Signature Bank raises its bet on cryptocurrency

Payments Source

Lending Cryptocurrencies

IMF, TCH: Risks Can Outweigh Rewards For Cryptocurrencies, CBDCs

PYMNTS

See also: Circle’s Jeremy Allaire: Cryptocurrencies Are Not A Zero-Sum Game. consumer, 16 percent of whom either has owned or currently do own cryptocurrency, according to research by PYMNTS and BitPay.

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JPMorgan’s Jamie Dimon Urges Cryptocurrency Governance

PYMNTS

Morgan Chase , said he believes that it’s time for cryptocurrency oversight and told the Investment Company Institute (ICI) that a managerial framework should be instituted, etf.com reported. Cryptocurrency cryptocurrency digital currency News regulations What's Hot

NEW PYMNTS DATA: 60 Pct Of Cryptocurrency Users Want Merchants To Offer Payment Discounts, Rewards

PYMNTS

Cryptocurrencies are making headlines, fueled by big fluctuations in value and high-profile interest from celebrities who are enthusiasts. The Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum As A Payment Option , a PYMNTS and BitPay collaboration, examines U.S.

Square Building Hardware Wallet For Cryptocurrencies

PYMNTS

Square is working on a hardware wallet for cryptocurrency and is putting together a team of engineers to get the process started, Reuters reported on Friday (July 9), citing tweets from Square Hardware Lead Jesse Dorogusker.

Mastercard Network Will Support Select Cryptocurrencies

PYMNTS

Mastercard has announced it will be offering support for cryptocurrencies on its network this year, Reuters reported. Mastercard already gives users the ability to transact with cryptocurrencies via cards, albeit not through the network, according to Reuters.

How Cryptocurrency Exchanges’ Onboarding Systems Can Weed Out Fraudsters

PYMNTS

Cryptocurrencies have surged in popularity and value over the past several years, with the crypto market valued at $1.6 Some cryptocurrencies have also gained a reputation for being used to facilitate criminal activities. A recent study found that cryptocurrency crimes dropped to $1.9

Cryptocurrency Could Be Totally Banned in India

PYMNTS

India is considering new regulations that would ban cryptocurrency in the country, penalizing anyone who holds, buys, or mines bitcoin and other digital currency, Reuters reported , citing unnamed government sources.

Dubai Debuts Own Cryptocurrency Valued At $0.17 Per Coin

PYMNTS

The increased interest globally in bitcoin and other cryptocurrencies has only fueled CBDCs. Citi said in April that a surge in cryptocurrency had driven much of the adoption of digital money. Cryptocurrency cryptocurrency digital currency Dubai DubaiCoin international News What's Hot

Regulating the cryptocurrency markets

Chris Skinner

I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog. Someone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised?

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.

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

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.

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

Amazon job posting hints at plan to accept cryptocurrency

American Banker

Amazon Blockchain Cryptocurrencies

Battle lines over cryptocurrencies being drawn in Congress

American Banker

Financial regulations Senate Banking Committee Innovation Cryptocurrencies

Bitcoin Daily: Binance Shut Out Of Italy; PayPal Raises Cryptocurrency Limits

PYMNTS

Meanwhile, PayPal has boosted cryptocurrency limits for its U.S. PayPal’s reasoning is that these changes will “enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform,” according to CoinDesk.

From Ban To Fan: India Mulls Possible U-Turn On Cryptocurrencies

PYMNTS

El Salvador became the first country to accept the marquee cryptocurrency Bitcoin as legal tender. We will allow certain windows for people to do experiments on the blockchain, bitcoins or cryptocurrency.”. Cryptocurrency Bitcoin cryptocurrency digital currency india international New

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

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.

Former CFPB chief joins cryptocurrency surveillance firm

American Banker

Elizabeth Warren CFPB Cryptocurrencies

Circle adds Facebook Diem vet to bring its stablecoin into mainstream

Payments Source

Cryptocurrencies

China Bars Banks, Payments Cos From Cryptocurrency Services

PYMNTS

Banking regulators in China have banned financial institutions, including banks and payments companies, from providing services related to cryptocurrencies, Reuters reported. Cryptocurrency Bitcoin china cryptocurrency digital currency international News What's Hot

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

i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

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.

London Neobank Revolut Debuts Four New Cryptocurrencies

PYMNTS

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.

Report: $50B In Cryptocurrency Moved Out Of China

PYMNTS

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.

Customer Demand Prompts Citigroup To Offer Cryptocurrency Services 

PYMNTS

After getting numerous requests from customers, Citigroup is looking into the rollout of services to support cryptocurrency, Financial Times (FT) reported on Friday (May 7). Clients also asked about financing deals with cryptocurrency holdings, per FT. “We

Mastercard works with startups to ease use of cryptocurrencies

American Banker

Payments Mastercard Cryptocurrencies

New York To Ease Cryptocurrency Regulations

PYMNTS

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.

Britain To Look Harder At Stablecoins Than Other Cryptocurrency

PYMNTS

Britain plans to regulate stablecoins first rather than the whole of the cryptocurrency market, Reuters writes. He said he believes the case for intervention is less important for now in the broader cryptocurrency market.

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.

WeWork Will Now Accept Cryptocurrency Payments

PYMNTS

WeWork has begun accepting some forms of cryptocurrency for inbound and outbound transactions, the shared office space provider announced on Tuesday (April 20). Coinbase will also become the first WeWork member to pay for its membership with cryptocurrency.

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?

Cryptocurrency Exchanges Turn To Mobile Verification To Stop AML

PYMNTS

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.