PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software. Cryptocurrency has not been without controversy.

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PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Among the issues plaguing bitcoin and its peers is the fact that unlike credit card transactions, cryptocurrency payments are almost immediately irreversible. For instance, a new U.S. In unveiling the report , U.S. “To

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PYMNTS

MAY 12, 2020

Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. And in recent months, the ride has been wild for bitcoin pricing amid the pandemic. On the other hand, bitcoin is also well off of its all-time highs of just under $20,000. bitcoin exchange.). based crypto exchanges.

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PYMNTS

MARCH 30, 2018

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. That exchange provides pricing for CME’s bitcoin futures.

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PYMNTS

MAY 2, 2017

On Monday, and for the first time ever, bitcoin was worth over $1,400. If there’s any probable cause for the rise, it’s likely that the SEC recently announced plans to review l ast month’s rejection of the proposed Winklevoss Bitcoin ETF. While the day’s high was $1,422.22

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PYMNTS

JUNE 14, 2018

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. He noted cryptocurrencies like bitcoin and Ethereum do not fall under SEC regulatory territory at this time.

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PYMNTS

SEPTEMBER 27, 2020

Russian telecom regulator Roskomnadzor looks to be targeting Binance , the world's largest cryptocurrency exchange, as a platform "disseminating prohibited information," according to Cointelegraph. The regulator said Binance had been put on a list due to distributing data related to the acquisition of digital coins like Bitcoin.

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Bitcoin is like a [crypto] 101 version.

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PYMNTS

JANUARY 25, 2021

They could become a “safe-haven asset” and used for asset diversification in investor portfolios if they can overcome volatility, regulation, trust and reputation challenges, according to the report. Stability has continued to be a prevalent issue of digital coins, even despite the recent price surge.

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PYMNTS

AUGUST 9, 2020

Then the regulator clears the payment to be deposited to the nonexistent fund. The PFSA said it “would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market. The NYDFS Greenlist also includes Bitcoin, ether and litecoin, along with other stablecoins like Gemini and Paxos.

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Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

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PYMNTS

NOVEMBER 8, 2020

According to the release, Ripple chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial centre,” according to the release, with the two companies “aligned” in their visions for the future. According to Cointelgraph , Powell had been responding to a news conference after the Fed's Nov.

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PYMNTS

FEBRUARY 26, 2018

26) that it’s willing to step in and regulate cryptocurrencies if the risks associated with digital tokens aren’t addressed. According to a report in Reuters , citing officials from the European Union , the wild price movements of bitcoin last year and into 2018 has resulted in huge losses for some and big gains for others.

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PYMNTS

JANUARY 9, 2018

Digital payment company PayPal is not betting on bitcoin as of now. That’s] because retailers have very narrow margins, and when you have a bitcoin bouncing up and down by 15 percent over a couple weeks period, that can be the difference between profits and losing money on every sale.”.

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PYMNTS

MARCH 17, 2017

It has been another wild ride of a week for bitcoin in the wake of the SEC ruling. At the tail end of last week, the Securities and Exchange Commission ruled the proposed Winklevoss bitcoin ETF a no-go by nixing a proposed rule change that would have led to the fund being listed on the Bats BZX Exchange. The reason? billion.

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PYMNTS

SEPTEMBER 29, 2017

Securities and Exchange Commission’s former Chairman Arthur Levitt doesn’t think the regulator is equipped to handle bitcoin, the cryptocurrency that has been surging in value all year. I think the tendency of the Commission has been to stay away from bitcoin,” the former SEC chairman was quoted as saying.

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PYMNTS

APRIL 28, 2017

In the last few weeks, three separate bitcoin exchanges have reported a halt on processing transactions in dollars — the result of global banks pulling out of high-risk areas. Global banks have long been wary of even indirect interactions with bitcoin exchanges — particularly in the case they could be held liable if something goes wrong.

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PYMNTS

MAY 22, 2020

Albania’s Parliament has signed a comprehensive law to regulate the conditions for licensing all activity of cryptocurrency in the country. She said she wanted to allow for the best use of the technology, but also prevent against harmful violations like fraud or the funding of terrorism or other crimes.

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PYMNTS

JANUARY 12, 2021

Financial Conduct Authority (FCA) said new scams could end up having devastating effects on crypto investors, CoinDesk reported. According to the FCA, investors could lose “all their money” if they invest in crypto products offering high returns, CoinDesk reported. The FCA said customers should make sure they understand what they're investing in.

