Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199

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

SEPTEMBER 22, 2020

She said part of that will come from ensuring the strength and autonomy of the region's payment systems. In addition, Lagarde said European governments need to work together on changes to labor, product and financial market regulations and implement education to make sure no one is digitally left behind.

cryptocurrency 276

cryptocurrency Regulation Regional System 276

PYMNTS

AUGUST 20, 2019

Binance is looking to create new alliances and partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies,” the company wrote in a blog post.

Bitcoin 129

Bitcoin Regional Policies cryptocurrency 129

PYMNTS

OCTOBER 23, 2020

He noted that other regions have given similar affirmations. A “security” designation could put XRP under stringent new regulations. Ripple is currently in the midst of legal trouble with the Securities and Exchange Commission (SEC) and investors over the security status of the XRP cryptocurrency. What you see in the U.K.

cryptocurrency 202

cryptocurrency United States Leadership Security 202

PYMNTS

FEBRUARY 28, 2020

To get a sense of the new frontiers in cybercrime, and how cryptocurrency helps fraudsters cover their tracks or finance their schemes … look, perhaps, to Latin America. Regulations, said the report, are “extremely lax” especially when it comes to Know Your Customer (KYC) and anti-money laundering (AML) efforts.

America 217

America cryptocurrency Regional ATM 217

Abrigo

MARCH 8, 2024

While previously, fraud was local or regional, today, scammers leverage technology extensively. Funds are then funneled abroad through wire transfers and cryptocurrency transactions, financing transnational criminal networks. Bank wire transfer fraud Current fraud trends Current fraud trends highlight a shift in scam origins.

Fraud 195

Fraud Technology Trends Training 195

PYMNTS

DECEMBER 20, 2018

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. Regulators have yet to develop policies over how digital tokens trading should work and who can engage in it, reported Reuters.

cryptocurrency 168

cryptocurrency Bitcoin Regulation Regional 168

PYMNTS

JULY 8, 2019

Many traditional banking institutions and governments have shown skepticism, silence and resistance to Facebook’s proposed cryptocurrency Libra, according to reports. . Other banks have plans for cryptocurrencies of their own and are focused on that. . Mastercard is reportedly working with six Nordic banks to allow real-time transfers.

cryptocurrency 204

cryptocurrency Regional Regulation Groups 204

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Together, we are 80 percent of the region,” Indonesian Communications Minister Rudiantara told the newswire. Reuters noted this past week that such approaches would take place through a unified effort.

Taxes 133

Taxes Regulation cryptocurrency Google 133

PYMNTS

DECEMBER 13, 2018

AriseBank, a startup that ran afoul of regulators in the U.S. million from investors after claiming to raise $600 million, lied about an endorsement from boxing champion Evander Holyfield and pledged to set up more than 1,000 ATMs to let users access cryptocurrency accounts when launching its ICO. In addition to AriseBank paying $2.3

Fort Worth 134

Fort Worth cryptocurrency Dallas Regulation 134

PYMNTS

JULY 9, 2019

India, Asia’s third-largest economy, remains skeptical about Facebook’s proposed cryptocurrency Libra and has said that it won’t just allow the coin into the country, according to a report by Bloomberg. But whatever it is, it would be a private cryptocurrency, and that’s not something we have been comfortable with.”. “But

cryptocurrency 137

cryptocurrency Bitcoin Regulation Regional 137

PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb.

cryptocurrency 194

cryptocurrency Meeting Conference Regional 194

PYMNTS

JUNE 27, 2019

According to data from CoinATMradar.com, cryptocurrency ATM manufacturer General Bytes has installed 69 new machines since the beginning of June, while Genesis Coin added 24 new BATMs, and Lamassu and Bitaccess added 13 and 11 cryptocurrency ATMs, respectively. percent. In other news, it was announced that the U.K.’s

ATM 115

ATM Bitcoin San Francisco cryptocurrency 115

PYMNTS

FEBRUARY 13, 2019

South Korean cryptocurrency exchange Bithumb announced the launch of its own fiat-to-crypto exchange in the United Arab Emirates (UAE) with UAE-based firm Nvelop. The partnership will enable Bithumb to further expand in the Middle East and North Africa (MENA) region, including Saudi Arabia and Bahrain. Bithumb has certainly been busy.

blockchain 128

blockchain Fintech Bitcoin cryptocurrency 128

PYMNTS

JANUARY 16, 2018

The petition wants regulators to stop their efforts to curb cryptocurrencies and, by extension, crush the “happy dream” of those bullish on digital currencies. Price action has been volatile in the region. As has been reported, South Korea has been the location of a bulk of trading in bitcoin and alternative currencies.

Bitcoin 134

Bitcoin cryptocurrency Regulation Regional 134

PYMNTS

MAY 21, 2020

“A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

FEBRUARY 14, 2018

While investors are worried that the price of bitcoin might be artificially held high, a head of a cryptocurrency firm is not concerned, CNBC reported. Until the market matures, cryptocurrency price manipulation is “unavoidable,” according to NEM President Lon Wong. “You see it in mainstream markets as well.

