Chris Skinner

NOVEMBER 3, 2017

I was thinking about this question of how to regulate global technology platforms that don’t recognise national boundaries, mainly in the context of crypto and digital currencies. How can you regulate a global currency that has no view of state or national laws?

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Chris Skinner

FEBRUARY 15, 2018

I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog.

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PYMNTS

MARCH 29, 2019

Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. This is to inform Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, ” the announcement said.

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Bank Innovation

OCTOBER 17, 2017

EXCLUSIVE — Spanish banks, along with certain Spanish telecommunication companies, have come together to establish a national network based on blockchain. The consortium is called Alastria.

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PYMNTS

NOVEMBER 25, 2020

The Federal Ministry of Finance in Nigeria is said to be in discussions with the securities watchdog in the country to create a new digital currency and blockchain structure, Cointelegraph reported. In other news, The Australian Border Force (ABF) is holding a blockchain pilot with Singapore, according to an announcement.

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Bank Innovation

MAY 26, 2017

And blockchain innovation is no exception, Arshi Singh, head of North America product at international payments processor CurrencyCloud, told Bank Innovation: Regulatory landscape and compliance concerns are the main barriers to […].

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Chris Skinner

JANUARY 7, 2018

The timing wasn’t great as most of the City was out getting smashed at Christmas parties, so I thought it best to put it aside until the New Year hangovers … The post What does the FCA think about blockchain? appeared first on Chris Skinner's blog.

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PYMNTS

MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A

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Bank Innovation

JUNE 12, 2017

As the year saw changes in financial regulation, startup culture, and trends in venture capital, innovation moved forward: blockchain labs were made, funding was fought for, mobile payment systems were integrated, and the limits of artificial […].

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PYMNTS

APRIL 16, 2019

Recently, some developers in the IoT space have been exploring the use of blockchain technology to secure connected devices, and bring transparency to transactions and data collection. Another recently introduced piece of legislation aims to protect individuals by regulating facial-recognition cameras. Meanwhile, the U.S.

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PYMNTS

JULY 2, 2020

The blockchain has been touted as the solution for any host of information and asset transfer issues — due in part to the fact that data in a blockchain cannot be altered (i.e. Lack of access to banking is a significant issue for blockchain projects, even today,” Public Mint said. is immutable).

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PYMNTS

MARCH 9, 2020

There are two terms seen a lot in juxtaposition to supply chain lately: coronavirus and blockchain. Some new use cases and a new report put blockchain and the supply chain in perspective. That “single version of the truth” (similar to a bank balance) is the blockchain version of trust.

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PYMNTS

DECEMBER 4, 2018

Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe. Speakers at the event focused on the benefits of blockchain technology for companies and lawmakers.

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PYMNTS

APRIL 5, 2019

A new blockchain association has been created to promote the adoption of the technology across the European Union. The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations.

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PYMNTS

SEPTEMBER 15, 2020

PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. There is very much still this need to bridge traditional markets and regulation with this FinTech 2.0, For some, that means embracing solutions built atop existing rails, or exploring new ones altogether.

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PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report.

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Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

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Chris Skinner

SEPTEMBER 18, 2017

As part of the blockchain conference, I chaired a session with some central bankers talking about their views on distributed ledger technologies. 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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PYMNTS

MARCH 1, 2018

Banking and financial services firm HSBC says its blockchain-based trade finance solution is ready to launch — in pilot phase, at least. In addition, Kroeker highlighted HSBC’s focus on documentary credit as a key area that can be improved using technologies like blockchain. According to Wednesday (Feb.

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PYMNTS

JANUARY 16, 2019

In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. IoT Gains Traction With Blockchain.

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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. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.

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Bank Innovation

DECEMBER 30, 2016

If nothing else, 2016 was a year of change—nowhere more than in fintech, where developments in blockchain, payments, artificial intelligence, financial regulations, chatbots, and mobile rippled across the space to do what fintech does best—disrupt. With that in mind, let’s take a look back at our top ten fintech headlines Read More.

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Bank Innovation

SEPTEMBER 12, 2017

Joshua Klayman, who heads the Blockchain + Smart Contracts Group at International Law Firm Morrison Foerster, points out in an interview with Bank Innovation that, so far, all governments that have issued statements on cryptocurrencies […].

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PYMNTS

NOVEMBER 7, 2018

Blockchain , the crypto wallet provider, plans to have an airdrop worth $125 million, Fortune reported. The company said in a statement, “Accessible to anyone with a Blockchain Wallet, the first batch of recipients will receive their lumens, Stellar’s native digital currency, this week — for free.” 6 biggest digital currency.

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PYMNTS

SEPTEMBER 30, 2018

In other news, billionaire Li Xiaolai, the founder of Beijing-based venture capital firm BitFund , announced that he is giving up on the blockchain and initial coin offering (ICO) space. From this day on, Li Xiaolai personally will not invest in any projects (whether it is blockchain or early stage).

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PYMNTS

NOVEMBER 27, 2018

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. Abubakar added that regulation will “provide clarity” and allow for jobs and income for Nigeria.

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PYMNTS

SEPTEMBER 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC).

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PYMNTS

AUGUST 9, 2020

South Korean highways could see blockchain-based toll booths before the end of the year, according to a report from Crypto News. KEB Hana Bank , one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services. They still have to inform NYDFS before using the coin, though.

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Bank Innovation

MAY 25, 2018

For years, as financial services became increasingly digital, credit scoring remained stubbornly unchanged, but there are indications, from the regulators on down to startups, that this is finally changing. New companies in the credit-scoring space are using AI and […].

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PYMNTS

FEBRUARY 24, 2020

24) that it is finishing up a proof of concept (POC) with CULedger and Baxter Credit Union (BCU) for a blockchain-based decentralized identification platform. CULedger’s MemberPass solution is a blockchain-based system that facilitates frictionless identity verification.

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PYMNTS

FEBRUARY 6, 2019

That leads us to the latest discussion about the potential role that blockchain can play in healthcare data. Then, regulators can see tangible use cases” that prove the appeal of blockchain in the healthcare space. Blockchain has become one of the hottest topics in payments, commerce and digital security over the last few years.

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PYMNTS

JANUARY 31, 2019

Financial messaging service SWIFT said this past week that it has fashioned a partnership with R3 , a blockchain startup. The mechanics of the relationship are that financial institutions (FIs) using the blockchain offering known as Corda will authorize and, ultimately, settle payments through a gateway known as the gpi Link.

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PYMNTS

APRIL 14, 2019

The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology.

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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. Charles Hoskinson, founder of IOHK , which makes Cardano, said in a recent Cointelgraph interview that the crypto-native chip is being created at the IOHK lab at the University of Wyoming.

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PYMNTS

DECEMBER 23, 2020

Plus, Contour completes blockchain trade finance transaction, Liberis raises funding for SME financing, Pakistan eyes digitizing supply chains, and Ripple faces SEC charges. Contour Completes Blockchain Transaction Between Two Cos. Today in B2B payments, lenders land SMB relief support in U.S. pandemic aid package.

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PYMNTS

MARCH 6, 2019

Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. Havell Rodrigues, CEO of Adjoint , a firm that offers blockchain solutions for treasury through smart contracts, noted in an interview with PYMNTS that the overall economy is moving toward a state of 24/7, always-on-demand functionality.

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Chris Skinner

JULY 24, 2018

Building on yesterday’s discussions of regulating, I got copied on a letter that’s doing the rounds from Sam Woods, Deputy Governor of the PRA (the Prudential Regulatory Authority). It lays out the official position and expectations of the regulator when financial insitutions are dealing with crypto-assets.

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