PYMNTS

MAY 28, 2020

South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. Though not much information is currently available, the new rules could impose restrictions on profitable sales of cryptocurrency and revenues gleaned from national crypto-mining projects, according to Cointelegraph.

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PYMNTS

FEBRUARY 19, 2019

As CoinDesk explained, the cryptocurrency’s boost indicates a bearish-to-bullish trend change, but it is still stuck in a symmetrical triangle. The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 trillion Indonesian rupiahs.

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PYMNTS

JANUARY 13, 2021

With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. 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.

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PYMNTS

JANUARY 7, 2019

The statement comes as cryptocurrencies are still not being recognized as legal tender. Against that backdrop, there are, at present, no plans for the nation to issue a state-backed cryptocurrency, as the government has pointed toward continuing concerns over money laundering and cyber risks. Banks are well capitalized.

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PYMNTS

OCTOBER 9, 2020

The Philippines government is mulling restricting the count of digital banks that run in the nation. Ripple unveiled its Line of Credit beta offering that it says lets its FinTech clients harness the XRP cryptocurrency to send international payments. Philippine Government Considers Digital Bank Limits.

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PYMNTS

JUNE 12, 2019

Security researchers have revealed another cryptocurrency mining malware that has already installed itself on Oracle servers. According to The Next Web , the malware attacks Oracle WebLogic Servers to install a Monero cryptocurrency mining bot. If the bill passes, India will become the latest country to completely ban bitcoin.

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PYMNTS

APRIL 30, 2018

The nation’s largest cryptocurrency exchange, Upbit, is collaborating with Korea Credit Data, reports said, to develop the solution, which will also aim to enable SMBs to more easily access structured securities. The involvement of the nation’s largest cryptocurrency exchange comes as the government cracks down on such firms.

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PYMNTS

DECEMBER 17, 2019

The popular cryptocurrency could stay under pressure as those behind the PlusToken scandal unload tokens. Additional cryptocurrencies like Ether were also utilized to reportedly swindle investors. On another note, R3 has finished a trade finance blockchain pilot with over 70 organizations from more than 25 nations, Coindesk reported.

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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

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

JANUARY 16, 2020

In other news, South Korean cryptocurrency exchange Bithumb is going to court to fight an almost $69 million tax bill from the National Tax Service (NTS), according to a report Thursday (Jan. called the cryptocurrency a scam. . 16) by Cointelegraph. . Taxes have been a contentious issue for some exchanges. In the U.S.,

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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. They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S.

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Gonzobanker

DECEMBER 8, 2021

Lastly, at this writing, Rockbridge Growth Equity (ties to Rocket Mortgage ) and CU Solutions Group acquired database marketing provider Marquis from Falfurrias Capital. Like Rocket Mortgage’s rise using digital tech, marketing, and outreach, Rockbridge’s portfolio reads like a checklist in new world growth methods.

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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

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

AUGUST 23, 2018

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites.

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PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. The research into digital central bank money will be conducted through a hub set up by the Swiss National Bank (the central bank) in partnership with the Bank for International Settlements (BIS). Some central banks are embracing the concept. Yays and Nays.

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PYMNTS

NOVEMBER 21, 2019

. “The young demographic in India give[s] an edge to adopt and build on new financial technologies, and I believe this will play a vital role in making India a global blockchain innovation center to also spur cryptocurrency adoption throughout the larger public in the country,” said CEO Changpeng Zhao of Binance in a press release.

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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

JUNE 21, 2018

According to Bloomberg , one source claims that the California-based firm is engaging in conversations with the Office of the Comptroller of the Currency, which charters and regulates all national banks and federal savings associations. The talks are not final and no deal has been made. In May, the company received a valuation of $5.6

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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

JANUARY 21, 2020

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. More immediately pressing might be the advent of China’s digital currency , where that nation has said it has developed a design of its digital offering.

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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

APRIL 28, 2019

Between September and November of last year, $78,000 worth of cryptocurrencies held by investors living in Singapore were lost as the result of scams. Attacks that capitalize on the human desire to respond to urgent requests from authority are on the rise,” reported Security Asia. This is just the latest crypto scam to hit the country.

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PYMNTS

MARCH 3, 2017

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. How bitcoin will fare if and when introduced to the Market with a capital M is anybody’s guess for now.

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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

NOVEMBER 12, 2019

The country is laying the groundwork to be the first nation to launch a digital currency and will balance privacy concerns with government oversight, Reuters reported. China is planning to launch a digital currency in early 2020 that will make allowances for privacy, a senior central bank official said on Tuesday (Nov.

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PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. The type of tax paid — capital gains tax, corporation tax, income tax, national insurance contributions, stamp taxes or VAT — will be decided by the tax authority.

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PYMNTS

SEPTEMBER 12, 2018

The Alibaba /China presence in blockchain patents shows a further bifurcation in the country’s approach to digital efforts, such as cryptocurrencies and blockchain. million in financing from a host of investors — including Maersk Growth, the venture capital (VC) arm of Maersk, the shipping firm.

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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

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

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.”. In the bitcoin realm, finance officials from France and Germany have requested that discussion of cryptocurrencies – specifically on policy – be part of the agenda at next month’s G20 meeting.

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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 It has also caught the eye of investors, who have just put another $140 million of fresh capital into Paxos, more than doubling its total fundraising. “We

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CFPB Monitor

NOVEMBER 29, 2021

The Joint Statement also notes that the Agencies will evaluate bank capital and liquidity standards for crypto assets for activities involving U.S. banking organizations. OCC Interpretive Clarification.

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PYMNTS

APRIL 7, 2017

While the world’s most popular cryptocurrency recently suffered some defeats in the U.S. As part of the new law that has “legalized” bitcoin in Japan, the nation’s Financial Services Agency has put capital requirements, along with cybersecurity and operational stipulations, in place for bitcoin exchange.

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PYMNTS

NOVEMBER 15, 2018

Instacart raises new capital, Berkshire takes a stake in Chase and bitcoin has a bad day. Today’s coverage includes the latest way Instagram wants to appeal to online shoppers, along with fresh data about how fraudsters might attack on Thanksgiving Day. Instagram Rolls Out Three New Ways to Discover Products to Purchase.

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CFPB Monitor

APRIL 25, 2022

Anchorage is not any regular entity overseen by the OCC: it is a cryptocurrency custodian. In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter. Notably, Anchorage will pay no civil penalty. The January 2021 Operating Agreement .

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