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.

cryptocurrency 166

cryptocurrency social media Regulation Meeting 166

PYMNTS

SEPTEMBER 16, 2019

Calibra CEO David Marcus, who’s heading up the organization pushing the proposed Facebook cryptocurrency Libra, has taken to social media to dispel the idea that the crypto is a danger to the status quo of the global economy, according to reports. . Money, he said, will “strictly remain the province of sovereign Nations.”.

social media 156

social media National Regulation Payments 156

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.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

SEPTEMBER 18, 2019

Before it publicly released its plans for Libra, Facebook met with the Finance Ministry, the central bank and regulators in the U.K. about the proposed cryptocurrency, according to Reuters. . Engaging with regulators, policymakers, and experts is critical to Libra’s success,” a Facebook spokeswoman said. On Monday (Sept.

social media 100

social media cryptocurrency Regulation United States 100

PYMNTS

JUNE 20, 2019

Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. 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 said.

cryptocurrency 108

cryptocurrency CA social media Regulation 108

PYMNTS

NOVEMBER 12, 2018

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency.

Marketing 179

Marketing cryptocurrency social media blockchain 179

PYMNTS

AUGUST 18, 2019

During an upcoming visit to Switzerland , American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. Waters has been a vocal critic of the social media giant’s plans for its own digital currency. He said Libra’s associated Calibra wallet plans will be regulated by the U.S. Soon after, the U.S.

US 173

US social media Policies cryptocurrency 173

PYMNTS

NOVEMBER 15, 2019

German cryptocurrency company Karatbars has been ordered to stop doing business after being accused of running a pyramid scheme. But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license. And the U.S.

DC 100

DC social media Bitcoin cryptocurrency 100

PYMNTS

JANUARY 30, 2018

29), the SEC’s complaint states that AriseBank “used social media, a celebrity endorsement and other wide dissemination tactics to raise what it claims to be $600 million of its $1 billion goal in just two months.” In addition, the agency was able to freeze the company’s assets and those of its two co-founders, CNBC reported.

Texas 111

Texas social media FDIC Dallas 111

PYMNTS

APRIL 24, 2020

The pilot was announced at a promotional event on Wednesday (April 22) that was organized by the National Development and Reform Commission and was attended by representatives from Tencent and Alipay, the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and the China Construction Bank.

social media 209

social media National Regulation Groups 209

PYMNTS

JULY 27, 2018

Twitter executives warned that monthly active users have been cut by about three million as the social media platform moved to purge spam and dormant accounts, curb abuse on the system and comply with new privacy regulations. Google has banned apps that mine cryptocurrency in the back of a user’s device.

San Francisco 101

San Francisco Google social media cryptocurrency 101

PYMNTS

MARCH 23, 2020

In addition, the regulator disputed Kik’s contentions that half of its sale was just for accredited investors. It contended that it had not had an unregistered securities sale as of the beginning of 2018 when the SEC first acted. The SEC contended that Kik sold tokens to investors with the idea that they would experience a return.

Bitcoin 132

Bitcoin social media Security blockchain 132

PYMNTS

JANUARY 31, 2018

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Blockchain isn’t un-hackable, and regulators have recently warned about the potential of fraudulent initial coin offerings (ICOs).

blockchain 124

blockchain Bitcoin cryptocurrency New York 124

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. If the U.S.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations.

Fintech 195

Fintech Community Regional Technology 195

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?

Regulation 100

Regulation cryptocurrency Policies blockchain 100

PYMNTS

DECEMBER 3, 2019

Decentralized cryptocurrency exchange (DEX) CryptoBridge is shutting down. The firm later revealed that it had also shut down all of its social media channels, and that “all existing non-mature BCO staking positions have been paid out, effectively cancelling the contract.”. Let’s see if you can win one w/o Trump.”. 10 deadline.

Bitcoin 131

Bitcoin Operations social media Georgia 131

Abrigo

JANUARY 31, 2023

Recap and forecast The current state of AML/CFT regulations Terminology change Financial crime professionals have long referred to Bank Secrecy Act (BSA) compliance in conjunction with anti-money laundering efforts as “BSA/AML.” This is to be issued no later than one year after the effective date of the BOI Reporting Rule (January 1, 2024).

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

AUGUST 5, 2019

There has been no summer slowdown for regulatory overtures toward technology firms, spanning social media, antitrust concerns and the cryptocurrency arenas. Back then, Facebook said the FTC was examining “areas of social networking or social media services, digital advertising and/or mobile or online applications.”.

social media 122

social media cryptocurrency Google Regulation 122

PYMNTS

OCTOBER 7, 2019

The launch of Libra ignited a global debate over the role of cryptocurrencies in payments and financial services. This document outlines our plans for a new decentralized blockchain, a low-volatility cryptocurrency and a smart contract platform that together aim to create a new opportunity for responsible financial services innovation.”.

Regulation 199

Regulation cryptocurrency Innovation Meeting 199