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.

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PYMNTS

MARCH 14, 2018

” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. Earlier this week, the head of the International Monetary Fund (IMF) described this dichotomy as the “peril that comes along with the promise” of cryptocurrencies.

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blockchain cryptocurrency Regulation Taxes 129

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

JULY 14, 2019

Japanese authorities have formed a task force to study the impact of Facebook’s proposed cryptocurrency , Libra, according to reports. The group’s goal is to work on policies that will deal with how Libra is going to affect payments, monetary policy, regulation and taxes. He said he believes that Libra is “a big mistake.”.

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PYMNTS

AUGUST 2, 2019

In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ). Those who do not comply will face penalties ranging from 100 to 500 Brazilian reais or from $25 to $130, according to Cointelegraph.

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blockchain Fraud Data Report 148

PYMNTS

JANUARY 11, 2021

For its part, Paxos describes itself as a regulated financial institution that builds infrastructure to enable movement between physical and digital assets. Put another way, it's the company that made it possible for PayPal’s recent announcement that it would allow its users to buy, sell and hold cryptocurrency. “So It doesn’t stop.

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blockchain Bitcoin Regulation System 193

PYMNTS

OCTOBER 23, 2019

House Committee on Financial Services to both promote and defend Libra, the would-be cryptocurrency backed by Facebook and the Libra Association. The financial industry is stagnant, and there is no digital financial architecture to support the innovation we need. It’s an upward climb, after all, for Facebook — specifically for Libra.

cryptocurrency 100

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PYMNTS

OCTOBER 23, 2019

House Committee on Financial Services to both promote and defend Libra, the would-be cryptocurrency backed by Facebook and the Libra Association. The financial industry is stagnant, and there is no digital financial architecture to support the innovation we need. It’s an upward climb, after all, for Facebook — specifically for Libra.

cryptocurrency 100

cryptocurrency Regulation Taxes Data 100

PYMNTS

OCTOBER 18, 2019

The Logic was the first to report that the country’s central bank is investigating both opportunities and challenges focused on the project, with some believing that creating a public central bank digital currency (CBDC) could help tackle direct threats related to cryptocurrency.

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cryptocurrency Taxes Compliance Regulation 102

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

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Fraud Survey Taxes Regulation 115

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Financial regulators may want to begin looking at not only regulating blockchain, but how blockchain can help in their own regulatory efforts — in this case, to ensure proper safeguards and controls in the banking sector.

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PYMNTS

APRIL 2, 2018

Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. As has been widely reported, some of those social media sites have been limiting access for cryptocurrency firms.

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United States social media Arizona cryptocurrency 110

Bank Innovation

FEBRUARY 20, 2018

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.

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cryptocurrency Taxes Bitcoin Regulation 240

PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Technological Innovation. Compliance is still a major challenge.

Payments 127

Payments Compliance Taxes Technology 127

PYMNTS

MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., Because he believes there should be proper protection and regulation over them. How Bill Clinton’s administration dealt with the Internet in order to ensure it was not over-regulated. Fair point.

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PYMNTS

SEPTEMBER 9, 2016

Tyler and Cameron, who both studied economics at Harvard, are now CEO and president, respectively, of Gemini , a cryptocurrency exchange. Since falling in love with bitcoin, the Winklevoss brothers have invested in several cryptocurrency hardware and software firms to build their bitcoin exchange.

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Bitcoin cryptocurrency Security Taxes 100

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. And one that should be every innovator’s anthem: “ Well done is better than well said.”. Three things that today seem more like talk than truly transformative innovations. Then, there are the claims being made by innovators about its potential. Benjamin Franklin.

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PYMNTS

OCTOBER 14, 2016

Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind.

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Tomorrow's Transactions

NOVEMBER 5, 2014

The topic of AML came up time and time again in the discussions around Money2020 in Las Vegas, whether in the sessions about cryptocurrency or remittances or innovation or anything else. From Worldwide Anti-Money Laundering Regulation: Estimating Costs and Benefits by Donato Masciandaro, Raffaella Barone :: SSRN ].

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PYMNTS

JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But if the road to stablecoins is getting clearer, don’t expect rush-hour traffic on that road yet, cautioned Allaire.

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Regulation US Payments Compliance 253

Tomorrow's Transactions

JANUARY 20, 2016

It might be considered reckless to disagree with the Chief Scientific Adviser, but on one matter I certainly do as the report refers a number of times to the use of bitcoin in a payments context but I just do not see this and, as I’ve written before , I certainly do not see cryptocurrency as a sensible government option for digital currency.

blockchain 39

blockchain Bitcoin Technology Report 39

South State Correspondent

JULY 25, 2022

We have poured through the recent 2Q earnings releases, spoken with a rash of institutional bank investors, traded thoughts with analysts, and compiled the following list of concerns that bank stakeholders (employees, shareholders, vendors, and regulators) now have. Has the bank felt any runoff in deposits after adjusting for tax payments?

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Bussman Advisory

FEBRUARY 21, 2018

This in turn gives them more time for their real job: innovation. While regulators around the world have generally been attentive to the rise of ICOs, and have worked hard to understand them, there are still a number of thorny legal and regulatory issues to be addressed.

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FICO

MARCH 6, 2020

Finally, the suite includes comprehensive Tax Compliance & Reporting capabilities to support FATCA and CRS requirements. Financial crimes compliance has often been seen as a mere cost-center activity, and a “check-the-box” exercise to keep auditors and regulators satisfied. Why is Anti Financial Crime so important? In the U.S.

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PYMNTS

JULY 15, 2019

It has been about a month since Facebook pulled back the curtain on its vision for Libra – a blockchain-backed cryptocurrency with the lofty aim of connecting the 1.7 And regulators in the U.S. But will regulators want to come to the table – or is it more likely they will want to shut it down? The Regulators React (Badly) .

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Fintech Labs Insights

AUGUST 14, 2015

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 VAT tax refund solution . Source: NW Innovation. Latest round: $33 million Series A.

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New York City Company Fintech New York 12

PYMNTS

JULY 1, 2016

But if the Winklevosses receive that approval and their Gemini bitcoin exchange gets SEC approval, it would be the first regulated bitcoin-related investment vehicle of its type. A startup in Singapore offering bitcoin exchange and cryptocurrency services just secured another major round of funding. Bitcoin Exchange Scores VC Support.

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