Perficient

MAY 25, 2023

Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities. The significance of this is two-fold.

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PYMNTS

OCTOBER 2, 2018

The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. When any venue tolerates manipulative or abusive conduct, the integrity of the entire market is at risk,” the report said.

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PYMNTS

JANUARY 16, 2020

s Financial Conduct Authority (FCA) took the reins on oversight of cryptocurrency asset oversight — specifically, oversight of anti-money laundering (AML) and counter terrorist financing (CTF) activities. The latest moves come after a ban on certain cryptocurrency related activities in July of last year. Earlier this month, the U.K.’s

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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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PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. FIs themselves struggle with fully understanding how this industry operates, too. As Karalevi?ius

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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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Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Today’s pig butchering scams usually involve investment schemes and cryptocurrency fraud. Would you like other articles like this in your inbox?

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PYMNTS

JANUARY 29, 2018

Following the theft of $530 million in NEM tokens from Coincheck last week, governments will likely call for more cryptocurrency regulation and investors may turn to peer-to-peer (P2P) methods of trading instead of centralized exchanges, Bloomberg reported.

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PYMNTS

JUNE 20, 2019

Facebook’s Libra cryptocurrency and Calibra digital wallet won’t be available in certain markets. A Calibra spokesperson told reporters that the digital wallet will not available in a number of markets that are against cryptocurrency, or that have been sanctioned by the United States. Calibra won’t be available in U.S.-sanctioned

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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.

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PYMNTS

FEBRUARY 14, 2018

government determines its best approach to cryptocurrency regulation, a commissioner with the Commodity Futures Trading Commission (CFTC) is advising crypto companies to self-regulate. As a result, the futures exchanges have to be on the lookout for potential manipulation in the market and for big drops or outages.

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PYMNTS

JULY 2, 2018

Just a few weeks in, the data privacy law that has just taken root in the European Union already has some regulators seeking exemptions around the globe. Pertaining to investigations, the regulation – which took effect on May 25 – places restrictions on the data that can be shared internationally in the “public interest.”

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PYMNTS

JUNE 27, 2019

The head of Germany’s Federal Cartel Office said on Thursday (June 27) that cryptocurrency backed by large tech companies could be put under a microscope by antitrust regulators, according to a report by Reuters. Many bankers and financial analysts voiced concern that the new currency could alter the global financial framework.

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The Paypers

NOVEMBER 3, 2020

Hong Kong-based markets watchdog has announced to regulate all cryptocurrency trading platforms operating in the financial hub, according to Reuters.

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PYMNTS

OCTOBER 12, 2020

billion as of a funding round from last February, and the company is one of the new kinds of financial institutions operating in the digital realms and seeking to become a traditional institution. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S., Revolut is valued at $5.5

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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. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To

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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. Chinese Regulator Fines Luckin, 43 Other Companies In Fraud Case. The regulator said on Tuesday (Sept.

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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.

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PYMNTS

OCTOBER 12, 2020

regulators cracked down on the firm Oct. regulators not coming as a surprise. The money will be used to help Aave expand into the Asian market, and help it achieve more institutional adoption. Mishra said he’d already been seeing the “Wild West”-like nature of the crypto derivatives space, with the new activity from U.S.

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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

MAY 6, 2020

Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. Cryptocurrency still isn’t recognized by the Central Bank of Ireland as a legitimate form of payment.

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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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Bobsguide

JUNE 12, 2018

Early this year, in a concerted effort to clamp down on fraudulent firms operating in the cryptocurrency and blockchain market, officials at the US Securities and Exchange Commision (SEC) and the Commodity Futures Trading Commission (CFTC) teamed up. Since joining forces, the regulators have made.

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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

OCTOBER 27, 2020

UNICAS, as the joint venture is known, will create the first “crypto-friendly financial institution” with brick-and-mortar buildings and operations. UNICAS will begin operations this December, according to the post. The Monetary Authority of Singapore will reportedly regulate the platform.

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PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Perhaps the most poignant moment in this evolution came about last week when JPMorgan Chase announced the development of the JPM Coin, the first bank-backed cryptocurrency in the U.S.,

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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 public comment period ends on May 7, reported Reuters.

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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. ICO market.”

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PYMNTS

MARCH 15, 2020

The New York Department of Financial Services ( NYDFS ) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in the face of the coronavirus epidemic. COVID-19 has already had adverse economic effects domestically and globally.

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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?

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PYMNTS

DECEMBER 18, 2019

A new form of cryptocurrency, called Saga, launched this week , with an eye toward answering some of the looming questions about the form. According to Ido Sadeh Man, founder and president of Saga, the idea is to create a “stabilization coin” that operates on a “variable fractional reserve system.” billion USD).

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PYMNTS

MARCH 30, 2018

And, in China, the country’s central bank is planning on cracking down on cryptocurrencies this year, Reuters reported. In addition, the bank plans to research and develop its own cryptocurrency. And a new cryptocurrency called Chia has raised more than $3 million – without an initial coin offering (ICO), NewsBTC reported.

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PYMNTS

JANUARY 27, 2020

Australia is pushing ahead with a cryptocurrency exchange in Singapore, according to the Independent Reserve on Friday (Jan. Przelozny referenced “a number of positive moves by Singaporean regulators” as part of his reasoning. AT&T says a lawsuit over a $1.8 million crypto hack fails to show how the U.S.

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PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. This might disrupt transaction banking and financial market intermediation.”. The proposed currency has been on the minds of many regulators lately.

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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

AUGUST 26, 2019

The US Federal Trade Commission announced that the promoters of recruitment-based cryptocurrency schemes have been permanently banned from operating or participating in any multi-level marketing program. million (£900,000) in cryptocurrency after carrying out attacks on several companies including Uber, Sainsbury’s and Groupon.

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PYMNTS

AUGUST 23, 2020

21) to operate a virtual asset trading platform, according to a press release. Once the approval is finalized, the license will allow it to work in dealing in securities and as an automated trading service (ATS), regulated under Hong Kong's Securities and Futures Commission (SFC).

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