PYMNTS

JUNE 25, 2019

Randal Quarles, chair of the Financial Stability Board (FSB), said there won’t be a specific item on the agenda about Facebook’s Libra at the G20 summit in Japan, but that regulators will need to closely watch the proposed cryptocurrency, according to a report by Reuters.

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PYMNTS

APRIL 30, 2018

South Korea’s Korea Credit Data, a FinTech startup that operates in the small- and medium-sized business accounting software market, said it is exploring an entrance into the world of blockchain. The involvement of the nation’s largest cryptocurrency exchange comes as the government cracks down on such firms.

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PYMNTS

JANUARY 21, 2020

A recent report from the United Nations indicates that tech advances in the remittance marketplace “could help enable financial inclusion for hundreds of millions of people in the Asia-Pacific region.”. MoneyGram said the capital would be earmarked to develop and expand its On-Demand Liquidity payment system, which uses XRP cryptocurrency.

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PYMNTS

MARCH 1, 2019

According to The Japan Times , the country’s National Police Agency is trying to ward off illegal transactions by training specialists in data analysis, as well as looking into artificial intelligence (AI) technology that can detect illegal trades.

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PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. The overall theme, reported the site, is to look into how “digital central bank money could be used in the settlement of tokenized assets between market participants.”. Some central banks are embracing the concept. Others, not so much. Yays and Nays.

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PYMNTS

DECEMBER 4, 2019

As Jason Guthrie, WisdomTree Europe’s head of capital markets, pointed out, the offering is the first its kind by a mainstream, established asset manager. The British Virgin Islands has plans to release its own national cryptocurrency pegged one-to-one to the greenback so that its 35,000 residents can use it within its territory.

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PYMNTS

OCTOBER 8, 2018

President Maduro Petro officially rolled out the Petro last week, but the cryptocurrency had been available for pre-sale earlier this year. And Seoul Mayor Park Won-soon unveiled a $108-million plan to make the capital into a blockchain-enabled smart city, Coindesk reported.

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PYMNTS

JUNE 21, 2018

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. The firm launched no-fee cryptocurrency trading in February, with more than 1 million people joining the waitlist to trade on the platform when the announcement was first made. s growth fund CapitalG.

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PYMNTS

JANUARY 21, 2020

It will closely coordinate with the relevant institutions and forums — in particular, the Financial Stability Board and the Committee on Payments and Market Infrastructures.”. The specter of Libra is there, of course, though it should be noted that the Facebook- and consortium-backed cryptocurrency still has been hitting stumbling blocks.

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PYMNTS

JULY 23, 2019

Facebook’s David Marcus was grilled and the cryptocurrency was criticized in hearings with the Senate Banking Committee on July 16, and by the House Financial Services Committee on the following day. For those who missed it, PYMNTS published a recap of Libra’s week in Washington.).

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PYMNTS

JANUARY 17, 2018

World governments — most notably South Korea, which seems to be a bit back and forth on the subject — have hinted that a ban on crypto-trading may be forthcoming, and Chinese authorities have made their intention to crack down on mining in-nation quite clear. And understandably so,” said Kerrie Walsh, assistant economist at Capital Economics.

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PYMNTS

MARCH 3, 2017

Bitcoin’s market cap is currently well over $20 billion as value rose well over $200 in the past two weeks. The big news this week in cryptocurrency is, of course, bitcoin hitting new record highs amid the possibility that the Securities and Exchange Commission (SEC) could approve a bitcoin exchange–traded fund. This is not a drill.

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PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Or does it?

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PYMNTS

OCTOBER 25, 2019

members of GFIN will seek to advance financial and market integrity, consumer and investor protection, financial inclusion, competition, and financial stability. financial regulators represent the interests and needs of the nation and its financial services stakeholders,” according to a statement.

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PYMNTS

APRIL 14, 2018

Normal protocol would automatically push the tax filing deadline to April 16, but this year, April 16 marks Emancipation Day in the nation’s capital, and so, as a holiday gift to all of us, the Internal Revenue Service (IRS) has given Americans until April 17 to file their taxes. That means U.S. Windfall for Uncle Sam?

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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. Metastable, Kilowatt Capital, Coinfund and Multicoin Capital provided the pre-Series A funding for the blockchain company.

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PYMNTS

NOVEMBER 15, 2018

Instacart raises new capital, Berkshire takes a stake in Chase and bitcoin has a bad day. At the same time that bitcoin’s market cap was falling, rival digital currencies Ripple XRP and Ether were battling it out for the second-place spot in terms of digital currencies. Instacart Raises $271M on $7.8B Bitcoin Drops Below $6,000.

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PYMNTS

JANUARY 11, 2021

Put another way, it's the company that made it possible for PayPal’s recent announcement that it would allow its users to buy, sell and hold cryptocurrency. “So So it started with crypto — that's [its] native token — and it has moved to cash,” Cascarilla said, noting the current $25 billion tokenized cash market that grew fivefold last year.

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PYMNTS

MARCH 2, 2020

Two individuals were accused of being connected to the Lazarus Group cybercrime organization per an update of the “Specially Designated Nationals” (SDN) list from OFAC. JVCEA said Tokyo Hash and Digital Asset Markets Inc. million from a group that included Mitsubishi UFJ Capital as well as Bank of Tokyo Mitsubishi UFJ.

