Bank Innovation

SEPTEMBER 15, 2017

The price of bitcoin continues to teeter today, with the cryptocurrency having lost a third of its value in the last week. Bitcoin’s sharp drop comes after rising uncertainty in the Chinese market, with two major Chinese currency exchanges, China BTC and ViaBTC, having announced that they will halt trading by the end of this […].

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PYMNTS

JANUARY 26, 2021

Bitcoin gets all the headlines. But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow.

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cryptocurrency Bitcoin blockchain FDIC 256

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. “The In a paper that debuted Tuesday (Nov.

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Regulation Bitcoin Cleveland Study 231

Bank Innovation

SEPTEMBER 11, 2017

Russia will start regulating cryptocurrency trading by the end of the year, according to the country’s Finance Minister. It is possible to regulate them, so the […].

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cryptocurrency Regulation Bitcoin 252

Bank Innovation

OCTOBER 30, 2017

Japan is the latest country to express concern over initial coin offerings and cryptocurrency, with its regulatory body the Financial Services Agency, or FSA, sending out a statement on the risks of ICOs to potential investors.

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Bitcoin Regulation cryptocurrency Payments 244

Bank Innovation

DECEMBER 7, 2017

cryptocurrency exchange bitFlyer wants to bridge the trading gap between two of the world’s largest bitcoin markets. Japan is the largest bitcoin trading market in the world, about 50% of it happens in there; the U.S. EXCLUSIVE — With its recent launch in the U.S.,

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cryptocurrency Bitcoin Operations Marketing 236

PYMNTS

JUNE 25, 2020

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. This MOU with SUNY is a strategic step to diversify and deepen the next wave of innovators in the virtual currency space in New York,” said Lacewell in a statement.

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New York cryptocurrency Regulation Innovation 240

Bank Innovation

APRIL 16, 2018

Coinsecure reported the loss of about 438 bitcoins, or about $3 million worth of the cryptocurrency, the Indian cryptocurrency platform reported. The hack was attributed to an employee who was extracting bitcoin for the platform’s customers, the company said in a statement last week, when the bitcoins were siphoned away during the process.

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Bitcoin Report cryptocurrency Company 218

PYMNTS

NOVEMBER 12, 2020

Providing Canadians and Canadian businesses with access to faster, data-rich payment options will enable innovation, support the long-term growth of the economy, and strengthen our global competitiveness.”. The RTR is expected to launch in 2022 and will be operated by Payments Canada and regulated by the Bank of Canada.

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Payments Innovation Risk Management System 345

Bank Innovation

SEPTEMBER 20, 2017

Mexican President Enrique Peña Nieto is presenting a legislation that proposes to regulate cryptocurrency to the Mexican Senate today, according to reports. The […].

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cryptocurrency Regulation Report Bitcoin 220

PYMNTS

NOVEMBER 10, 2020

The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

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PYMNTS

AUGUST 18, 2019

This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. Bakkt is now authorized to provide custody services for bitcoin along with the launch of physically delivered bitcoin futures contracts. 16) in a press release. Both entities are affiliates of Bakkt.

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Bitcoin New York United States Leadership 165

PYMNTS

JANUARY 26, 2021

“The main objective of this project launched together with WizKey is to support banks in managing credits, especially non-performing ones, in a standardized and secure manner in line with the indications of European regulators,” said Daniele Savarè, director of Innovation & Business Solutions at SIA, in the release.

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Bank Innovation

NOVEMBER 29, 2016

Bitcoin is anti-establishment. Yet Bitcoin is also a driver of innovation – which drives productivity and wealth creation which is what citizens want their governments to focus on. That is why the relaxed attitude to Bitcoin in wealthy Switzerland, where the Read More. It is feared by most governments and banks.

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Bitcoin Innovation blockchain Compliance 150

PYMNTS

JANUARY 29, 2020

The government’s policy and its regulations should be well known before enforcement happens, the policy said. If an agency intends to enforce its laws in new and innovative ways, it must first notify industry stakeholders of its intent to do so and the way in which existing law applies,” it said. Tanvi Ratna, CEO of Policy 4.0,

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Bitcoin Regulation blockchain Delaware 132

Bank Innovation

SEPTEMBER 21, 2017

China has reportedly banned all bitcoin executives from leaving its borders as part of the country’s crackdown on its cryptocurrency industry. Though these reports named bitcoin executives in particular, some see the move as the onset of a larger “war” between governments everywhere and all cryptocurrencies.

