Bank Innovation

DECEMBER 7, 2017

cryptocurrency exchange bitFlyer wants to bridge the trading gap between two of the world’s largest bitcoin markets. is the second biggest market,” Bartek Ringwelski, chief operating officer […]. EXCLUSIVE — With its recent launch in the U.S.,

cryptocurrency 236

cryptocurrency Bitcoin Operations Marketing 236

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

Regulation 129

Regulation social media cryptocurrency United States 129

PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. They reportedly held the funds in a way that would've mandated regulation under Brazilian law, with which Fagundes and the others allegedly didn't comply.

Fraud 234

Fraud cryptocurrency Regulation Operations 234

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

Bank Innovation

JANUARY 8, 2018

Card provider Visa has dropped WaveCrest, a company that issued cryptocurrency-linked debit cards, from its network. WaveCrest, which granted physical debit cards linked to cryptocurrency wallets to its users in Europe, violated Visa’s operating regulations, according to a statement the company gave to CNBC last week.

cryptocurrency 285

cryptocurrency Cards Regulation Operations 285

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. British challenger bank Revolut has submitted a banking license application to the U.K.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

DECEMBER 2, 2020

Facebook's cryptocurrency project on Tuesday (Dec. Diem Networks will operate the actual payments system, which will oversee a new currency called the Diem Dollar. “We Goodbye Libra and hello Diem. 1) unveiled a new name as it seeks to put some distance between itself and its powerful but controversial Big Tech sponsor.

cryptocurrency 156

cryptocurrency Regulation Compliance System 156

Bank Innovation

SEPTEMBER 26, 2017

Several banks in Singapore have closed the accounts of an estimated 10 firms specializing in cryptocurrency and payments services.

cryptocurrency 150

cryptocurrency blockchain Fintech Industry 150

PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

Regulation 116

Regulation social media cryptocurrency Capital 116

PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. user ban.”.

Regulation 169

Regulation cryptocurrency Groups Innovation 169

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199

PYMNTS

DECEMBER 27, 2020

In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. bitcoin has become available at over 16,000 ATMs in December of this year, a press release from East London-based cryptocurrency company BitcoinPoint says. The price of bitcoin has passed $28,000 on Sunday (Dec.

Bitcoin 254

Bitcoin Miami cryptocurrency ATM 254

PYMNTS

SEPTEMBER 26, 2018

The initial coin offering (ICO) has emerged as a corporate financing trend just as volatile as many of the cryptocurrencies themselves. It marked the first drop in ICO funding in more than a year, according to Bloomberg reports, citing a correlation between ICO funding declines and drops in cryptocurrency values. This week, U.S.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. SPDIs may focus on traditional assets as well.” ”

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Might that pave the way for the emergence of cryptocurrency ETFs?

cryptocurrency 134

cryptocurrency Bitcoin Regulation Retail 134

PYMNTS

SEPTEMBER 10, 2019

The Geneva-based, Facebook-led Libra cryptocurrency will have to adhere to stringent regulations, Reuters reported on Tuesday (Sept. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker told Geneva reporters that all cryptocurrency projects operating in the U.S.

cryptocurrency 109

cryptocurrency blockchain Meeting Regulation 109

PYMNTS

OCTOBER 30, 2018

Coinbase, the cryptocurrency exchange operator, has raised a fresh round of funding that gives it a valuation of more than $8 billion. The latest round of funding implies investors are still interested in the cryptocurrency market despite the steep declines in the price of many of the digital tokens. ”

cryptocurrency 181

cryptocurrency Regulation Management Innovation 181

CFPB Monitor

JULY 27, 2020

cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” It makes the “suggestion” to confer first with the OCC before onboarding any cryptocurrency clients. The key phrase above is “any lawful business.” The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

JANUARY 7, 2020

For a country that is striving mightily to go digital when it comes to financial services, it may be a bit curious that Qatar has seemingly put the brakes on cryptocurrencies. The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As was reported Monday (Jan.

cryptocurrency 132

cryptocurrency Bitcoin blockchain Course 132

PYMNTS

OCTOBER 18, 2018

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. The SBA said it hopes the guidelines will encourage FIs to service these industry players and keep blockchain innovation within Switzerland. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

PYMNTS

JUNE 18, 2020

VMware Head of Cybersecurity Strategy Tom Kellermann said that extremist groups, beyond organized crime, are known to harness alternative payments infrastructure to fundraise and for “operational purposes.” This raises the necessity of increased regulation of digital money,” he said, per the outlet.

