PYMNTS

FEBRUARY 26, 2019

A man in India tricked 12 people out of $250,000 with a scam involving a fake cryptocurrency named after the Indian version of the show “Who Wants To Be A Millionaire,” according to reports. He is believed to have been running the scheme since around the crypto surge at the end of 2017, but the fraud was filed with police just last week.

cryptocurrency 165

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PYMNTS

JANUARY 13, 2021

The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. The clarity of being regulated by the oldest regulator for banks in the United States … sends a very clear message.”.

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PYMNTS

JUNE 23, 2019

Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market. Byrne predicted that security tokens will reduce friction in capital markets while also improving price discovery. and those security tokens are going to need a regulated exchange. I perpetrated a fraud.

Bitcoin 100

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PYMNTS

SEPTEMBER 11, 2019

Cryptocurrencies — Facebook’s Libra included — face at least some new headwinds as they target a mainstream embrace. The official said she was planning to meet with the Swiss financial regulator, FINMA, this week, in discussions that according to Coindesk would focus on anti-money laundering (AML) efforts.

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PYMNTS

JUNE 16, 2020

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. In terms of legislation, Senn said NASAA supports the “Senior Investor Pandemic and Fraud Protection Act” and the “COVID-19 Restitution Assistance Fund for Victims of Securities Violations Act.”.

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US Cyber Security Security National 227

PYMNTS

SEPTEMBER 28, 2017

27), Gorman said cryptocurrencies are “certainly something more than just a fad,” reported CNBC. What’s more, the executive didn’t call for additional regulations of the new marketplace, but rather said technology trends will force the regulators to change. If banks behave badly, the government says, ‘Raise more capital.’

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Bitcoin cryptocurrency Regulation US 104

PYMNTS

JANUARY 13, 2021

13) on the Nasdaq Global Select Market and the Nasdaq Capital Market under the symbols “BTRS” and “BTRSW,” respectively. Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge. Debate Looms Over Crypto Privacy, Security And Regulation. and is expected to begin trading Wednesday (Jan. Starbucks announced on Tuesday (Jan.

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PYMNTS

JULY 9, 2018

It’s been just a few weeks since the General Data Protection Regulation (GDPR) took effect — and speed bumps remain. On a country-specific basis, Thailand last week said it debuted regulations on digital tokens, slated to take effect a week from now on July 16. Thailand And The Digital Token Debate.

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PYMNTS

AUGUST 27, 2020

On another note, Roskomnadzor, Russia's telecom regulator, blocked Russia's top crypto exchange aggregator, BestChange.ru, on Wednesday (Aug. Bitcoin and any other cryptocurrencies are illegal to use for payment in Russia, the report stated. The aggregator was banned other times, including in 2017. Cointelegraph reported.

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PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

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PYMNTS

SEPTEMBER 6, 2019

Grabbing capital is relatively easy if the latter continues, enough so that the former turns from red to black. Beating the fraudsters: Visa said that since their inception, chip cards have reduced counterfeit fraud by 87 percent. Counterfeit fraud dollars for all U.S. Uber is by no means an uber stock. Lyft shares have no lift.

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PYMNTS

JANUARY 6, 2019

“I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”. million rupee fine (about $420,000) to Deutsche Bank for failing to follow Indian KYC and AML regulations, while French bank Société Générale agreed to pay $95 million to settle AML charges. and European markets.

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PYMNTS

APRIL 26, 2019

Cryptocurrencies declined in trading Thursday (April 26) night after the New York Attorney General went after Bitfinex, a crypto exchange, for hiding the fact it’s missing $850 million. Fortune noted that it’s not clear the impact this will have on the cryptocurrency market. The situation looks bad.

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PYMNTS

APRIL 28, 2017

At the time, the SEC nixed listing the twin’s ETF on the Bats BZX Exchange due to lack of oversight, regulation and the potential for fraud in the broader bitcoin space. The regulatory body noted that bitcoin must first have surveillance sharing agreements with significant markets and that those markets must be regulated.

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PYMNTS

AUGUST 8, 2019

A detective superintendent said per the report, “When victims attempted to withdraw their capital, they could not.”. will roll out in September, and it is said to offer cryptocurrencies, such as stellar and bitcoin. According to the outlet, the schemes offered a “trial investment” to rope in victims. The exchange’s version 1.0

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PYMNTS

MARCH 17, 2017

Lack of oversight, regulation and the potential for fraud in the broader bitcoin space. Additionally, those markets must be regulated. We agree with the SEC that regulation and oversight are important to the health of any marketplace and the safety of all investors.”. The reason? Still, some aren’t satisfied with that.

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Bitcoin Regulation cryptocurrency blockchain 123

PYMNTS

JANUARY 24, 2018

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. The China Banking Regulatory Commission (CBRC) reportedly published a paper last week that discusses the regulation of various financial technologies, including blockchain.

