PYMNTS

AUGUST 14, 2019

New Zealand will now allow employers to compensate their workers in cryptocurrency, reports in Blockchain News said Tuesday (Aug. New Zealand tax authorities published a ruling this month that includes guidance for employers that wish to pay their staff in cryptocurrency.

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American Banker

AUGUST 28, 2023

The proposed regulations from the Treasury Department and Internal Revenue Service offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion by offering more transparency into customer trades.

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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.,

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PYMNTS

JULY 26, 2020

“Our charter application incorporates truly novel ideas that have received detailed scrutiny from multiple regulators,” Caitlin Long , CEO and founder of Avanti, said in the release. The new banking options are largely built around blockchain technologies. Avanti made its Wyoming intentions clear in February. ”

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PYMNTS

JANUARY 24, 2020

To create a framework for the international governance of cryptocurrencies, the World Economic Forum (WEF) has reportedly formed a worldwide consortium. Sovereign debt and high-tech initiatives, with the inclusion of artificial intelligence (AI), have been more recent topics.

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PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal.

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PYMNTS

MARCH 14, 2018

” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. Earlier this week, the head of the International Monetary Fund (IMF) described this dichotomy as the “peril that comes along with the promise” of cryptocurrencies.

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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. Securities and Exchange Commission, which is eyeing the digital currency landscape closely, and where regulations are likely to come through in 2019.

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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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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.

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PYMNTS

SEPTEMBER 12, 2019

billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. The growing prevalence of cryptocurrencies is also complicating the finance sectors’ security efforts.

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PYMNTS

DECEMBER 20, 2017

Amid rising interest and investment in digital currencies like bitcoin, some countries are issuing new warnings about the volatility involved in cryptocurrency trade. A small company saw shares increase 2,700 percent in the last month following its participation in the bitcoin cryptocurrency boom. According to Tuesday (Dec.

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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.

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PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

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PYMNTS

SEPTEMBER 15, 2017

Diehards, however, are still crying “ hodl ” — the cryptocurrency community’s rallying cry, inspired by an enthusiastic misspelling of “hold” in a 2013 Reddit thread. business plan, technology, people involved) and prepared to lose your entire stake.”. Last week, Chinese regulators went one step further and banned ICOs.

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Abrigo

DECEMBER 27, 2022

And while final numbers are still being calculated for 2022, bankers saw typologies exacerbated by the pandemic provide criminals with avenues for fraud while cryptocurrency scams surfaced more frequently. The advance payment may be described as a fee, tax, commission, or incidental expense that will be repaid later. Learn More.

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PYMNTS

JANUARY 16, 2020

Apple bought AI firm Xnor for $200 million, edging out Microsoft, Amazon and Intel for the 2-year-old Seattle-based firm that makes smart devices smarter by running machine learning technologies on edge devices. 17, that would relieve medallion owners from tax liability for debt forgiveness.

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PYMNTS

AUGUST 2, 2019

The technology could also be used to verify that any returned drives have undergone a “certified erase” process to remove any user data. In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

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PYMNTS

JULY 9, 2018

It’s been just a few weeks since the General Data Protection Regulation (GDPR) took effect — and speed bumps remain. On a country-specific basis, Thailand last week said it debuted regulations on digital tokens, slated to take effect a week from now on July 16. Thailand And The Digital Token Debate.

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PYMNTS

OCTOBER 18, 2019

The Logic was the first to report that the country’s central bank is investigating both opportunities and challenges focused on the project, with some believing that creating a public central bank digital currency (CBDC) could help tackle direct threats related to cryptocurrency.

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PYMNTS

NOVEMBER 12, 2019

The blueprint for the proposed digital currency seems to offer Beijing extraordinary supervision over the flow of money, giving regulators economic control that most central banks do not have. “We I think you will see it very soon, in the next maybe two to three months,” Lee told CNBC at the FinTech Festival on Monday (Nov 11).

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PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. We've gone from [trade + 5 days to settle, to trade + 2 days]. That's the best we've done.”.

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PYMNTS

JANUARY 10, 2018

Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. The publication said recent financial reports from the firm say it has $429,000 in available cash; bitcoin mining technology could cost millions.

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PYMNTS

JANUARY 8, 2020

Call it, perhaps, a New Year’s Resolution list — for regulators. Among them: cryptocurrencies and the financial (alternative) data that is used in the investment realm. In addition, there will be examination of transfer agents (which help to settle transactions) that are developing blockchain technology.

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PYMNTS

JANUARY 29, 2018

Headlines swirl around the price of bitcoin and its cryptocurrency cousins, around psychological barriers tied to $10,000 thresholds, around raids on suspect operators, around tax rates in South Korea and hacks of crypto exchanges. May there be an opportunity to play on existing and regulated rails? Operating as a U.S.

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PYMNTS

FEBRUARY 21, 2018

According to reports, Kaliningrad governor Anton Alikhanov and VEB chairman Sergey Gorkov met with officials at the Russian Investment Forum to announce their collaboration using, according to Alikhanov, VEB’s “competence in the area of blockchain technology. In Spain, regulators are reportedly exploring how to support blockchain developers.

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PYMNTS

JUNE 16, 2020

He also recommended that the Financial Stability Oversight Council (FSOC) be charged with “the responsibility to create a framework for regulating cryptocurrencies and developing guidelines for strong protections against money laundering and cybersecurity threats to those marketplaces.”.

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PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Technological Innovation. Faster payment technologies make payroll “faster and cheaper,” she said.

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BankUnderground

OCTOBER 26, 2021

The monetary system is going through significant changes: the rise of cryptocurrencies, negative interest rates, and the decline in the role of traditional banks as intermediaries. Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people.

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PYMNTS

AUGUST 29, 2018

Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and tax services provider PwC, and appears to be moving away from cryptocurrencies in the process. Companies have dabbled in the lab,” the company wrote.

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PYMNTS

JULY 12, 2018

He cited “Zug’s high quality of life, openness, pro-business mindset and favorable tax structure” as factors that make the city attractive to people from around the world. But, while the region is conducive to technology and business, it does come with a high cost of living.

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PYMNTS

SEPTEMBER 9, 2016

Tyler and Cameron, who both studied economics at Harvard, are now CEO and president, respectively, of Gemini , a cryptocurrency exchange. But to give the brothers the benefit of the doubt, they also claim that “bitcoin is both disruptive from a technology perspective, but there’s a tremendous power of social good behind it.

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PYMNTS

MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., Because he believes there should be proper protection and regulation over them. How Bill Clinton’s administration dealt with the Internet in order to ensure it was not over-regulated. Fair point.

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CFPB Monitor

JULY 6, 2021

The Priorities have been much-anticipated because, under the AML Act, regulators will review and examine financial institutions in part according to how their AML/CFT compliance programs incorporate and further the Priorities, “as appropriate.”. technology and trade secrets. None of this is wrong, of course.

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PYMNTS

OCTOBER 14, 2016

Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind.

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FICO

FEBRUARY 27, 2019

Asia’s reputation for financial probity may take a long time to recover fully and it seems that our region’s bankers agree that we are just at the start of a compliance technology and process overhaul that may take many years to complete,” said Dan McConaghy, president of FICO in Asia Pacific. How APC Will Fight Financial Crime in Panama.

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PYMNTS

JANUARY 31, 2020

The price of bitcoin may be less than half of what it was at its peak, and the enthusiasm for trading in it may have fallen off over the last year, but there is one group for whom bitcoin will always be the last word in payments technology. That doesn’t mean, she noted, that cryptocurrency or blockchain technology is dead or has no future.

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