Bitcoin 141

Bitcoin blockchain Payments Risk Management 141

PYMNTS

DECEMBER 11, 2019

The New York State Department of Financial Services (DFS) is proposing revised rules for the listing of new virtual currencies and will review the state’s BitLicense , the regulator announced in a press release on Wednesday (Dec. DFS Superintendent of Financial Services Linda A. Comments are due on Jan.

New York 132

New York Regulation cryptocurrency Meeting 132

PYMNTS

DECEMBER 5, 2018

Cryptocurrency exchange ErisX announced that it has raised $27.5 The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. A new document shows that the U.S.

blockchain 166

blockchain Bitcoin cryptocurrency Analysis 166

PYMNTS

MARCH 4, 2020

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. 10, with new regulations for cryptocurrencies, wallets and exchanges.

US 130

US Regulation cryptocurrency Resources 130

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators. About The Tracker .

Video 211

Video Report Meeting United States 211

PYMNTS

AUGUST 6, 2018

Starbucks is not accepting cryptocurrencies as a payment method, despite media reports that alluded to that. However, we will continue to talk with customers and regulators as the space evolves. […] Customers will not be able to pay for Frappuccinos with bitcoin.”. dollars for use at Starbucks. dollars for use at Starbucks. “As

Bitcoin 101

Bitcoin Payments cryptocurrency Regulation 101

PYMNTS

NOVEMBER 15, 2020

The BoE is among the global regulators looking at how to deal with digital currencies, which have become more of a clear prospect for the near future as the pandemic keeps people away from physical spaces. He said it has "huge implications" on payments as well as the general way society would operate.

Innovation 259

Innovation National Regulation Report 259

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. They saw a greenfield waiting to be planted.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

JULY 2, 2018

Citing anti-money laundering rules and other regulations, traditional banks in Switzerland have often refused to operate accounts for crypto companies. Switzerland isn’t the only country putting plans for a national crypto on hold.

cryptocurrency 101

cryptocurrency National Regulation Conference 101

PYMNTS

FEBRUARY 26, 2019

federal law enforcement agencies have recovered $110,000 worth of stolen bitcoin, and returned it to cryptocurrency exchange Bitfinex. Meanwhile, South Korean cryptocurrency exchange Coinbin has declared bankruptcy after losing millions of dollars due to “increased debt” and “government regulation.” That amount — totaling 27.7

Bitcoin 109

Bitcoin blockchain Report cryptocurrency 109

PYMNTS

JULY 12, 2018

The government of India is not looking to ban crypto assets, despite recent central bank policy that has told banks to not service accounts of coin market operators, Cryptovest reported. Beyond Delaware, the popular cryptocurrency has been payment for homes in other areas of the U.S., On another note, a $1.75 On another note, a $1.75

Bitcoin 104

Bitcoin Delaware cryptocurrency Regulation 104

PYMNTS

AUGUST 3, 2018

In potentially big bitcoin news, Starbucks is involved in a project that could help cryptocurrency holders spend their digital coins: The coffee chain said it is among the companies that will work with Intercontinental Exchange ’s planned digital asset company, dubbed Bakkt.

Bitcoin 105

Bitcoin cryptocurrency Apple Payments 105

PYMNTS

NOVEMBER 15, 2019

Users of Facebook Pay , which the company said is not related to its proposed cryptocurrency Libra, will be able to enter a preferred payment method and then use the option to eventually pay throughout all of the related apps. Amazon To Build $40M Robotics Innovation Hub Near Boston. Deutsche Bank told U.K. Money Laundering Epidemic.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

NOVEMBER 23, 2017

22) on the sidelines of a financial innovation conference hosted by Thomson Reuters. While other countries are warning against cryptocurrency and initial coin offerings (ICOs), Japan has been embracing digital currency and has become a leader in the FinTech market. Other government regulations in the U.S., Russia, U.K.

Bitcoin 101

Bitcoin cryptocurrency blockchain Training 101

Bank Innovation

OCTOBER 31, 2017

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. The announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300.

Bitcoin 255

Bitcoin Groups Regulation Operations 255

PYMNTS

OCTOBER 14, 2017

We have come to spread the goods news of the latest financial services innovation. In the ever-proliferating wave of cryptocurrencies and ICOs, Wu-Tang Clan’s Ghostface Killah hopes to raise $30 million in a digital coin sale in November of this year. What does Ghostface Killah know about financial services or cryptocurrency?

cryptocurrency 148

cryptocurrency North Carolina blockchain ATM 148