European Central Banks Demand Strict Cryptocurrency Regulations

PYMNTS

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported.

i2c President Says Blockchain Will Unlock Cryptocurrency

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PayPal is opening its network to allow consumers to shop using cryptocurrency. Cryptocurrency cryptocurrency digital money economy Featured News Fiat i2C Masterclass News pymnts tv tokenization videoCryptos are having a moment.

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Report: $50B In Cryptocurrency Moved Out Of China

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More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency has not been without controversy.

Signature Bank raises its bet on cryptocurrency

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Lending Cryptocurrencies

U.K. Treasury Increasing Cryptocurrency Ad Regulations

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18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. The ban applies to exchanges, banks and financial institutions licensed to provide cryptocurrency services.

Cryptocurrency Market Tumbles; Bitcoin Falls 12 Percent

PYMNTS

CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. According to Coinmarketcap, the overall value of the cryptocurrency market — or market cap —was $880 billion Monday morning, down from $1.08

Square Lands Hard On Cryptocurrency

PYMNTS

5) was its prowess in cryptocurrency. Cash App users can purchase and sell bitcoin; they can also make cryptocurrency transfers to other wallets. Square has been a supporter of cryptocurrency, which generated $65.5 Earnings Bitcoin cryptocurrency News Square

Cryptocurrencies are not currencies

Chris Skinner

I’ve been watching the rollercoaster ride of cryptocurrencies very carefully for the last year, and it only struck me today that these are not currencies … yet. Apart from a few novelty vendors and merchants who put bitcoin on their websites, I don’t see many others accepting ether or XRP, … The post Cryptocurrencies are not currencies appeared first on Chris Skinner's blog.

Thailand to Tax Cryptocurrencies

Bank Innovation

Taxes on cryptocurrency? Taxing cryptocurrency is a way for […]. Compliance Cryptocurrency Exclusive Bitcoin cryptocurrency regulationsThat’s what regulators in Thailand are planning to institute. According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains.

Israel to Tax Cryptocurrencies

Bank Innovation

Israel is going to put a tax on cryptocurrencies including bitcoin, regulators in the country said yesterday. According to a circular by Israel Tax Authority yesterday, the government said it looks at cryptocurrencies as a property rather than a currency, and therefore it will be taxable. According to the circular, translated by multiple reports, cryptocurrencies will […]. Cryptocurrency Exclusive Bitcoin cryptocurrency

London Neobank Revolut Debuts Four New Cryptocurrencies

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London challenger bank Revolut has rolled out four new cryptocurrencies — EOS, OMG Network, Tezos and 0x — for users in the Europe Economic Area (EEA), the company said in a blog post on Thursday (Dec. The startup reminded people that cryptocurrencies are not regulated in the U.K.

How Cryptocurrency is Affecting BSA Initiatives

Abrigo

Cryptocurrency continues gaining traction. As the cryptocurrency industry continues to expand, financial institutions must remain vigilant to thwart cybercriminals. Takeaway 1 The cryptocurrency industry has expanded quickly. What's going on in cryptocurrency?

Can cryptocurrency become mainstream?

American Banker

Blockchain Cryptocurrencies

New York To Ease Cryptocurrency Regulations

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It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules.

What’s ahead in 2022 for cryptocurrencies?

Daily Fintech

The post What’s ahead in 2022 for cryptocurrencies? Bitcoin, Blockchain, CryptocurrenciesThis year the ultra-rich got even richer. Elon Musk saw his fortune grow by $194 billion during the COVID-19 pandemic, followed by Jeff Bezos who saw his fortune increase by $85 billion.

Most People Don’t Know What Cryptocurrencies Are

Bank Innovation

Sure, cryptocurrency and bitcoin might seem like the talk of the town, but a recent survey found that most people don’t even know what a digital currency is. According to a survey conducted by cryptocurrency platform COBINHOOD, only 56% of the 1,035 Americans surveyed knew that cryptocurrency is a digital decentralized currency designed as a […]. Cryptocurrency DataBank Bitcoin cryptocurrencies Ethereum ICOs initial coin offerings Litecoin

Cryptocurrency Expert: Government-Backed Cryptocurrency Misses the Point

Bank Innovation

EXCLUSIVE- To make a government-backed cryptocurrency is to defeat the point of cryptocurrency, Jacob Eliosoff, a programmer, crypto trader, businessman, and teacher, explains in an interview with Bank Innovation. There is no shortage of interest in government-backed cryptocurrency in today’s world.

Cryptocurrency Exchanges Turn To Mobile Verification To Stop AML

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The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 Experts estimate that cryptocurrency-related crimes totaled $4.3 BitGo On Strengthening Cryptocurrency Exchanges’ AML/KYC Procedures.

Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency

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But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. They may have their own cryptocurrency, they may have their own solution, be it healthcare, rewards or rebates, or other opportunities. Bitcoin gets all the headlines.

