PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To

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PYMNTS

JANUARY 10, 2020

Deribit , a popular global cryptocurrency options exchange, is moving to Panama in February to sidestep the Netherlands’ upcoming regulation changes on the industry, according to Bloomberg. In other news, blockchain compliance startup Securrency has received $17.65 million in a Series A funding round, led by WisdomTree.

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CB Insights

OCTOBER 29, 2020

Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. Currently, complex processes are needed to ensure regulatory compliance and enable secure, trustworthy trades. Examples include Circle’s USDC, Ripple’s XRP, and Gemini’s GUSD.

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CFPB Monitor

APRIL 25, 2022

Anchorage is not any regular entity overseen by the OCC: it is a cryptocurrency custodian. As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance.

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PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

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CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.

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PYMNTS

SEPTEMBER 28, 2017

Overstock has been very methodical on getting the necessary regulators on board,” said Tom Forte, analyst at employee-owned broker-dealer DA Davidson, which has a buy rating on the stock. We can start moving these ICOs in and provide good, regulated trading,” Byrne said. based investors is a lack of regulation clearly governing them.

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PYMNTS

JULY 1, 2019

Despite the obvious regulatory hurdles that Facebook’s recently announced cryptocurrency is facing, the company is moving forward with its plan to provide the world with an accessible global currency, according to reports. Facebook has to organize with financial overseers, enforcement agencies and central banks all over the globe. .

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PYMNTS

JULY 22, 2020

Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer. In May, Brex closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said.

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CFPB Monitor

AUGUST 1, 2022

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

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PYMNTS

JUNE 27, 2018

If the deal is finalized, Uphold’s compliance footprint will be expanded, as well as its customer base and service offering. We are proud to be a compliant financial services company, working with regulators to ensure we provide the most trusted and transparent access to digital financial services worldwide.”.

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CFPB Monitor

NOVEMBER 29, 2021

The 2022 clarity promised by the “roadmap” presumably will supersede, once issued, Interpretive Letter #1179, which appears to function as a general stop-gap until the 2022 publications hopefully provide more detail regarding exactly how banks can attain compliance. Federal banking regulators have been busy in this space.

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PYMNTS

JANUARY 6, 2019

In other news, Vaishali Mehta, who worked as a senior compliance manager at Coinbase, has left the company to become the head of compliance for TrustToken , which produces the TrueUSD stablecoin. In addition, Latvia’s financial regulator imposed a 1.2 Up until now, the focus of regulators had been on the U.S.

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PYMNTS

JUNE 13, 2019

New rules by the Financial Action Task Force on Money Laundering (FATF), which will require cryptocurrency businesses to verify the identities of anyone sending or receiving more than $1,000 worth of digital assets, are set to go into effect on June 21.

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PYMNTS

MAY 28, 2018

Venture capital is for the firms and the individuals with the wherewithal to commit hundreds of millions of dollars. Conversely, there is always risk in those same investments, in terms of loss of capital. To that end, Andra Capital said late last month that it would launch a fund geared toward technology investments.

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PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

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Capital cryptocurrency Operations Financial Technology 122

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. As many as 85 percent of firms are boosting budgets over the previous year’s, tied to data privacy and compliance.

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PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. As a licensed exchange, BitBay has to follow the market standards.

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PYMNTS

JUNE 20, 2019

A growing segment of these banks want to capitalize on the digital segment more directly — but they can’t ignore that a significant portion of their customers prefer in-person transactions as opposed to mobile moderated set of use cases and interactions,” Cohen said.

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PYMNTS

MAY 10, 2019

Some of the biggest cryptocurrency firms are considering the creation of a blacklist of counterparties that often renege on trades or engage in illegal activities. A self-governance initiative like this is also something that regulators are keen to see.’’. Firms including DRW Holdings Inc.’s

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PYMNTS

FEBRUARY 14, 2018

Separately, Western Union said the company is examining blockchain technology , and at the same time is testing transactions with cryptocurrency firm Ripple. And he noted that zero fee offerings, such as Zelle and Venmo, have been making inroads in this arena. During the call, an analyst asked about blockchain.

