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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Chris Skinner

SEPTEMBER 18, 2017

As mentioned on Friday, they see … The post The regulator’s view of bitcoin, 2017 appeared first on Chris Skinner's blog. These central banks have run trials and are thinking about it, but none of them are particularly big on blockchain right now.

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Bank Innovation

JANUARY 3, 2018

The central bank of China is tightening its grip on bitcoin mining in the state, telling local governments that it has the authority to regulate power usage for that mining. The People’s Bank of China cannot directly regulate power usage, Reuters reported today. However, the bank can ask local authorities to regulate it.

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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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Bank Innovation

OCTOBER 31, 2017

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. The announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300.

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Bank Innovation

AUGUST 29, 2017

Alexei Moiseev, Russia’s Deputy Finance Minister said bitcoin should be regulated as financial asset and not as a currency. He also likened bitcoin to a financial pyramid, noting that not everyone should be allowed to trade in the cryptocurrency.

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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

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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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

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

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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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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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

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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PYMNTS

NOVEMBER 6, 2019

The head of Facebook’s Libra project said he doesn’t consider bitcoin to be a currency because it’s simply too volatile. “I I don’t think of bitcoin as a currency. In fact, Marcus said that one of the main reasons bitcoin hasn’t been fully regulated is because it is not a currency.

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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

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

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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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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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

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

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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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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PYMNTS

OCTOBER 29, 2019

The Chinese state media advised people to stay levelheaded following a price escalation of bitcoin and blockchain stocks triggered by Chinese President Xi Jinping’s support, Reuters reported on Tuesday (Oct. Two years ago, Chinese regulators banned cryptocurrency and trading exchanges. The Shanghai Stock Exchange said Monday (Oct.

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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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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

AUGUST 4, 2019

Elliptic collaborated with researchers from the Massachusetts Institute of Technology (MIT) on the data set, which was taken from 200,000 bitcoin transactions worth $6 billion — the largest set of labeled transaction data publicly available in any digital currency in the world. As a result, 11 regulations have been lifted for the project.

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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

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

OCTOBER 9, 2019

The terms of engagement for innovations such as Libra must be adopted in advance of any launch. Regulations include transparency that shows economic fortitude. The bank will also foster innovation among FinTech firms, Carney said at the Innovate Finance Global Summit. authorities should use their powers accordingly.”.

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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

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. Lacewell said in a press release.

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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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PYMNTS

JULY 12, 2018

The person who spoke to Quartz , on the condition of anonymity, said that the issue “is about regulating the trade and we need to know where the money is coming from.” However, by allowing crypto assets as commodities, the country may be able to “better regulate trade … so that is being looked at,” the official said.

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Bitcoin Delaware cryptocurrency Regulation 104

PYMNTS

JANUARY 14, 2021

Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation. SAMA is debuting an open banking policy to further digital innovation in the financial services space. The country’s central bank said the plan is for open banking to go online in the first half of next year.

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PYMNTS

AUGUST 10, 2017

At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. While it took a dive over the summer, bitcoin now comfortably sits at just over $3,000. Once regulated at the top government level, it’s more likely that businesses will follow suit.

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cryptocurrency Bitcoin blockchain Regulation 115

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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