PYMNTS

MAY 1, 2018

Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. The Wall Street Journal reported that the inquiry is focused on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet.

Regulation 104

Regulation Bitcoin cryptocurrency Massachusetts 104

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?

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

DECEMBER 2, 2020

Facebook's cryptocurrency project on Tuesday (Dec. Diem Networks will operate the actual payments system, which will oversee a new currency called the Diem Dollar. “We Goodbye Libra and hello Diem. 1) unveiled a new name as it seeks to put some distance between itself and its powerful but controversial Big Tech sponsor.

cryptocurrency 156

cryptocurrency Regulation Compliance System 156

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

Regulation 116

Regulation social media cryptocurrency Capital 116

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. Quintenz made his comments to reporters before the first meeting of CFTC’s Technology Advisory Committee in two years. While the U.S.

Regulation 101

Regulation Bitcoin cryptocurrency blockchain 101

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.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Or at least they didn’t until now. Crypto’s Path To Spendability.

cryptocurrency 318

cryptocurrency blockchain Bitcoin Examples 318

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.

Bitcoin 175

Bitcoin cryptocurrency ATM blockchain 175

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.,

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. user ban.”.

Regulation 169

Regulation cryptocurrency Groups Innovation 169

PYMNTS

JANUARY 6, 2021

In other news, slot machine players may soon be able to play casino games using cryptocurrency, according to Bloomberg. IGT secured this patent to bolster its industry-leading patent portfolio in anticipation of any possible future direction in regulated gaming involving cryptocurrency,” company spokesman Phil O’Shaughnessy told Bloomberg.

Bitcoin 177

Bitcoin cryptocurrency Groups Technology 177

PYMNTS

OCTOBER 16, 2019

Mastercard has outlined its intentions with blockchain after its high profile exit from the Libra Association, a coalition of many successful companies meant to help guide and foster oversight of Facebook’s proposed cryptocurrency. The company said that a good portion of the 2,600 cryptocurrencies available right now don’t do that at all.

blockchain 151

blockchain cryptocurrency Operations Compliance 151

PYMNTS

FEBRUARY 26, 2019

Jamie Dimon, the CEO of JPMorgan Chase, said the bank’s new cryptocurrency, JPM Coin, could one day be used by consumers, according to CNBC. The bank became the first to create its own cryptocurrency earlier this month. The bank became the first to create its own cryptocurrency earlier this month.

cryptocurrency 175

cryptocurrency blockchain Bitcoin Payments 175

PYMNTS

OCTOBER 8, 2020

The government of the Philippines is considering limiting the number of digital banks that operate in the country, Bloomberg News reported on Thursday (Oct. The consideration of potential limits is part of a policy review process that could produce new regulations governing digital banks by the end of the calendar year, the report noted.

Digital Banking 131

Digital Banking cryptocurrency Regulation Policies 131

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . This whitepaper explains the basics of crypto and blockchain technology.

Resources 195

Resources Training Fraud Compliance 195

PYMNTS

JANUARY 27, 2020

Teaming up with blockchain mobile ticketing platform TIXnGO , the move follows “a successful trial of the technology during the 2019 season,” Cointelegraph said. Australia is pushing ahead with a cryptocurrency exchange in Singapore, according to the Independent Reserve on Friday (Jan.

blockchain 142

blockchain Mobile Bitcoin cryptocurrency 142

PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. The new banking options are largely built around blockchain technologies.

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

Video 211

Video Report Meeting United States 211

PYMNTS

DECEMBER 11, 2020

AML automation is a breakthrough technology for many businesses, enabling them to be compliant with federal regulations while avoiding the tedious and expensive manual effort of inspecting every transaction for potential violations,” the Tracker states.

cryptocurrency 219

cryptocurrency Fraud blockchain Security 219

PYMNTS

OCTOBER 27, 2020

HIVE Blockchain Technologies, Riot Blockchain and Marathon Patent Group are on the uptick, according to the report, which was published early Tuesday (Oct. UNICAS, as the joint venture is known, will create the first “crypto-friendly financial institution” with brick-and-mortar buildings and operations. 27) afternoon Eastern Time.

