PYMNTS

SEPTEMBER 12, 2019

There are many forms of nationalism. Ethnic nationalism. Cultural nationalism. Now comes cryptocurrency nationalism? Coindesk reported this week that, in the Netherlands, cryptocurrency firms based outside of Europe may “get the boot” amid new regulations. It’s a really nice step.

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National cryptocurrency Policies Regulation 109

PYMNTS

JANUARY 18, 2018

Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. The cryptocurrency platforms in the U.S. government will also urge other countries to implement more regulation of cryptocurrencies.

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cryptocurrency Bitcoin United States National 117

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” The key phrase above is “any lawful business.”

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BankBazaar

NOVEMBER 18, 2022

Over the past few years, the sharp rise of cryptocurrencies has attracted investors from all over the world who want to diversify their portfolios and earn high returns. However, the impact of higher interest rates in the past year has impacted the cryptocurrency market, leading to a significant sell-off.

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PYMNTS

JANUARY 25, 2021

Officials have until April 1 to divest from any foreign cryptocurrencies, although they won’t be required to report any crypto holdings for the year 2020, the report stated. In other news, in an attack on Indian cryptocurrency exchange BuyUCoin , hacker group ShinyHunters leaked the private information of over 325,000 users, Inc42 reported.

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Bitcoin cryptocurrency Data National 261

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3

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cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

SEPTEMBER 24, 2020

24), could put digital currency exchanges under one national structure, CoinDesk reported. According to a summary of the bill, as cited by CoinDesk, “the proposed legislation builds on the existing commodity market practices required of Futures Commission Merchants (FCMs) to protect customer assets.”. representative Thursday (Sept.

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National Report Taxes Bitcoin 121

PYMNTS

JUNE 29, 2020

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.

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PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

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PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions. SEN allows our institutional customers to deposit and withdraw U.S.

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PYMNTS

FEBRUARY 9, 2018

The world’s first ICO regulations are coming, care of Gibraltar. The rapid global proliferation of initial coin offerings has become an issue of mounting concern among regulators and central banks around the world – in particular, the growth of ICOs has fueled massive growth in the cryptocurrency market in general.

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The Paypers

JULY 18, 2022

The Reserve Bank of India (RBI), the country’s national bank, has discussed the future of virtual digital assets, indicating a strong regulation or total ban of cryptocurrencies in the world’s second largest Internet market.

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PYMNTS

SEPTEMBER 23, 2020

Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms. 21), noting that it would offer an alternative to private cryptocurrencies. The idea of a digital token has been touted by a number of nations and firms lately. The regulator said on Tuesday (Sept.

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PYMNTS

APRIL 9, 2019

According to a report in Reuters , citing China’s state planner, the National Development and Reform Commission, the agency is facing mounting pressure from the government to control the cryptocurrency market and as a result, may move to ban bitcoin mining. The list was first made back in 2011, noted the report.

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Bitcoin cryptocurrency National Regulation 187

PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect.

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PYMNTS

OCTOBER 18, 2018

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. Part of the initiative includes the SBA’s guidelines to the nation’s traditional financial services market on how to service these industry players while maintaining compliance.

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PYMNTS

MARCH 5, 2020

The idea of tapping into the blockchain to support a digital property market isn’t entirely novel. The South Korean National Assembly passed new legislation that would lay the groundwork for the legalization and regulation of digital currency as well as digital currency exchanges. residents without its clearance.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.

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PYMNTS

NOVEMBER 12, 2018

Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency. In an effort to protect its residents from crypto scams, the Central Bank of the Bahamas (CBOB) has released a regulatory framework before it integrates cryptocurrency-based assets into its services.

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Marketing cryptocurrency social media blockchain 179

PYMNTS

JULY 11, 2019

Federal Reserve called for a stop to Libra , Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going to address issues like money laundering and privacy, according to a report by Reuters. Other cryptocurrencies, like Ethereum and Ripple, saw similar slumps. The chairman of the U.S.

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PYMNTS

SEPTEMBER 17, 2020

Two individuals from Russia who were recently sanctioned by the Treasury Department purportedly put into place copycat websites for cryptocurrency exchanges that that tricked people into providing login information, CoinDesk reported. But they have grown in popularity in markets that are not stable.

