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. . Many government agencies feel the need to move on cryptocurrency is urgent.

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.

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.

Could Cryptocurrency Bring Shoppers To Local Businesses?

PYMNTS

Crypto hubs are creating digital currencies to bolster local commerce within cities: Tel Aviv, for instance, is distributing cryptocurrency in an experimental rewards program. Even so, the mass adoption of cryptocurrency can be challenging.

Facebook wants its cryptocurrency to one day rival the greenback

Bank Innovation

unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. Blockchain Bloomberg Commerce & POS Exclusive Payments cryptocurrency Facebook Libra paymentsFacebook Inc.

Will Smartphone Makers Cozy Up To Cryptocurrencies?

PYMNTS

That could be the emerging story when it comes to smartphones and cryptocurrencies, given Samsung’s recent entry in this area of digital payments. South Korea-based Samsung has indicated it wants to add more cryptocurrency support to that mobile device as well. Better late than never?

If Facebook launch a cryptocurrency, will US government shut it down?

Chris Skinner

I’m writing more and more about Facebook launching its own cryptocurrency lately: Will Facebook become the world’s central bank? March 2019) Will a global platform connect all of our money?

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?

World Bank, IMF Debut Private Blockchain And ‘Quasi-Cryptocurrency’

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The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. Since the coin has no monetary value, it’s not an actual cryptocurrency, according to The Financial Times.

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.

Citi Cancels Plans For Its Own Cryptocurrency

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JPMorgan Chase isn’t the only bank that has been working on a cryptocurrency. That’s according to CoinDesk , which cited Gulru Atak, head of Citi’s Innovation Lab, as saying that after working on a cryptocurrency since 2015, the bank came to the conclusion that while the technology had potential, there were other ways to improve payments. When Citi kicked off the development in 2015, it code-named the cryptocurrency Citicoin, but never formally announced the project.

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.

The State of Cryptocurrency in 2019

Bank Innovation

It was a tough year for cryptocurrencies. Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase.

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.

Japanese Cryptocurrency Exchange bitFlyer Launches in Europe

Bank Innovation

Japanese cryptocurrency exchange bitFlyer today announced its launch in Europe. Compliance Cryptocurrency Exclusive Bitcoin bitFlyer cryptocurrencies European UnionbitFlyer, the first Bitcoin exchange to be regulated in Japan and the U.S.,

Japanese Cryptocurrency Exchanges Report 669 Cases of Money Laundering

Bank Innovation

Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according to a report by Nikkei Asian Review. Cryptocurrency Exclusive Security Bitcoin cryptocurrency money laundering

Cryptocurrencies Surge as Debate Over Digital Tokens, Securities Reignites

Bank Innovation

EXCLUSIVE— Cryptocurrencies are experiencing one of their highest points in recent weeks, after remarks made by former financial regulator Gary Gensler brought back concerns that certain tokens should really be considered securities.

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

Estonia to Launch Government-Backed Cryptocurrency

Bank Innovation

Estonia, a small Northern European country bordering the Baltic sea and Gulf of Finland, wants its own official digital cryptocurrency. Cryptocurrency Exclusive cryptocurrency Estonia Ethereum ICOs

13 Questions to Cryptocurrencies From SEC

Bank Innovation

The Securities and Exchange Commission is telling investors to ask their cryptocurrency platforms 13 questions to weed out the “”potentially unlawful” ones. Cryptocurrency Exclusive Bitcoin Commodity Futures Trading Commission cryptocurrency securities and exchange commission

The Two Faces of Cryptocurrency in China

Bank Innovation

Compliance Cryptocurrency Exclusive Online Security Chinese cryptocurrency crytpocurrency.

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. Cryptocurrency Bitcoin Bitcoin regulation cryptocurrencies Russia

Fidelity Said to Offer Cryptocurrency Trading Within a Few Weeks

Bank Innovation

Bloomberg Commerce Cryptocurrency Exclusive Bitcoin bitfinex cryptocurrency E*Trade Financial Corp.

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. Compliance Cryptocurrency Exclusive Online Bitcoin China compliance cryptocurrency regulations

Cryptocurrency Exchange Bakkt Raises $182.5 Million Ahead of Delayed Launch

Bank Innovation

Bakkt, a cryptocurrency startup led by Intercontinental Exchange, scored $182.5 million to build out its futures trading platform for cryptocurrencies ahead of an anticipated, albeit delayed, launch in 2019.

Major Indian Bank HDFC Bans Cryptocurrency Purchase

Bank Innovation

EXCLUSIVE – HDFC (Housing Development Financial Corporation), one of India’s largest private sector banks has banned cryptocurrency purchases from its cards, both credit and debit. Cryptocurrency Exclusive Premium Bitcoin cryptocurrency HDFC Bank ICICI Bank India Reserve Bank of India

Coinbase Mulls Adding 30 New Cryptocurrencies

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Coinbase, a platform that allows users to buy, sell and store cryptocurrency, said it is considering adding 30 new cryptocurrencies to its roster for trading, according to a report. Coinbase has ambitious plans for cryptocurrencies.