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PYMNTS

MARCH 23, 2016

What once may not have been taken seriously — cryptocurrencies and futuristic payments — is today exploding as the innovation financial institutions are targeting for investments, largely hoping to get a jump on the blockchain before disruption takes a bite out of their traditional business.

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blockchain Fintech cryptocurrency Innovation 100

CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. THE FUTURE OF BLOCKCHAIN TECH.

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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. A property? A commodity?

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PYMNTS

DECEMBER 9, 2020

There are currently more than 5,500 different cryptocurrencies in circulation, but the biggest name in the business — and often a metonym for the industry itself — is bitcoin. billion bitcoins in circulation, with a market capitalization of $117.81 regulations.”. The year 2020 saw 18.42

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PYMNTS

FEBRUARY 28, 2018

Why should organizations say “yes” to purchase order matching and “no” to cryptocurrencies? That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more.

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PYMNTS

DECEMBER 6, 2017

A small business needs working capital, letters of credit, export insurance logistics, shipping insurance and credit protection. The CEO admitted that he was skeptical of the technology at first, especially considering the complexity and inevitable regulation surrounding cryptocurrencies.

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CFPB Monitor

JUNE 11, 2019

Involve a business model, delivery mechanism, or element that may require the applicant to be licensed or authorized to act as a financial institution or other entity regulated by the Utah Financial Institutions Act. The size of transactions involving money transmission are similarly regulated on a case-by-case basis.

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PYMNTS

JULY 24, 2020

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co., Last week, Revolut, which recently debuted in the U.S. the New York-based settlement platform.

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Lex Sokolin

JULY 1, 2019

Goldman Sachs entered and dominated personal digital lending, runs a neobank and roboadvisor, bought a large digital wealth footprint in United Capital, launched a credit card in partnership with Apple, and is now looking into cryptocurrency stablecoins ?—?something something that Facebook and JP Morgan have already started building.

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CB Insights

OCTOBER 26, 2020

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely.

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PYMNTS

OCTOBER 21, 2019

We’ve watched the payments industry address changes in customer behavior, shifts in compliance rules (GDPR, UBO, CCPA, EMV), the introduction of cryptocurrencies and the race to move money faster. For our anniversary, we received a gift of one sterling endorsement from Bain Capital Partner Matt Harris. The list goes on.

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Lex Sokolin

DECEMBER 25, 2019

According to Blockchain Capital below, nearly 40% of the stablecoin market is Ethereum-based Tether, accounting for 80% of transaction value overall. Certainly, regulators will be asking the same question as the space grows more popular. DAI, which is the native stablecoin of DeFi issued by MakerDAO, remains a small percentage.

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BankUnderground

AUGUST 9, 2022

Widespread adoption of crypto in the metaverse, or any other setting would require compliance with robust consumer protection and financial stability regulatory frameworks. Types of cryptoasset include non-fungible tokens (NFTs), cryptocurrencies, utility and security tokens. The role of cryptoassets.

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Fintech Labs Insights

SEPTEMBER 10, 2015

Tags: Regulations, compliance, enterprise, bank management.

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PYMNTS

DECEMBER 7, 2017

There is a huge gap right now, and traditional accounting software doesn’t integrate with blockchains and cryptocurrencies.”. He added that accounting solutions have to be able to connect directly into the dozens of cryptocurrency exchanges in operation today where crypto-trading occurs.

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blockchain cryptocurrency Software Regulation 131

PYMNTS

MAY 6, 2019

The notion that Facebook is going to launch and ignite a global payments network, at scale, based on its own branded cryptocurrency and achieve global merchant and consumer acceptance is as likely as the predictions a decade ago that bitcoin and blockchain would, by now, become the internet of money. A Cryptocurrency Play in Three Acts.

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