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New US 'Cryptocurrency Enforcement Network' Takes Aim At Bitcoin Scammers

PYMNTS

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems.

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Robert Fisher: The nimbleness of community bankers

Independent Banker

Let’s rediscover what it means to be community bankers. Because as community bankers, it’s what we do. That just may be community bankers’ word of the year. Emerging options like cryptocurrency may warrant strategic consideration. Considering our communities’ needs is critical to our success as well as theirs.

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Social Network Telegram Races To Release It’s Own Cryptocurrency

PYMNTS

While Facebook’s proposed cryptocurrency Libra hangs in regulatory limbo over concerns of money laundering and a threat to financial stability, popular social network Telegram has plans to release its own cryptocurrency by October, according to a report by The New York Times. “A

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Listen: 30% of community banks adding crypto services in next 18 months

BankInovation

A growing number of community banks are considering adding cryptocurrency services, and it could give them an edge in the battle for digital customers. Thirty percent of community banks expect to add crypto to their offerings during the next 18 months, according to a report by financial consultancy Wipfli.

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Crypto opportunity for community banks and credit unions

BankInovation

According to a survey recently commissioned by Finder, 23% of Americans own some form of cryptocurrency, reflecting an increase of more than 60% over the past two years. As consumer interest in digital currency grows, community banks and credit unions need to find ways to bring these digital assets and capabilities to their customers.

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New Trends Redefining the Role of Community Banks

Independent Banker

This year, an overwhelming amount of industry and media attention has been focused on sky-high neobank valuations, big tech’s continued foray into banking, and emerging finance trends, like buy-now-pay-later and the growing cryptocurrency market. Community FIs are critical to maintaining competition and equity in the U.S.

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Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency

ABA Community Banking

As more customers engage with cryptocurrency, they are increasingly looking to banks to help them safely hold these assets. The post Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency appeared first on ABA Banking Journal. Banks are responding to this new customer demand.