PYMNTS

NOVEMBER 12, 2020

“Mastercard’s Vocalink business is a demonstrated leader in the real-time payments ecosystem, and they will be a valuable partner for Payments Canada in the introduction and ongoing operation of Canada’s real-time payments system,” Tracey Black , president and chief executive officer of Payments Canada, said in a statement on Thursday (Nov.

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Payments Innovation Risk Management System 345

PYMNTS

AUGUST 18, 2019

The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. Lacewell. “As

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Bitcoin New York United States Leadership 165

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. That means bitcoin. What Does Any of This Have To Do With Bitcoin?

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Bitcoin Regulation Innovation Fintech 155

PYMNTS

MARCH 2, 2020

Lloyd’s Head of Innovation Trevor Maynard said per the report that the British insurance company is the “natural home for insurance innovation because of the unique ability of syndicates to collaborate to insure new things.”. The company reportedly applied for an operating license in the country in the past.

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Bitcoin Policies Groups California 177

PYMNTS

MARCH 22, 2019

Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg. Central banks do not put a brake on innovations just for the sake of it.

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Bitcoin cryptocurrency United States Policies 172

PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

Innovation 191

Innovation Lending Fintech Bitcoin 191

PYMNTS

OCTOBER 8, 2019

In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. And the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) announced that they have signed an operational agreement on the BIS Innovation Hub Centre in Switzerland.

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PYMNTS

MARCH 7, 2019

However, the way payments innovation is pursued — and becomes reality — is changing, too. As the executive stated, “Banks, financial institutions and payment companies are making choices about who they want to partner with” in the drive to payments innovation. million machines that span the globe have run on Windows operating systems.

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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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United States cryptocurrency Bitcoin National 284

Bank Innovation

MAY 6, 2016

“Blockchain — good, bitcoin — bad” has been quite a theme in financial circles recently. While many recognize bitcoin’s cost- and time-cutting benefits, big FIs in particular still seem unlikely to trust this new currency.

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Insights on Business

JULY 26, 2018

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. IBM driving innovation. Learn more how IBM is driving innovation in RegTech.

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Bank Innovation

JANUARY 23, 2018

bitFlyer, the first Bitcoin exchange to be regulated in Japan and the U.S., said it received a Payment Institution (PI) license to operate in the European Union. Japanese cryptocurrency exchange bitFlyer today announced its launch in Europe.

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cryptocurrency Bitcoin Regulation Operations 255

Bank Innovation

MARCH 17, 2016

A lot has happened in the bitcoin multiverse this week, some seemingly positive for the embattled cryptocurrency, some decidedly negative.

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Bitcoin cryptocurrency Online Operations 150

PYMNTS

MARCH 24, 2017

Bitcoin prices suffered further losses this past week. As the reality of the Securities and Exchange Commission (SEC) rejection sunk in, concern among investors has grown amid signs of an impending hard fork — a “great schism” of bitcoin, if you will. At the time of writing, one bitcoin was worth $1,039.93, up 0.24

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Bitcoin cryptocurrency Groups Innovation 105

PYMNTS

APRIL 23, 2019

According to a report in the Wall Street Journal , citing people familiar with the matter, Son made the investment in bitcoin, the leading cryptocurrency back in 2017 just as its price peaked. The executive reportedly made the purchase on the recommendation of a well-known bitcoin advocate.

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Bitcoin cryptocurrency America Regional 128

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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Bank Innovation

JANUARY 25, 2018

The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. EXCLUSIVE — It’s not even a month into 2018 and already so much has changed. Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., to the rise of […].

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Trends Bitcoin cryptocurrency Taxes 299

PYMNTS

JANUARY 26, 2019

Larger industrial, agricultural operations – think Dole – have a much easier time selling their excess or imperfect products than smaller and mid-size farms. Bitcoin Profitability Problem for Miners. The claims about bitcoin’s future have ebbed and flowed as its price has rolled up and down (and up and down) over the years.

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PYMNTS

MARCH 22, 2019

You will also advise clients on the various legal risks, business strategies and other issues related to commercial transactions and general operations. Defunct bitcoin exchange Mt. The candidate should be able to “manage numerous deals,” as well as have a J.D. degree and membership in at least one U.S. state bar.

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blockchain Bitcoin New York cryptocurrency 149

PYMNTS

OCTOBER 9, 2019

Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. This latest sextortion version is using a Litecoin wallet address instead of bitcoin to evade detection,” Johnson wrote.

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Bitcoin San Francisco Taxes Compliance 116

PYMNTS

NOVEMBER 21, 2019

In other Binance news, the crypto exchange announced that it has acquired India-based bitcoin exchange WazirX , which will allow customers to buy and sell crypto with Indian rupees on the Binance Fiat Gateway. The population of the country sees these capital controls are put in place, and then they’re going to look for a way around it.