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PYMNTS

JUNE 18, 2018

The agency said in the press release that it completed a comprehensive review of Square’s application – including its anti-money laundering, anti-fraud, capitalization, consumer protection and cybersecurity policies – before granting the license.

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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

MARCH 31, 2017

For a second time, it was the lack of oversight, regulation and the potential for fraud in the broader bitcoin space that worked against the proposed ETF. Still, the SEC’s repeated calls for regulation and oversight are sobering given other developments brewing in the bitcoin space. Hard fork, anyone?

Bitcoin 100

Bitcoin blockchain Capital Regulation 100

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

APRIL 10, 2017

Wells Fargo found yet more fraud problems in its organization; Amazon announced some hi-tech staffing expansions and bitcoin finally found a government with the will to recognize it as a currency. Ready to make the leap? Japan stepped up to the plate to deliver some: On April 1, the country recognized bitcoin as a legal payment method.

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PYMNTS

OCTOBER 4, 2019

The fact that WeWork has failed to go public may mark a line in the sand, where public markets will not throw money to companies that are looking for capital and have valuations in the tens of billions of dollars. But not even getting out of the gate speaks to something larger. For WeWork , of course, the filing Monday (Sept.

Capital 100

Capital Survey Course Company 100

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. Now it has a small-business financing program, Square Capital.

Community Bank 70

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Bankelele

JULY 24, 2015

Today saw the launch of the Barclays Africa Supply Chain Challenge at the Capital Club in Nairobi. Barclays was one of the first UK banks to work with bitcoin companies and continues to partner with startups by being their customer and in helping them scale and engage with governments on regulation.

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Bitcoin cryptocurrency Regulation Innovation 28

PYMNTS

APRIL 30, 2018

Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn. Take Goldman Sachs and Marcus.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

NOVEMBER 2, 2018

He said the digital currency was a “terrible store of value” in 2014 and called it a fraud last year. (He I don’t really give [an expletitve] — that’s the point, OK?” ” The executive has long been a skeptic of bitcoin. He later said that he regretted making the comment.)

Bitcoin 123

Bitcoin District of Columbia Texas New York 123

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.

Management 78

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CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. savings accounts.

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Retail Cards Millennials Mobile 78

South State Correspondent

JULY 25, 2022

We have poured through the recent 2Q earnings releases, spoken with a rash of institutional bank investors, traded thoughts with analysts, and compiled the following list of concerns that bank stakeholders (employees, shareholders, vendors, and regulators) now have. Regulation: What are your regulators concerned about?

Trends 195

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PYMNTS

DECEMBER 20, 2019

There are estimates that cryptocurrency-related fraud and theft has made off with $4.4 Various regulators have brought into question whether Facebook’s Libra should ever get off the drawing board. The Basel Committee on Banking Supervision said the risks are tied to liquidity, credit and fraud.

Bitcoin 130

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Bussman Advisory

FEBRUARY 21, 2018

There should be no doubt by now that initial coin offerings – token sale fundraisings by startups – have established themselves as new and very compelling forms of capital raising. This has begun to disrupt above all the traditional venture capital model by providing a compelling alternative fundraising mechanism for startups.

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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.

blockchain 131

blockchain cryptocurrency Software Regulation 131

PYMNTS

DECEMBER 9, 2020

Gangs in Latin America are increasingly turning to cryptocurrency to operate illegal trades of drugs, guns, sex and people, Reuters reported. Criminals deposit cash in small amounts in different bank accounts and then use it to buy bitcoin. In other news, cryptoasset analytics firm Elliptic reported Wednesday (Dec.

Bitcoin 168

Bitcoin Report cryptocurrency Analytics 168

PYMNTS

JANUARY 5, 2020

Meenavalli , CEO of the cryptocurrency firm Longfin, has agreed to settle with the Securities and Exchange Commission (SEC) and pay $400,000 in disgorgement and penalties, the SEC announced on Friday (Jan. Regulators are moving forward with a criminal case against Meenavalii. . investors in the future,” said Anita B.

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blockchain Bitcoin cryptocurrency Operations 132

CB Insights

FEBRUARY 21, 2019

Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. Imbrex is reportedly planning to launch smart contract-enabled transactions using its own cryptocurrency. Moreover, title fraud poses a risk to homeowners worldwide.

blockchain 78

blockchain Fraud Technology Management 78

PYMNTS

SEPTEMBER 18, 2017

Countries are monitoring cryptocurrencies as a means of cutting down on money laundering incidents. Think the furor over cryptocurrencies will abate? Additionally, the Monetary Authority of Singapore (MAS) has said that it will regulate cryptocurrency sales, similarly to address concerns over fraud tied to ICOs.

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cryptocurrency United States Fintech Regulation 101