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Bitcoin ATM Security cryptocurrency 178

PYMNTS

MARCH 23, 2018

To take stock of the cryptocurrency market, take stock? News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. After a fashion.

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PYMNTS

JUNE 25, 2019

The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker , the committee will meet July 17 to examine Facebook’s proposed cryptocurrency and its impact on consumers, investors, and the U.S.

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PYMNTS

FEBRUARY 15, 2018

He said that in his own state of Washington, state regulators have been looking at those issues for some time to determine the possibility of some sort of reciprocity or sharing of information. “It The pilot being run with those initial seven states will provide some answers for how state regulators can streamline the process.

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Washington Regulation Conference Fintech 101

PYMNTS

MAY 22, 2020

The think tank’s founding members encompass financiers, policymakers, regulators and technologists in addition to select firms such as Cypherium. The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces.

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Regional Bitcoin cryptocurrency National 161

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Why real estate? In 2017, over 5.51

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Chris Skinner

MAY 26, 2017

I’m being asked this a lot as the value of bitcoin and other cryptocurrencies have increased ten-fold in the past few weeks. There are a range of factors driving the rise in cryptocurrency prices, particularly the craze for Initial Coin Offering (ICOs). Good for those who have some. Bemusing for those who don’t.

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Bitcoin cryptocurrency Regulation blockchain 256

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. If crypto closes down in one place, users can take their anonymous accounts to more regulatory-friendly markets.

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PYMNTS

OCTOBER 25, 2019

members of GFIN will seek to advance financial and market integrity, consumer and investor protection, financial inclusion, competition, and financial stability. financial regulators represent the interests and needs of the nation and its financial services stakeholders,” according to a statement.

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Colorado Regulation Innovation Wyoming 102

PYMNTS

JANUARY 4, 2019

The new year has dawned with India’s government stating that it is eyeing cryptos with “due caution” and that there are no “clear recommendations” as to cryptocurrencies. And, as newbtc.com reported , there no longer are plans for the Reserve Bank of India to launch a national digital currency.

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PYMNTS

DECEMBER 26, 2019

BitOoda founder and CEO Tim Kelly said in the announcement, “I am thrilled by the explosion of interest in BitOoda’s unique business model, and the recognition of our pioneering success in bringing new, sophisticated products to the digital asset market.”.

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PYMNTS

MAY 22, 2020

The think tank’s founding members encompass financiers, policymakers, regulators and technologists in addition to select firms such as Cypherium. The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces.

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Regional Bitcoin cryptocurrency National 140

PYMNTS

APRIL 20, 2020

Two law researchers say regulators should take the cryptomarket into serious consideration, according to an Oxford Law blog post. And they noted that many studies find a weak correlation or no correlation between the cryptomarket and the stock market. As a result, investors might find a safe haven in them.

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CFPB Monitor

AUGUST 31, 2022

On August 10, 2022, four Senators, Elizabeth Warren (D-MA), Dick Durbin (D-IL), Sheldon Whitehouse (D-RI), and Bernie Sanders (I-VT), sent a letter to Acting Comptroller of the Currency Michael Hsu, asking him to reverse four interpretive letters regarding whether it is permissible for national banks to provide cryptocurrency services.

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cryptocurrency National Fraud Regulation 78

PYMNTS

JUNE 19, 2019

Facebook is facing more opposition regarding its cryptocurrency , with Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, calling for a moratorium on the digital currency. Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data.

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cryptocurrency CA blockchain Regulation 111

PYMNTS

JUNE 25, 2019

Randal Quarles, chair of the Financial Stability Board (FSB), said there won’t be a specific item on the agenda about Facebook’s Libra at the G20 summit in Japan, but that regulators will need to closely watch the proposed cryptocurrency, according to a report by Reuters.

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cryptocurrency Regulation Capital Meeting 108

PYMNTS

SEPTEMBER 16, 2019

Global central bank officials met with leaders from both Facebook’s Libra Association and JPMorgan to discuss policies and regulation around new cryptocurrencies, the Bank for International Settlements (BIS) said in a press release on Monday (Sept. Fnality International was also questioned about its coin.

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