PYMNTS

MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A

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PYMNTS

SEPTEMBER 21, 2018

Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. Experts said blockchain innovators struggling to access the traditional financial services sector have been pushed out because of it.

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PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Hamstringing American Innovation. s ability as a country to effectively innovate.

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PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.

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PYMNTS

MARCH 22, 2019

A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives. You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.

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PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect. 1 have just taken effect.

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PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

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PYMNTS

JANUARY 13, 2017

But thanks to faster cross-border payments solutions, the distance between nations across the world is shrinking considerably. Payment solutions powered by blockchain technology are showing promise in getting payment delivered across borders at a much faster rate. and why they believe the technology should be regulated.

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PYMNTS

NOVEMBER 22, 2017

The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. Nearly two-thirds of that funding will go toward blockchain startups, reports added.

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PYMNTS

JUNE 27, 2019

The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). But before partaking in blockchain bacchanal …. The Blockchain Bonanza.

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PYMNTS

FEBRUARY 26, 2019

In other news, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has partnered with the Swinburne University of Technology in Melbourne for a blockchain trial to see how the technology could automate the reporting of cross-border transactions. A new world of tokenized assets and blockchain is coming.

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PYMNTS

JANUARY 31, 2018

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Bitcoin and blockchain creator Satoshi Nakamoto developed these tools nearly a decade ago, he said.

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PYMNTS

OCTOBER 18, 2018

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. However, Swiss officials recently took steps to get ahead of the regulatory uncertainty surrounding the world of blockchain, focusing on a particularly large hurdle for companies in the industry.

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PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.

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PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

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PYMNTS

FEBRUARY 8, 2018

percent of domestic and cross-border payments in December 2017, SWIFT found, with the company’s Head of Payments Markets, Asia-Pacific, Michael Moon noting, “Experts suggest that capital controls and uncertainties over future regulations mean that a significant reversal of the decline in RMB usage for trade and payments is unlikely in 2018.”.

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PYMNTS

AUGUST 5, 2019

Thailand ’s anti-money laundering regulator has revealed plans to add cryptocurrency to the country’s laws. In other news, Mastercard appears to be building its blockchain team with a slew of new hires. In other news, Mastercard appears to be building its blockchain team with a slew of new hires. Police Maj.

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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.

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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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PYMNTS

AUGUST 4, 2019

And Busan has issued a “regulation-free” zone for blockchain development by South Korea’s national government. On July 24, the Ministry of SMEs and Startups announced that Busan will host a range of blockchain offerings related to finance, public safety and tourism.

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PYMNTS

MARCH 14, 2019

And there, Kohli said, innovation is helping corporates adapt to and manage these global risks. The rise of third-party payment providers, and the opportunity for traditional institutions to collaborate with them, has also opened doors for cross-border payments innovation. Treasurers’ Biggest Worries.

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PYMNTS

DECEMBER 6, 2017

The evolution of blockchain-based services. And, much to the relief of corporates, the continuing focus on B2B payments innovation. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We Collaboration between FinTechs and banks.

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PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.

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PYMNTS

JULY 2, 2018

Citing anti-money laundering rules and other regulations, traditional banks in Switzerland have often refused to operate accounts for crypto companies. The news comes after Schweizerische Nationalbank Board Director Thomas Moser said that he doesn’t think it’s the right time to talk about issuing a national cryptocurrency for the country.

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PYMNTS

SEPTEMBER 29, 2017

According to news from Reuters , the Swiss investigation is the second crackdown in less than two weeks by FINMA and could lead to greater regulatory oversight of some of the most prominent blockchain projects in “Crypto Valley,” located in Zug, Switzerland. Several regulatory bodies, including those in the U.S.,

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PYMNTS

APRIL 15, 2020

China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. Strict financial regulations aren’t the only factor driving PSPs and other financial service providers to turn to M&A to enter into new markets. “We can clear it locally.”

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Lex Sokolin

NOVEMBER 12, 2020

High tech firms continue to build into software their addictive digital nation states. The vectors of change for software and money remain deeply anchored to the fractal of blockchain. banks, card issuers, e-commerce sites, point of sale terminals, regulators, and so on. The election’s end?—?and Still, it is an instrument.

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PYMNTS

MAY 21, 2020

Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation.

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Insights on Business

JANUARY 9, 2019

Highlights of the regulator’s guidance. In the statement, regulators have provided leeway to create innovative new approaches. In the statement, regulators have provided leeway to create innovative new approaches. A new approach to AML. Your AI journey starts with IBM.

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PYMNTS

MAY 13, 2016

Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. Because he believes there should be proper protection and regulation over them. How Bill Clinton’s administration dealt with the Internet in order to ensure it was not over-regulated. Fair point.

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PYMNTS

DECEMBER 14, 2018

Throughout the year, that prediction has manifested into reality, as more traditional financial institutions (FIs) turn toward FinTech innovators to address the biggest pain points of the legacy correspondent banking system. The challenges for service providers are lengthy, yet worth the trouble.

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PYMNTS

SEPTEMBER 17, 2020

But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. In at least some nod to the technicalities, back in January, the central bank envisioned that the digital currency might be issued via blockchain platform.

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PYMNTS

MARCH 6, 2018

According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An In addition, the EU would work toward creating common standards for the blockchain technology that supports cryptocurrencies. “An

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PYMNTS

APRIL 29, 2016

Western Union just put its toe in the bitcoin/blockchain waters. It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. EU Backs Off Regulating Blockchain.

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PYMNTS

DECEMBER 29, 2016

Deloitte has been an early embracer of blockchain technology, and 2016 was a busy year for the consulting firm in the space. Earlier this month, Deloitte revealed an investment in blockchain startup SETL, a U.K. In years ahead, blockchain is likely to make its mark in sectors like media, telecoms and manufacturing. “But

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PYMNTS

SEPTEMBER 11, 2018

The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed onto efforts “that provide a framework for cooperation and referrals between the innovation teams of each authority.” There are 180 partnerships in place already, said Xero, with a roster that includes Barclays and National Australia Bank.

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PYMNTS

JULY 4, 2018

According to a prior report from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. In addition, the EU would work toward creating common standards for the blockchain technology that supports cryptocurrencies.

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