Bitcoin 267

Bitcoin Industry blockchain cryptocurrency 267

CFPB Monitor

OCTOBER 25, 2021

In just his first full week as CFPB Director, the CFPB sent orders to six technology platforms offering payment services directing them to provide information to the Bureau. for a transaction to be covered and transactions in or enabled by cryptocurrency are included.) “C2C” means both domestic U.S. to consumers outside the U.S.

Technology 78

Technology Payments Data cryptocurrency 78

CFPB Monitor

JULY 27, 2020

cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” It makes the “suggestion” to confer first with the OCC before onboarding any cryptocurrency clients. The key phrase above is “any lawful business.” The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

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).

blockchain 151

blockchain San Francisco cryptocurrency Bitcoin 151

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.

Bitcoin 187

Bitcoin cryptocurrency National Regulation 187

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

NOVEMBER 9, 2020

Nellie Pou introduced new cryptocurrency regulations in a bill titled “Digital Asset and Blockchain Technology act,” on Thursday, Nov. Meanwhile, New Jersey Sen.

Bitcoin 225

Bitcoin NJ New Jersey blockchain 225

TheGuardian

FEBRUARY 14, 2023

Raids target machines hosted around Leeds believed to be offering to buy or convert traditional currencies Authorities have raided several sites around Leeds as part of what is believed to be the UK’s first crackdown on illegally operated crypto ATMs.

ATM 91

ATM Operations Bitcoin cryptocurrency 91

PYMNTS

AUGUST 30, 2019

The asset manager is developing a platform that would tailor portfolios of cryptocurrency funds for institutional investors, the Financial Times reported on Aug. Howard is launching a $1 billion endeavor for specially-designed cryptocurrency hedge fund portfolios. Artbloc will sell high-end art to the public,” Kim said.

Bitcoin 188

Bitcoin Nevada cryptocurrency ATM 188

PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. More than $1.2 Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy. Facing Fraud.

cryptocurrency 193

cryptocurrency Fraud Security Bitcoin 193

PYMNTS

DECEMBER 5, 2018

Cryptocurrency exchange ErisX announced that it has raised $27.5 The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters.

blockchain 166

blockchain Bitcoin cryptocurrency Analysis 166

PYMNTS

SEPTEMBER 10, 2019

The Geneva-based, Facebook-led Libra cryptocurrency will have to adhere to stringent regulations, Reuters reported on Tuesday (Sept. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker told Geneva reporters that all cryptocurrency projects operating in the U.S.

cryptocurrency 109

cryptocurrency blockchain Meeting Regulation 109

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. They give rise to a number of serious risks related to public policy priorities.

Meeting 125

Meeting cryptocurrency Conference Policies 125

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.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

AUGUST 23, 2019

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. In simple terms, SPEDN processes transactions made with cryptocurrencies such as bitcoin, Ethereum and Litecoin, among others.

cryptocurrency 195

cryptocurrency Bitcoin Course Cards 195

PYMNTS

JANUARY 7, 2020

For a country that is striving mightily to go digital when it comes to financial services, it may be a bit curious that Qatar has seemingly put the brakes on cryptocurrencies. The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As was reported Monday (Jan.

cryptocurrency 132

cryptocurrency Bitcoin blockchain Course 132

PYMNTS

JUNE 2, 2019

North Korean hackers have targeted South Korean cryptocurrency exchange UpBit. In other news, Coinbase has announced that president and chief operating officer Asiff Hirji is leaving the company. There are also reports that Tina Bhatnagar, Coinbase’s current vice president of operations and technology, is leaving.

social media 119

social media Bitcoin cryptocurrency blockchain 119

PYMNTS

MARCH 4, 2020

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. 10, with new regulations for cryptocurrencies, wallets and exchanges.

US 130

US Regulation cryptocurrency Resources 130