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PYMNTS

JANUARY 29, 2020

The government’s policy and its regulations should be well known before enforcement happens, the policy said. said that national policy might not be enough in terms of crypto regulation. . “We Public statements, whether through the press or formal speeches, are helpful but are not official statements of application by the agency.

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PYMNTS

AUGUST 27, 2020

Crypto exchange ShapeShift is suing former engineer Azamat Mukhiddinov for allegedly stealing $900,000 in bitcoin via programs he installed on their servers, CoinDesk reported. On another note, Roskomnadzor, Russia's telecom regulator, blocked Russia's top crypto exchange aggregator, BestChange.ru, on Wednesday (Aug.

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PYMNTS

SEPTEMBER 15, 2020

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. South Korea and Singapore regulate digital currency trades, while China recently let bitcoin be exchanged as virtual property instead of fiat currency.

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PYMNTS

JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 million euros ($1.9 million) from its victims.

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Bank Innovation

OCTOBER 3, 2017

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

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PYMNTS

JANUARY 19, 2018

In addition, the regulator charged, the three operators broke laws governing commodity trading. Allegations center around a Ponzi scheme that allegedly ensnared hundreds of investors for more than $1 million in bitcoin. The Globe and Mail reported that the CFTC filed suit in New York. At this writing, the third case was still sealed.

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PYMNTS

JUNE 18, 2018

Square , the payments company founded by Jack Dorsey, has received a license to enable residents in New York state to buy and sell bitcoin via its Cash App. DFS is pleased to approve Square’s application and welcomes them to New York’s expanding and well-regulated virtual currency market,” said Superintendent Vullo. Didn’t see much.

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PYMNTS

MARCH 23, 2018

Bitcoin fell below the $9,000 mark on Thursday (March 22), CNBC reported. The drop came as news surfaced that Japanese regulators were scrutinizing cryptocurrencies. Bitcoin was trading at $8,505.18 And a new chatbot named Ben can trade bitcoin, TechCrunch reported. as of 4:24 a.m., according to CoinDesk.

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PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. We don’t need more regulation. Senator Elizabeth Warren (D – Mass.) What we need is competition.

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PYMNTS

MARCH 29, 2017

In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust.

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PYMNTS

DECEMBER 14, 2017

16,835 | Value of a single bitcoin as of the close of trading on Wednesday (Dec. It’s been a newsworthy week for bitcoin, with agencies around the world concerned with a potential bubble involved in cryptocurrency.

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PYMNTS

OCTOBER 13, 2019

financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. Both the SEC and CFTC have issued guidance on their positions on certain digital assets, including bitcoin and ether. Earlier this year, U.S.

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PYMNTS

DECEMBER 3, 2020

In other news, Bitcoin hit a new record of active entities — or wallet clusters run by one user — on Tuesday (Dec. This comes one day after Bitcoin climbed over $19,800, hitting a new record high , edging out the previous record price set in 2017. They must be backed by goods or services and can be removed from the market.

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PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. The regulation applies to individuals, companies and brokerages, and includes crypto-related activities such as buying and selling, donations, barters, deposits, withdrawals and more.

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PYMNTS

OCTOBER 16, 2017

JPMorgan’s CEO Jamie Dimon is at it again – he’s slamming bitcoin, the popular digital currency, just weeks after receiving flack for calling it a fraud. “Who cares about bitcoin? “Who cares about bitcoin? Japan, they say Japan accepted bitcoin. ’ My formerly smart daughter.”

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PYMNTS

JANUARY 1, 2021

Elsewhere in the cryptocurrency world, some leading industry players are fighting a federal move to expand anti-money-laundering regulations that have applied to banks handling cash since 1970 to exchanges handling cryptocurrency, Cryptonews and other media outlets report. If the U.S.

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PYMNTS

NOVEMBER 2, 2018

JPMorgan Chase CEO and Chairman Jamie Dimon is not a huge fan of bitcoin and offered a comment on the cryptocurrency’s 10th anniversary, Financial News reported. MarketWatch said “the gist of his response” was “I didn’t want to be the spokesman against bitcoin. ” The executive has long been a skeptic of bitcoin.

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PYMNTS

FEBRUARY 26, 2019

Currently, the digital token is being tested inside the bank with corporate clients, unlike bitcoin , which is open source and can be accessed by anyone. Dimon called bitcoin a “ fraud ” during the apex of the crypto boom. The bank said it supported crypto as long as it was properly regulated. “We

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