PYMNTS

FEBRUARY 23, 2020

Binance , Nigeria’s cryptocurrency market, has seen sign-ups surge 50 percent so far in 2020. Nigeria has latched on to the cryptocurrency trend, boasting 35 million unbanked adults who possess mobile phones, the vast majority being women. Fraud has become a concern with cryptocurrency around the world.

Operations 151

Operations Fraud Capital Marketing 151

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. 10, 2020 if they wish to continue to operate there.

National 109

National cryptocurrency Policies Regulation 109

PYMNTS

DECEMBER 9, 2020

BitPay , a cryptocurrency payments firm, has filed to become a national bank in the U.S., BitPay has filed with the Office of the Comptroller of the Currency (OCC) to set up a federally regulated bank called the BitPay National Trust Bank, which will be headquartered in Georgia.

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US National Georgia cryptocurrency 324

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.”

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

AUGUST 28, 2019

While our industry is accustomed to cryptocurrencies operating 24/7/365 (like email), fiat currencies have for the most part remained shackled to ‘banking hours’ or ‘business hours.’ The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

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PYMNTS

MARCH 3, 2020

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Two Chinese Nationals Charged With Laundering $100M In Crypto.

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Apple National cryptocurrency Payments 132

PYMNTS

AUGUST 13, 2018

Blanco told a conference last week that FinCEN, which operates as part of the Treasury Department, sees as cryptocurrency gains traction. Over the past few years, he stated FinCEN has issued a number of rules that have helped clarify how firms should operate within cryptocurrency spheres. States’ Rights?

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PYMNTS

MAY 20, 2020

Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). ” The firms will cross-market each of their travel services as the initial step of the merger.

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Bitcoin blockchain Operations cryptocurrency 131

PYMNTS

FEBRUARY 20, 2019

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. which aims to improve productivity in its trade operations by testing modules, such as Receivable Finance and Payment Commitment (Payment Undertaking),” said the release.

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National blockchain Cleveland cryptocurrency 161

PYMNTS

MARCH 19, 2018

In an interview with The Financial Times , Sarker said Mastercard would be willing to facilitate if the coin in question was a national cryptocurrency that was legitimate and was used as a national digital currency issued by central banks. “If The pilot] is a toe in the water; we’re fully cognizant of the reputational risk.”.

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National cryptocurrency Bitcoin blockchain 103

PYMNTS

SEPTEMBER 24, 2020

24), could put digital currency exchanges under one national structure, CoinDesk reported. The legislation describes a new structure for cryptocurrencies, which would provide them with a treatment like those of commodities with the Commodities Exchange Act. The Digital Commodity Exchange Act of 2020, which was proposed by a U.S.

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National Report Taxes Bitcoin 121

PYMNTS

DECEMBER 3, 2019

Decentralized cryptocurrency exchange (DEX) CryptoBridge is shutting down. The exchange posted an announcement on its website to inform users that its services and servers will cease operations after December 15. While users can withdraw funds from the exchange until then, deposits will be closed after December 3. “We 10 deadline.

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Bitcoin Operations social media Georgia 131

Perficient

NOVEMBER 8, 2021

I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: You played a variety of roles at City National Bank. What does the future hold for cryptocurrency? Cryptocurrencies will play a major role in this.

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Industry cryptocurrency New Mexico Los Angeles 539

PYMNTS

AUGUST 29, 2018

In other news, the Alabama Securities Commission (ASC) is working on “Operation Cryptosweep” with the North American Securities Administrators Association, AL.com reported. In addition, the operation has caused 47 enforcement actions to come to pass since it started in May.

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Alabama Operations Bitcoin cryptocurrency 100

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

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S. Cryptos also help bad actors avoid sanctions.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

SEPTEMBER 5, 2019

In China, the central bank will debut a state-backed cryptocurrency that initially will be issued to seven institutions in that country, Forbes reported this week. A separate source told the publication that an eighth firm, unidentified, might also be tapped to receive the cryptocurrency, which could debut in time for China’s Nov.

cryptocurrency 245

cryptocurrency Policies social media United States 245

PYMNTS

MARCH 3, 2020

The appointed organizer for the initiative, SFB Technologies, tapped the Algorand protocol because of its scalability, speed, security and its “ability to effectively implement required compliance controls and the transaction finality needed for a national currency.” in the fall of 2019.