Cryptocurrencies being used by fraudsters, Starling boss says

BankInovation

Bitcoin and cryptocurrencies present several challenges for investors and banks, including their use by criminals, according to Anne Boden, chief executive of Starling Bank Ltd. Crypto & Defi Bloomberg cryptocurrencies fraud Starling Bank

Lawmakers take a hard look at cryptocurrency

Payments Dive

With Facebook's announcement of its cryptocurrency Libra, cryptocurrency has gotten a lot more attention recently, and not all of it is positive, especially from U.S. Many are seeing cryptocurrencies like Libra as a national security issue lawmakers.

China Does a 180° on Cryptocurrency

Bank Innovation

China has reportedly banned all bitcoin executives from leaving its borders as part of the country’s crackdown on its cryptocurrency industry. Though these reports named bitcoin executives in particular, some see the move as the onset of a larger “war” between governments everywhere and all cryptocurrencies. Compliance Cryptocurrency Exclusive Online Bitcoin China compliance cryptocurrency regulations

Stripe job postings suggest a return to cryptocurrency

American Banker

Payments Cryptocurrencies

Circle adds Facebook Diem vet to bring its stablecoin into mainstream

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Cryptocurrencies

Russia to Regulate Cryptocurrencies in 2017

Bank Innovation

Russia will start regulating cryptocurrency trading by the end of the year, according to the country’s Finance Minister. At the Moscow Financial Forum on Friday, Russian Finance Minister Anton Siluanov said: The state certainly understands that cryptocurrencies are a reality, there is no point in prohibiting them. Cryptocurrency Bitcoin Bitcoin regulation cryptocurrencies Russia

Facebook Reverses Cryptocurrency Ad Ban

Bank Innovation

PREMIUM –Facebook has changed its stance on cryptocurrency ads by reversing a ban it had placed on the ads only five months ago. The news didn't do much for bitcoin, the most well known cryptocurrency, which is trading today a little above $6,000. Facebook is reversing the ban it placed in January on cryptocurrency advertisers, […]. Cryptocurrency Exclusive Online Premium Social Media advertisements cryptocurrency Facebook ICO ban

The future of cryptocurrencies

Chris Skinner

2017 has been a wild and fantastic year for cryptocurrencies, especially bitcoin. 2017 was when everyone thought they had to get into cryptocurrencies, and … The post The future of cryptocurrencies appeared first on Chris Skinner's blog Everyone was wondering whether they should buy bitcoin. That was back when it was $500 a coin. Now it’s over $11,000 a coin. Funny year 2017.

South Korea’s Crackdown on Cryptocurrency

Bank Innovation

South Korean government’s skepticism on the cryptocurrency phenomenon has taken a new form as reports emerge that the government is looking to ban all digital currencies as well as prominent exchanges. Cryptocurrency Exclusive Bitcoin cryptocurrency South KoreaReuters reported that two of the country’s largest exchanges Coinone and Bithumb were raided this week by police and tax agencies on allegations of […].

Are cryptocurrency exchanges the new Swiss banks?

American Banker

Digital currencies IRS Cryptocurrencies

Cryptocurrency boom stokes insurer interest, Coincover funding the latest cue

Daily Fintech

The cryptocurrency industry has been on a roll, peaking at a market capitalization of $2.2 The post Cryptocurrency boom stokes insurer interest, Coincover funding the latest cue appeared first on Daily Fintech. InsurTech Coincheck coincover cryptocurrencies Lloyd's

Cryptocurrency religions: Will altcoins survive?

Daily Fintech

Bitcoin was the first and every other cryptocurrency came from it. Maximalists think Bitcoin is and will remain the dominant cryptocurrency, but there is room for altcoins to exist and even do well. Bitcoin and other cryptocurrencies have become a belief system.

India Moves To Outlaw Cryptocurrencies

PYMNTS

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . The proposed bill is appropriately called the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019,” and the draft has been distributed to various different government departments. Many government agencies feel the need to move on cryptocurrency is urgent.

Facebook makes its big move into cryptocurrency with Libra

Payments Dive

Cryptocurrency and blockchain technology are now mainstream. If you still doubt this fact, then take a look at Facebook, which has formally announced its entry into the cryptocurrency space

Coinbase Starts Cryptocurrency Venture Fund

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To give cryptocurrency startups and their founders a boost, Coinbase has started a new incubator fund called Coinbase Ventures. While the popular cryptocurrency exchange expects the fund’s profits to be small compared to those of its overall business, the fund already has $15 million and is expected to grow, CNBC reported. “We’re The fund is designed to help launch firm and aid founders in the cryptocurrency and blockchain industries.

Burundi Prohibits Cryptocurrency Trading

PYMNTS

Saying it can’t provide users of cryptocurrencies protection in case of trouble, Burundi banned the trading of digital currencies in the country, Bloomberg reported. And Bank of England Governor Mark Carney proposed in August placing a cryptocurrency at the center of a global monetary system that public authorities would oversee. Cryptocurrency Bank of England bitcoin Burundi cryptocurrency News What's Hot