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. On another note, the Science and Technology Directorate ( S&T ) arm of the U.S.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Large investments in security measures are necessary for banks to protect themselves and their customers from this menace. billion ($8.9

Technology 208

Technology Report Fraud Study 208

PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies. “In The current policy is a non-policy.

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Policies National cryptocurrency Bitcoin 116

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

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. This partnership ensures that the SOV will be built on a scalable and secure platform.”.

ATM 168

ATM Bitcoin National Miami 168

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.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

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.

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blockchain cryptocurrency Bitcoin Compliance 160

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

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. Building The (Retail) Use Cases.

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PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227

PYMNTS

OCTOBER 30, 2019

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. The rise of blockchain technology was accompanied by that of cryptocurrencies, but innovation in blockchain technology does not mean we should speculate in virtual currencies.”.

blockchain 101

blockchain Bitcoin Security Software 101

PYMNTS

JANUARY 26, 2020

Partially brought on by the emergence of cryptocurrencies and Facebook’s upcoming introduction of the Libra coin, central banks across the globe have been looking into launching eCurrency as a means of maintaining states’ control over money.

Study 251

Study cryptocurrency Groups National 251

PYMNTS

OCTOBER 8, 2020

Barr unveiled the publication of “Cryptocurrency: An Enforcement Framework,” which his Cyber-Digital Task Force created, according to a Thursday (Oct. Cryptocurrency is a technology that could fundamentally transform how human beings interact, and how we organize society,” Barr said in the release. Attorney General William P.

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Bitcoin ATM cryptocurrency US 151

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. One cue might come from the U.S.

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cryptocurrency Study National Course 139

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. But beyond the sales pitch, technology, too, can be an aid to a crime.

Fraud 130

Fraud Report cryptocurrency National 130

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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cryptocurrency social media Regulation Meeting 166

PYMNTS

SEPTEMBER 18, 2019

17) about proposed cryptocurrencies like Facebook’s Libra and said Berlin would reject them, according to a report by Reuters. Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a parallel currency.

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cryptocurrency blockchain Policies Groups 135

PYMNTS

OCTOBER 8, 2018

President Maduro Petro officially rolled out the Petro last week, but the cryptocurrency had been available for pre-sale earlier this year. He said that multiple public services such as elections and labor welfare will use the blockchain technology. The research is described as “a project that uses blockchain technology to improve U.K.

blockchain 176

blockchain Bitcoin Regulation Security 176

PYMNTS

APRIL 30, 2018

The nation’s largest cryptocurrency exchange, Upbit, is collaborating with Korea Credit Data, reports said, to develop the solution, which will also aim to enable SMBs to more easily access structured securities.

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blockchain cryptocurrency Samsung Software 100

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.

Marketing 179

Marketing cryptocurrency social media blockchain 179

PYMNTS

OCTOBER 24, 2019

The Association of National Numbering Agencies ( ANNA ) announced the launch of a new task force that will look into the identification of digital assets. In other news, Commerzbank , Deutsche Börse and MEAG revealed that they successfully completed the settlement of a legally binding secondary market securities transaction via tokens.

Security 100

Security Bitcoin Guidelines Industry 100

PYMNTS

FEBRUARY 19, 2019

As CoinDesk explained, the cryptocurrency’s boost indicates a bearish-to-bullish trend change, but it is still stuck in a symmetrical triangle. They must also have a “good level of system security,” employ at least three employees who are Certified Information System Security Professionals (CISSP), and undergo a risk assessment process.

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Bitcoin blockchain cryptocurrency Capital 164

PYMNTS

JANUARY 3, 2019

According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies. This, said the Review , will be the way that blockchain becomes normal. In the U.S.,

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blockchain cryptocurrency Security Report 195

PYMNTS

JULY 6, 2020

Travala.com , the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. In other news, a subsidiary of cryptocurrency exchange Kraken in the U.K. has now been approved to operate its derivatives platform, CoinDesk reported.

Bitcoin 169

Bitcoin cryptocurrency blockchain Regulation 169

PYMNTS

SEPTEMBER 4, 2019

Cryptocurrency firms doing business in the Netherlands will soon be required to register with Dutch Central Bank , according to CoinDesk. The order includes firms based outside the Netherlands that are serving Dutch nationals, even online. “It The move comes as the European Union has passed tougher anti-money laundering (AML) laws.

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Payments Source

OCTOBER 21, 2019

Factom Protocol executives were on Capitol Hill three years ago with other providers explaining the benefits of the blockchain and cryptocurrency technology for security and payments to the nation's lawmakers.

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cryptocurrency Payments blockchain National 64

PYMNTS

JANUARY 14, 2021

As quoted by Reuters, she termed the cryptocurrency a “highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide.

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Bitcoin Regulation Tools cryptocurrency 152

PYMNTS

JUNE 18, 2019

Economist Nouriel Roubini has called out Facebook ’s soon-to-be announced cryptocurrency, GlobalCoin, saying it is not really crypto. “It Though he noted that the specifics of the project are still unknown, Roubini explained that GlobalCoin probably won’t use common blockchain technologies. It has nothing to do with blockchain.

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Bitcoin cryptocurrency blockchain Google 134

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. But beyond the sales pitch, technology, too, can be an aid to a crime.

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cryptocurrency National Fraud Security 101

PYMNTS

OCTOBER 27, 2019

According to the law, “the state encourages and supports the research and application of the science and technology in cryptography and protects the intellectual property rights in cryptography.”. The announcement came one day after Chinese President Xi Jinping called on the country to seize opportunities in blockchain technology. .

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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 institution noted per the report that it tried out a central bank digital currency (CBDC) sale of securities in mid-May.

Bitcoin 131

Bitcoin blockchain Operations cryptocurrency 131

PYMNTS

JUNE 20, 2019

Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. It reportedly has already found backing from over a dozen companies, including Visa, Mastercard, PayPal Holdings and Uber Technologies on it.

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PYMNTS

SEPTEMBER 30, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — told Karen Webster that cybersecurity threats to institutions and enterprises exist at several levels. The aggressors in this cyberwar?

United States 164

United States National System cryptocurrency 164

PYMNTS

SEPTEMBER 8, 2019

Japan ’s LINE has been approved for a cryptocurrency business license in the country, allowing it to offer its crypto exchange services in Japan. LINE will reportedly offer two tokens — LINE Point in Japan and LINK for other nations — to connect users and service providers. 6 in the name of LVC Corp., 6 in the name of LVC Corp.,

Bitcoin 149

Bitcoin blockchain social media US 149

PYMNTS

APRIL 18, 2019

The last several years have seen a surge in efforts among the cryptocurrency community to legitimize the technology. Once seen as a tool for the dark web and black markets, cryptocurrencies like bitcoin now want to be a part of the broader economy. Rather, it’s to pay off a cyberattacker.

Bitcoin 143

Bitcoin cryptocurrency Compliance Community 143

PYMNTS

MAY 21, 2020

As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is likely to gain increasing traction. As reported in this space last month, the efforts are still nascent.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

SEPTEMBER 25, 2020

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

Cleveland 330

Cleveland Massachusetts Boston Survey 330