ATM 168

ATM Bitcoin National Miami 168

PYMNTS

NOVEMBER 1, 2020

number of big crypto custodians like Anchorage, Coinbase, and a number of others, have been contacted by banks about whether they’d be willing to be like the third-party custody providers for national banks whose customers want to invest in bitcoin,” he said, according to CoinDesk. “Well, what I have heard.a

Bitcoin 212

Bitcoin cryptocurrency Fintech US 212

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

National 133

National Training Bitcoin Samsung 133

PYMNTS

SEPTEMBER 30, 2019

Venezuela ’s central bank is getting ready to pull the trigger on cryptocurrency payments. President Nicolas Maduro said in a televised press conference that the government will be using cryptos as a “method for free national and international payments.”. Venezuela is working within the cryptocurrency world.”.

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Perficient

DECEMBER 27, 2023

This particular scam involves criminals building trust with victims in digital relationships before persuading them to invest in cryptocurrency platforms, ultimately leading to financial losses. Other, traditional financial crime risks, especially fraud, continue to demand banks’ vigilance.

Compliance 221

Compliance FDIC Regulation Fraud 221

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. This in the wake of the OCC’s Sept. But this trend toward crypto doesn’t stop there.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

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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Guidelines cryptocurrency blockchain National 213

PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

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.

Bitcoin 187

Bitcoin cryptocurrency National Regulation 187

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 30, 2020

Pizza Hut will now accept cryptocurrency as a form of payment at its stores in Venezuela, Cointelegraph reported. 27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. billion) from more than 2.6

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Bitcoin cryptocurrency ATM America 168

Abrigo

MAY 12, 2022

Takeaway 2 In 2021, ransomware, business email compromise (BEC) schemes, and cryptocurrency crime were among the top incidents reported. As evidenced by recent attacks on the nation's fuel and food supplies, ransomware is a particularly acute concern. billion, a 7% increase over 2020. we can help. currently faces.

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PYMNTS

DECEMBER 21, 2020

Italian police charged the former head of cryptocurrency exchange BitGrail, identified by the initials of “F.F.,” cryptocurrency exchange Exmo reported a “major” security breach on Mon. with money laundering, fraudulent banking and computer fraud, Reuters reported. “It They allege that F.F. Meanwhile, U.K.

blockchain 206

blockchain Bitcoin Fraud Report 206

PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. 9) announcement. DCG first backed the company six years ago during its seed round. “We

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PYMNTS

MAY 28, 2020

Halving also doubled the cost of mining, which saw inefficient miners ceasing operation. South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. South Korea attempted to impose taxation on cryptocurrency early in 2020.

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Taxes Bitcoin cryptocurrency blockchain 142

PYMNTS

AUGUST 22, 2019

Treasury is looking at numerous cryptocurrency addresses and people associated with them as part of the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act, Cryptovest reported on Thursday (Aug. Any addresses deemed to be associated with foreign narcotics operators are added to the Specially Designated Nationals (SDN).

United States 116

United States cryptocurrency US Bitcoin 116

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.

Bitcoin 173

Bitcoin cryptocurrency Regulation System 173

PYMNTS

JULY 9, 2019

The head of Facebook ’s new cryptocurrency project, Libra , is defending the company in a letter to Rep. With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” she wrote. Libra is about a big idea,” Marcus wrote.

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cryptocurrency CA Regulation blockchain 122

PYMNTS

NOVEMBER 18, 2020

18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. While the digital coin has been going through waves in its price point, some analysts and cryptocurrency fans said they think the trajectory is uphill. Bitcoin has continued to rise, hitting $18,172 Wednesday morning (Nov. Eastern Time.

Bitcoin 151

Bitcoin Report cryptocurrency Security 151

PYMNTS

JUNE 19, 2019

The G7 wants to create a working group that will investigate how to make sure that there are proper controls against the threat of money laundering with cryptocurrencies as well. Also participating in the working group will be the International Monetary Fund.

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