Bitcoin 100

Bitcoin Rhode Island cryptocurrency New Hampshire 100

PYMNTS

DECEMBER 4, 2019

The price of bitcoin, that marquee name in cryptocurrencies, has plummeted in the last several weeks, down roughly 20 percent at this writing to a recent $7,400, where the price had been more than $9,400 a month ago. As reported by research firm Chainalysis, as many as 20 of the top 50 crypto exchanges are based in the Asia-Pacific region.

Bitcoin 138

Bitcoin cryptocurrency blockchain Report 138

PYMNTS

JUNE 30, 2019

No doubt by now most payments watchers are familiar with Libra , the Facebook plan to bring a new global cryptocurrency to market that seemingly seeks to do nothing less than upend global banking. Libra, after all, is already under the collective lenses of global regulators over privacy and security concerns. Several Approaches.

Payments 274

Payments cryptocurrency Bitcoin System 274

PYMNTS

JULY 28, 2019

Although regulators cracking down on ICOs have tended to focus on issuers, the big lesson here is that securities laws can apply to activities beyond issuing tokens, including activities that don’t involve buying or selling tokens,” said commercial litigator and former programer Evan Thomas, according to Cointelegraph.

Bitcoin 116

Bitcoin United States cryptocurrency Security 116

PYMNTS

NOVEMBER 15, 2019

Users of Facebook Pay , which the company said is not related to its proposed cryptocurrency Libra, will be able to enter a preferred payment method and then use the option to eventually pay throughout all of the related apps. Behind Regions Bank’s AI-Powered Digital-First Push. Deutsche Bank told U.K. Money Laundering Epidemic.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

MARCH 11, 2020

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. In this month’s Feature Story, Sketcher explains strategies for a better understanding of transaction risks and thwarting fraud in different sectors and regions.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

MARCH 26, 2018

On a country-by-country and region-by-region basis, early last week Britain’s Financial Conduct Authority (FCA) said there are plans to create a “global testing bed” for new apps geared toward finance. The ultimate goal is to make France a hub for those offerings, legitimizing the cryptocurrency arena. And in the U.S.

blockchain 102

blockchain Fintech Colorado cryptocurrency 102

PYMNTS

JUNE 27, 2016

A startup in Singapore offering bitcoin exchange and cryptocurrency services just secured another major round of funding. Its co-founder Kariya Kayamori said in an interview that there is $50 trillion of foreign-exchange trading in Japan a year and eventually he believes cryptocurrencies will account for 10 percent of those transactions.

Bitcoin 110

Bitcoin cryptocurrency Taxes Regional 110

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

AUGUST 4, 2019

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. And Busan has issued a “regulation-free” zone for blockchain development by South Korea’s national government. As a result, 11 regulations have been lifted for the project.

Bitcoin 115

Bitcoin Study Data Massachusetts 115

PYMNTS

JULY 28, 2019

Although regulators cracking down on ICOs have tended to focus on issuers, the big lesson here is that securities laws can apply to activities beyond issuing tokens, including activities that don’t involve buying or selling tokens,” said commercial litigator and former programer Evan Thomas, according to Cointelegraph.

Bitcoin 100

Bitcoin Security United States cryptocurrency 100

PYMNTS

JANUARY 5, 2018

Bitmain , which runs China’s two largest bitcoin-mining collectives, is setting up a regional headquarters in Singapore and has expanded its operations to the U.S. Their decisions highlight how China’s role as the cryptocurrency leader is diminishing, as its government clamps down on mining operations. and Canada.

Bitcoin 109

Bitcoin cryptocurrency Operations Regional 109

PYMNTS

AUGUST 12, 2019

This, in turn, means that banks cannot offer services to businesses, as they would face prosecution from regulators. Separately, Apple is being eyed by regulators in Russia for allegedly unfair competitive practices. The aforementioned charges, said regulators, may add up the equivalent of high interest rates charged on the loans.

Puerto Rico 128

Puerto Rico New Hampshire New York Regulation 128

PYMNTS

JUNE 18, 2019

The endless speculation over Facebook ’s plans to build a new set of global payments rails and launch a global cryptocurrency comes to an end today with the official launch of Libra. The New Cryptocurrency — Libra. Or does it? At some point, they will be asked to kick in few bucks to fund its operation and get it off the ground.

Payments 246

Payments Regulation blockchain cryptocurrency 246

PYMNTS

MARCH 25, 2019

Cohen described the numbers tied to ill-gotten gains as “eye-opening and [likely to] raise flags for the regulators. One microcosm of fraud and regulatory scrutiny is cryptocurrencies. But the practices of KYC and AML should be no different with cryptocurrencies than might be seen elsewhere in the financial arena, he said.

cryptocurrency 196

cryptocurrency Compliance Fraud System 196

PYMNTS

AUGUST 29, 2018

Users in the region are able to spend and acquire Dash through their mobile phones, which comes loaded with the Dash ecosystem. And the Venezuela President Nicol á s Maduro is making every bank in the country accept the ‘Petro’ cryptocurrency, The Next Web reported.

Alabama 100

Alabama Operations Bitcoin cryptocurrency 100

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Opportunity, he noted, abounds. Opportunity, he noted, abounds.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. In addition, the EU would work toward creating common standards for the blockchain technology that supports cryptocurrencies. “An since the region represents the main FinTech market in Europe.

Fintech 136

Fintech blockchain Maine Guidelines 136

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