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Bitcoin Daily: BitOoda Notches $7M Seed Round; Cypriot Regulator Cautions Against Four Brands

PYMNTS

On another note, The Cyprus Securities and Exchange Commission cautioned against four FX brands that were blacklisted after they reportedly facilitated digital currency and FX trading without having the permission to do so in the nation, Finance Magnates reported.

Bitcoin 131
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OCC seeking comments in connection with review of regulations on national bank and federal savings association electronic activities

CFPB Monitor

The OCC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comments in connection with a comprehensive review of its regulations on electronic activities of national banks ( 12 CFR part 7, subpart E ) and federal savings associations ( 12 CFR part 155 ). Comments on the ANPR must be received by August 3, 2020.

National 103
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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

He pointed to brands and merchants like Dunkin and Dollar General, marked by underserved populations that could benefit by better economics than has been seen with prepaid cards or payday lending. But a national charter would allow for a uniformity of presence and market scope. Looking Toward The Blockchain .

National 215
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Bump On The Road To National FinTech Charters?

PYMNTS

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers.

National 165
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A brand new Clearing Bank for Britain

Chris Skinner

As Nick pointed out, historically clearing payments through BACS, CHAPS and the other national networks were controlled by a range of banks but, through consolidation, mergers and acquisitions, we have ended up in a position where only the Big 4 banks offer clearing services.

Branding 206
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Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

But that national network of body-sculpting palaces is in disarray today, with major chains including Gold’s Gym and 24-Hour Fitness filing for Chapter 11 relief due to the coronavirus pandemic, along with a slew of other operators from privately owned yoga studios to fitness centers. billion visits for the year.”.

Exercises 206
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Japan Joins Chorus Of Regulators Worried About Libra

PYMNTS

The Bank of Japan ( BOJ ), Japan’s central bank, has joined in with other regulators and officials around the world in its worry over Facebook’s proposed cryptocurrency Libra , according to reports. . The bank is worried that the currency will be difficult to regulate and that it could potentially harm the existing financial system. “It