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Bitcoin blockchain Report Payments 130

PYMNTS

JANUARY 15, 2019

Finance Minister Lim Guan Eng said, according to reports, “Any person offering an ICO or operating a digital asset exchange without SC’s approval may be punished, on conviction, with imprisonment not exceeding 10 years and fine not exceeding 10 million Malaysian ringgits.” million between 2015 and 2017 through the Finnish bitcoin exchange.

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Bitcoin Regulation New York Video 108

PYMNTS

FEBRUARY 21, 2019

Through the crypto transfer, 51 bitcoins, 33 Bitcoin Cash tokens, 822 Litecoin tokens, 2,000 Bitcoin Gold tokens and 951 Ether were sent to the professional services firm. It gives us the opportunity to add a trust layer to operations, and design new disruptive services.”. Samsung announced on Wednesday (Feb.

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Samsung Bitcoin Ohio blockchain 129

PYMNTS

MAY 13, 2016

Promoting bitcoin. Which is why Obama and his team probably aren’t enthusiastic about an op-ed for CNBC from a former Commodity Futures Trading Commission (CFTC) commissioner suggesting that the White House should “heed the call” on bitcoin. One thing that’s probably not higher on that rapidly growing list?

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Bitcoin blockchain Regulation Operations 100

PYMNTS

SEPTEMBER 9, 2019

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. These casinos have begun to accept deposits in the form of cryptocurrencies such as Bitcoin and others,” that site reported.

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Innovation Payments Taxes User Experience 137

PYMNTS

FEBRUARY 3, 2017

Following relatively flat growth through the end of January (by cryptocurrency standards, anyway), bitcoin’s value spiked, breaking $1,000 to reach a high of $1,003.92 At the time of this writing, bitcoin sat tenuously at $1,000.73, up 1.36 bitcoin wallet and vault Xapo to operate in the country. percent for the day.

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Bitcoin cryptocurrency New York Operations 100

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. Bitcoin was created as a way to bypass the middleman of financial transactions — which, traditionally, is the bank itself.

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cryptocurrency Compliance Regulation Payments 283

Chris Skinner

JULY 25, 2017

Housed at the World Bank, CGAP’s mission is to improve the lives of poor people by spurring innovations and advancing knowledge and solutions that promote responsible, sustainable, inclusive financial markets. Avoiding intermediaries to access this basic infrastructure brings operational savings, ultimately lowering costs.

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ATM Bitcoin Retail blockchain 274

PYMNTS

NOVEMBER 20, 2019

Last week it was reported that RBC’s planned trading platform would “facilitate buying and selling of individual digital coins, including bitcoin ( BTC ) and ether ( ETH ), as well as the transfer of funds combining different types of cryptocurrencies.” RBC explained that the patents are unrelated to the development of a crypto exchange. “As

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Bitcoin cryptocurrency blockchain Security 108

PYMNTS

DECEMBER 4, 2020

About 10,000 Cubans have turned to bitcoin and altcoins, including ethereum and dogecoin, to skirt around U.S. The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement.

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cryptocurrency Bitcoin National US 152

PYMNTS

AUGUST 3, 2018

In potentially big bitcoin news, Starbucks is involved in a project that could help cryptocurrency holders spend their digital coins: The coffee chain said it is among the companies that will work with Intercontinental Exchange ’s planned digital asset company, dubbed Bakkt.

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Bank Innovation

DECEMBER 3, 2018

Bitcoin is no longer enjoying the limelight, non-bank giants like Amazon, Walmart and Google have shaken up the banking landscape and automation has become the norm in various aspects of banking with banks like using it in the backend of credit decision-making and lending. But which Bank Innovation stories caught […].

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Google Bitcoin Lending Innovation 170

PYMNTS

OCTOBER 4, 2019

The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. It is vital that Ohio explores innovative, new technologies and processes that continue to drive Ohio into the future,” he said.

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Ohio Taxes Bitcoin Payments 109

PYMNTS

JANUARY 20, 2020

Thus, the RBA is positing the creation and administration of a digital offering that would track the Australian dollar, as well as ostensibly sidestep the volatility that has marked the likes of bitcoin and its brethren. As a] unit of account, people don’t post their prices in bitcoin, even [at] bitcoin conferences.

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Retail Payments Bitcoin Policies 219

Bank Innovation

JANUARY 19, 2017

After waiting a year, the lender SoFi received the thumbs up to operate in New York, CFO Michael Tannenbaum said recently. Ah, New York: If you can make it here, you can make it anywhere, but to even try, you need a license. Luckily, SoFi and Coinbase just got theirs. Read More.

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New York Operations Bitcoin Online 150

PYMNTS

DECEMBER 23, 2020

billion to fund Ripple’s operations and enrich Larsen and Garlinghouse.” It’s an attack on the entire crypto industry and American innovation.” There had been speculation over whether the company would relocate its operations outside the U.S. based, consumer-friendly innovation in the process.”

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cryptocurrency Security Bitcoin Regulation 234

PYMNTS

JANUARY 11, 2021

Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. billion valuation.

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