at the request of blockchain payment services provider Ripple , according to Bloomberg on Wednesday (Feb. Ripple Labs Inc though U.S. XRP fell 8.2

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PYMNTS

JUNE 5, 2017

Last week we saw hackers prove there’s no such thing as vacation when there’s consumer data to steal, Wells Fargo continued its great rebuilding with a round of executive reorganization and Canadians said “no thank you” to the blockchain — but very politely, as is their custom. Chipotle will be liable for any fraud that results.

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PYMNTS

JULY 11, 2016

There are a few schools of thought when it comes to the projected role and impact of blockchain technology on the global financial services space. On one side, some believe blockchain will disrupt the traditional banking system to the point of fracture, enabling the movement of money without the involvement of a financial institution.

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Celent Banking

AUGUST 9, 2016

Distributed ledger technology, often referred to as blockchain, threatens to disrupt the sector with its potential to improve visibility, lessen friction, automate reconciliation, and shorten cycle times. DLT could finally provide the momentum needed to fully digitize trade documents and move toward an end-to-end digital process.

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PYMNTS

MARCH 20, 2020

But Michael Ellis, head of commercial at Equiniti Group’s EQ Riskfactor , said the market is also quickly discovering that lenders themselves can benefit from unlocking data to improve SMB financing operations, and the U.K.’s “Regulation around open banking has certainly been of great benefit to businesses in the U.K.,

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PYMNTS

AUGUST 28, 2019

Kadena has announced the launch of an upgraded version of its blockchain solution to the Microsoft Azure Marketplace. The “Kadena Scalable Permissioned Blockchain” is now available on Azure Marketplace for free. In other news, Gemini announced that it has joined the Silvergate Exchange Network (SEN).

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PYMNTS

SEPTEMBER 15, 2020

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. Blockchain will be encouraged by the federal government, which is not enthusiastic about digital currency trading, according to two unnamed sources in the report.

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PYMNTS

MAY 18, 2018

Fortune noted that the newly-minted role will be responsible for bringing cryptocurrency projects to market. According to the publication, Harris will work “under the umbrella” of the company’s blockchain initiative, which is, in turn, being directed by Umar Farooq. The tokenization of the economy, for me, is real.

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cryptocurrency Bitcoin blockchain Regulation 137

PYMNTS

MARCH 30, 2018

The funding will be used for developing the startup’s coin and blockchain. Customers, in all, said they lost more than $11 million in 2017 due to tech support fraud. And a new cryptocurrency called Chia has raised more than $3 million – without an initial coin offering (ICO), NewsBTC reported. And the person behind the startup?

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PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Others disagree that JPMorgan’s announcement will have any impact on the use of cryptocurrency in B2B payments — or on the cryptocurrency market at all. ” Confusion, Doubt Remain.

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PYMNTS

JANUARY 9, 2018

In an interview with TheStreet.com, PayPal chief executive officer Dan Schulman said that while PayPal is focused on innovating in the payment market, it’s not focused specifically on the digital currency. “I PayPal has a lot of room to innovate with blockchain technology. “I

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