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cryptocurrency Bitcoin Industry Report 345

PYMNTS

JANUARY 9, 2018

Digital payment company PayPal is not betting on bitcoin as of now. In an interview with TheStreet.com, PayPal chief executive officer Dan Schulman said that while PayPal is focused on innovating in the payment market, it’s not focused specifically on the digital currency. “I

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Bitcoin blockchain cryptocurrency Innovation 131

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

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Bitcoin Regulation New York Video 108

PYMNTS

SEPTEMBER 28, 2018

In an effort to get more clarity on the regulation of digital currencies, U.S. The lawmakers are looking for the official to lay out how the agency plans to regulate digital currency in clearer terms, CNBC reported. representatives wrote to U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton.

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Regulation San Francisco US Bitcoin 139

Bank Innovation

JANUARY 23, 2018

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

cryptocurrency 255

cryptocurrency Bitcoin Regulation Operations 255

Bank Innovation

JANUARY 19, 2018

Securities and Exchange Commission, or SEC, has expressed serious reservations regarding bitcoin ETFs, in a public letter published on the regulator’s website yesterday. The reservations come at a time when bitcoin has experienced a series of falls in value, just wobbling over its previously celebrated mark of $10,000.

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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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Bitcoin Regulation cryptocurrency blockchain 123

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. The credit score itself, the FICO score, was an innovation brought to market in 1989 by the Fair Isaac Corporation.

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Report Regulation Data Retail 202

PYMNTS

JANUARY 31, 2021

The SEC contests that Ripple’s digital coin counts as a security and, as such, the SEC is allowed to regulate it. Ripple alleges that the SEC’s move “amounts to picking winners and losers” in the field, as fellow cryptocurrencies like bitcoin and Ether have not been subjected to such regulations. The move also “threatens U.S.

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cryptocurrency Bitcoin Regulation Security 230

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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Bitcoin Regulation cryptocurrency Marketing 120

Bank Innovation

FEBRUARY 20, 2018

Israel is going to put a tax on cryptocurrencies including bitcoin, regulators in the country said yesterday. According to a circular by Israel Tax Authority yesterday, the government said it looks at cryptocurrencies as a property rather than a currency, and therefore it will be taxable.

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cryptocurrency Taxes Bitcoin Regulation 240

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

PYMNTS

JULY 31, 2018

A fter beginning to recover from a months-long slide, bitcoin prices once again showed signs of weakness on Monday (July 30) after Goldman Sachs warned in a research note that the recent turnaround in prices will be short-lived, according to reports. The price of bitcoin, after briefly slipping below $8,000, was down 0.8

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Bitcoin Innovation cryptocurrency blockchain 107

PYMNTS

MARCH 9, 2018

While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified approach to cryptocurrency regulation — at least not yet, Reuters reported.

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Regulation Fintech cryptocurrency Bitcoin 133

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. He said it would be more positive with more financial aid.

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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. It also included banks outside this profile and represents a broad range of FIs reflective of the market.

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PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ).

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PYMNTS

AUGUST 3, 2017

All is not running business as usual in the bitcoin realm. Just last week, we reported on investors splitting off from bitcoin to create their own digital money dubbed Bitcoin Cash. The hope with this new bitcoin offering is to ramp up the number of transactions occurring in a shorter time frame.

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Bitcoin Retail cryptocurrency Regulation 101

Bank Innovation

APRIL 4, 2018

South African Reserve Bank (SARB), the country’s central bank, is laying the framework for regulating cryptocurrency by establishing a special unit to monitor developments in the space. The unit’s first task, according to a Finextra report, is to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

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cryptocurrency Regulation Report Bitcoin 186

PYMNTS

MAY 20, 2019

Securities and Exchange Commission (SEC) has delayed a decision to approve a bitcoin exchange-traded fund, asking for more comments in the meantime. The delay does not “indicate that the Commission has reached any conclusions with respect to any of the issues involved,” the regulator said, according to Bloomberg.

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Bank Innovation

APRIL 5, 2018

This time India’s central bank issued a statement today banning all entities that fall under its regulation, from dealing with any cryptocurrencies. Today’s statement read: Technological innovations, including […].

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cryptocurrency Regulation Innovation Technology 273

PYMNTS

MARCH 7, 2019

It might be the case that 2019 takes shape as a watershed year for payments regulation, marked by PSD2 and GDPR. However, the way payments innovation is pursued — and becomes reality — is changing, too. Stakeholders in the financial services and payments arenas are navigating new rules about how data is collected, stored and shared.

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