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CFPB Monitor

NOVEMBER 29, 2021

President’s Working Group on Financial Markets, which delineated perceived risks associated with the increased use of stablecoins and highlighted three concerns: risks to rules governing anti-money laundering (“AML”) compliance, risks to market integrity, and general prudential risks. A “Crypto Asset Roadmap” Promising Future Clarity.

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PYMNTS

APRIL 7, 2017

While the world’s most popular cryptocurrency recently suffered some defeats in the U.S. Bitcoin’s market cap sat at just over $19.1 But if consumers pull out their bitcoin wallets at major retailers across Japan, other nations could soon look to follow suit. It will be interesting to see if consumers bite.

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PYMNTS

FEBRUARY 15, 2018

He further noted that if “I need capital to lend, then let’s have the same rules for everyone – for the internet giants, too.”. One consideration, the group has said, includes regulatory sandbox/innovation hubs that provide industry support as innovation comes to market. and Alibaba in China, may be able to “replace many banks.”

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PYMNTS

NOVEMBER 26, 2019

As a licensed exchange, BitBay has to follow the market standards. 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.

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Lex Sokolin

JANUARY 14, 2021

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. They have not been distributed by fiduciaries to the mass market. Selling a diversified, cheap asset allocation as your core investment is a stable market equilibrium. It is logic. It is statistics.

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Lex Sokolin

JANUARY 14, 2021

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. They have not been distributed by fiduciaries to the mass market. Selling a diversified, cheap asset allocation as your core investment is a stable market equilibrium. It is logic. It is statistics.

America 52

America Wyoming National Capital 52

PYMNTS

MARCH 17, 2017

The SEC noted that for them to approve an exchange that lists and trades shares of commodity-trust, exchange-traded products, the exchange must first have surveillance-sharing agreements with significant markets. Additionally, those markets must be regulated. Still, some aren’t satisfied with that.

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PYMNTS

OCTOBER 9, 2019

In other news, the SIX Digital Exchange (SDX) announced that it is joining forces with the Swiss National Bank (SNB) on a proof of concept to look into how digital central bank money could be used in the settlement of tokenized assets between market participants. “As We are starting to see more demand pick up in the market,” Lim said.

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PYMNTS

OCTOBER 2, 2019

With the recent news that some of Libra’s backers are, at least for now, shying from vocal support for the Facebook cryptocurrency project, it’s worth taking stock of Libra’s vital signs. The patient may not be dead, but the breathing is getting a bit labored. Stepping back a bit, headlines on Wednesday (Oct.

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PYMNTS

JANUARY 24, 2018

Securities and Exchange Commission (SEC) recently made that clear with news this week that the agency would crack down on businesses using the blockchain name to boost shares, a recent phenomenon in the market hitting everything from an iced tea firm to a solar energy company. SEC Chairman Jay Clayton spoke Monday (Jan.

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PYMNTS

JANUARY 6, 2017

A look at Crypto-Currency Market Capitalizations shows that, roughly in the same frame of time, the top 57 digital currencies all saw their values drop. In fact, at the time of writing, 92 of the 100 cryptocurrencies tracked lost value in the same 24-hour period. Bitcoin isn’t alone in this sudden drop in value.

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PYMNTS

AUGUST 20, 2018

That caution comes even while the door is being opened for some lenders such as OnDeck Capital to operate nationally rather than contending with a patchwork of state regulations and operating in each market, in effect, locally. Japan Eyes Cryptos, Yet Again. Separately, and looking beyond the U.S.,

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PYMNTS

SEPTEMBER 16, 2016

Also, high capital costs of the latest mining facilities and systems are creating a barrier to entry for new miners. With time, the fundamentals surrounding the bitcoin market improved. When in Rome, pay for your cab with cryptocurrency. Ripple Gets Venture Capital Support. And who can blame them? Cabs With Crypto.

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PYMNTS

DECEMBER 6, 2017

That includes the ability of faster payments initiatives to address corporate, cross-border transactions in addition to consumer, national transactions, he said. A small business needs working capital, letters of credit, export insurance logistics, shipping insurance and credit protection.

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PYMNTS

OCTOBER 29, 2019

But in any event, the offering comes through a firm known as Lingzhu Technology, which is based in China, and which has had at least some investment of state-backed capital. That announcement, of course, comes in tandem with the efforts by China to develop its own digital version of the renminbi. million.

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PYMNTS

MARCH 31, 2017

In its latest ruling, the SEC mirrored the language used in its previous denial, once again referring to Section 6(b)(5) of the Exchange Act, which “requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.”.

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PYMNTS

JULY 7, 2017

Amazon has about 70 percent market share, with Google Home to have about 24 percent of the market, according to eMarketer, and against that backdrop, 36 million U.S.-based That’s Amazon’s commitment to its India ops, where growth is sizzling enough, and competition robust enough, to mandate heavy duty capital allocation.

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Lex Sokolin

NOVEMBER 12, 2020

Let’s mark things to market so that we are able to walk forward again. Markets still reflect financial constructions and schemes decoupled from the experience of the average person. High tech firms continue to build into software their addictive digital nation states. The virus gorges on the social animal. The election’s end?—?and

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