Cryptocurrency Is an Asset Class, Chain CEO Adam Ludwin, says

Bank Innovation

EXCLUSIVE – Cryptocurrency is an asset class that enables a new kind of software, Adam Ludwin, co-founder and CEO of blockchain technology platform Chain said at the Bank Innovation 2018 conference in San Francisco. Cryptocurrency Exclusive Bitcoin cryptocurrency

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.

Is JPMCoin a cryptocurrency and what should SWIFT do about it?

Chris Skinner

Falsely labelled a cryptocurrency, loads of headlines emerged about JPM killing XRP, the currency of Ripple. Here’s a decent piece of … The post Is JPMCoin a cryptocurrency and what should SWIFT do about it?

Five At Five: Would Visa Support Cryptocurrencies?

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Today’s coverage includes the latest on how Visa views cryptocurrencies, and Expedia’s fresh plan to take on Airbnb. Visa Doesn’t View Cryptocurrency As a Business Threat. News acquisitions bank charter charge-offs commerce news cryptocurrency OC&C payments news Retail Visa

Japan Regulators Crack Down on 15 Cryptocurrency Exchanges

Bank Innovation

It’s not surprising that the Japanese government tighten its grip on cryptocurrency exchanges following a major hack a few weeks ago. Today, the Japanese government said it will start an inspection on 15 unlicensed cryptocurrency exchanges.

PayPal Focuses On Venmo, Not Cryptocurrency

Bank Innovation

EXCLUSIVE – Payments company PayPal might not see immediate value in cryptocurrency, but it's continuing to see more value in its P2P payments service Venmo, according to the company's Q1 earnings call yesterday.

When national currencies fail (cryptocurrencies rise)

Chris Skinner

… The post When national currencies fail (cryptocurrencies rise) appeared first on Chris Skinner's blog. Venezuela is the latest country to spin into hyperinflation, showing the same signs as the meltdown in Zimbabwe that created the 100 trillion dollar note.

Japanese Cryptocurrency Exchange Glitch Almost Leads to $20 Trillion Loss

Bank Innovation

It’s not a great time for Japanese cryptocurrency exchanges. Weeks after a major heist, another Japanese cryptocurrency exchange reported a huge disaster that allowed users to buy bitcoin for free. Cryptocurrency Exclusive Bitcoin Coinbase cryptocurrency

Facebook Likes Payments: Cryptocurrency, Not So Much

Bank Innovation

Cryptocurrency Exclusive Innovations Mobile Online Open Fintech Operations Payments PFM Social Media Belfius Bitcoin chatbot cryptocurrency Facebook Facebook banking Facebook Messenger ICOs Nordea Nuvo PayPal

Barclaycard Could be Next to Ban Cryptocurrency Purchase

Bank Innovation

or Barclaycard is looking to join Bank of America, Citi and Chase in banning cryptocurrency purchases on its Barclaycard, Bank Innovation has learned. “We Wilmore compared the cryptocurrency phenomenon […]. EXCLUSIVE – Barclays U.S.

Japanese Cryptocurrency Exchange BitFlyer Launches in the U.S.

Bank Innovation

Japanese cryptocurrency exchange bitFlyer is coming to the U.S. To put that into context, only three other cryptocurrency […]. Cryptocurrency Exclusive Bitcoin bitFlyer cryptocurrencies cryptocurrency Japan

Russian Cryptocurrency Designed to Evade Western Sanctions

Bank Innovation

Russia’s president Vladimir Putin has commissioned work on a state-run cryptocurrency that can circumvent other cryptocurrency sanctions around the world. The cryptocurrency is being called Cryptorouble. Cryptocurrency Exclusive BlockChain cryptocurrency Putin Russia

Ripple Leads Cryptocurrencies Lower

PYMNTS

Cryptocurrencies led by real-time gross settlement (RTGS) system Ripple’s XRP fell in trading Monday (Jan. While Ripple was soaring in trading in 2017, concerns have been mounting recently that it could be a bubble pressuring it and other cryptocurrencies. . Ripple News reported that Western Union was gearing up to embrace Ripple’s blockchain technology which made supporters of the cryptocurrency happy.

China’s Latest Ban Threatens All Cryptocurrencies

Bank Innovation

The price of bitcoin is down following a report that China may ban all cryptocurrency exchanges within its borders. Compliance Cryptocurrency Exclusive Bitcoin Caixin China Chinese Fintech cryptocurrency Ethereum

Uruguay’s Central Bank to Lauch Pilot Program for Cryptocurrency

Bank Innovation

The Banco Central del Uruguay (BDC) said that it has engaged a focus group to test the transfer of cryptocurrency funds via a mobile-based app. Cryptocurrency Exclusive Mobile Bitcoin BlockChain cryptocurrencies cryptocurrencyUruguay’s central bank is testing out its own digital currency, joining a growing group of other nations doing the same.

Cryptocurrency Investment Firm Bitwise Raises $4 Million

Bank Innovation

Cryptocurrency investment firm Bitwise today raised $4 million in seed funding. Based in San Francisco, Bitwise is an investing fund that focuses on the top 10 cryptocurrencies by market […].