CB Insights

OCTOBER 29, 2020

Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. Currently, complex processes are needed to ensure regulatory compliance and enable secure, trustworthy trades. Examples include Circle’s USDC, Ripple’s XRP, and Gemini’s GUSD.

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PYMNTS

OCTOBER 12, 2020

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. BitMEX has announced a new Chief Compliance Officer in Malcolm Wright, who will serve in the role for 100x Group, which operates HDR Global Trading Limited, which runs BitMEX.

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PYMNTS

APRIL 13, 2018

Intense industry hype and alarming cryptocurrency volatility have led regulators the world over to perk up their ears to the growing number of cryptocurrency exchanges. The company’s business model as a cryptocurrency exchange operator means the company takes the position that some digital assets are securities. A property?

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CFPB Monitor

APRIL 25, 2022

Anchorage is not any regular entity overseen by the OCC: it is a cryptocurrency custodian. As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance.

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CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.

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PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

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PYMNTS

JULY 24, 2020

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co., Last week, Revolut, which recently debuted in the U.S. the New York-based settlement platform.

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PYMNTS

SEPTEMBER 28, 2017

Proponents favor them because they are seen as a better way to bring in funding than looking to traditional venture capital-controlled channels. This move clearly increases pressure on existing exchanges that traffic in tokens that could be deemed securities to come into compliance with SEC and FINRA regulations.”.

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PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters.

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PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. The cryptocurrency would have to meet stringent standards regarding protecting customers and also in terms of preventing money laundering. .”

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PYMNTS

APRIL 10, 2019

The DFS cited deficiencies in capital, according to Reuters , and “failure to demonstrate that it will conduct its business honestly, fairly, equitably, carefully, and efficiently.”. Corporate responsibility is in our DNA and our commitment to regulatory and compliance guidelines is second to none,” Bittrex said.

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CB Insights

AUGUST 10, 2021

The round drew participation from Point72 Ventures, Uncork Capital, Tom Glocer, and Winklevoss Capital, among others. How’s the company performing? New York-based Messari’s crypto analytics tools and research database enables investors to explore opportunities in the emerging asset class. Want the full post?

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PYMNTS

JANUARY 10, 2020

Deribit , a popular global cryptocurrency options exchange, is moving to Panama in February to sidestep the Netherlands’ upcoming regulation changes on the industry, according to Bloomberg. In other news, blockchain compliance startup Securrency has received $17.65 million in a Series A funding round, led by WisdomTree.

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PYMNTS

JUNE 13, 2019

New rules by the Financial Action Task Force on Money Laundering (FATF), which will require cryptocurrency businesses to verify the identities of anyone sending or receiving more than $1,000 worth of digital assets, are set to go into effect on June 21.

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Payments Source

JULY 11, 2019

The SEC is paying close attention to cryptocurrency, though its efforts may be counter to its priority to foster innovation and capital formation in the U.S., contends Bill Martin, a lawyer in the New York office of O'Melveny & Myers.

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Let's Talk Payments

APRIL 20, 2016

Cryptocurrencies seem to be taking a special place in the minds of financial industry professionals as a wide range of cryptocurrencies have reached quite a significant market capitalization and turnover.

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PYMNTS

JUNE 27, 2018

If the deal is finalized, Uphold’s compliance footprint will be expanded, as well as its customer base and service offering. Uphold is the creator of an open, transparent digital money platform that allows users to quickly and safely access traditional currencies, cryptocurrencies and other investments in one place.

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PYMNTS

JULY 27, 2020

Australia and Singapore … rolling out Revolut’s banking operations in Europe … strengthening risk management and compliance … multiple new product launches … $580m in new equity … and customer base up around 2.5x!” The investor was TSG Capital Partners, according to TechCrunch.

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PYMNTS

JULY 1, 2019

Despite the obvious regulatory hurdles that Facebook’s recently announced cryptocurrency is facing, the company is moving forward with its plan to provide the world with an accessible global currency, according to reports. Facebook has registered Calibra, the wallet that will hold the currency, as a money service business with the U.S.

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CFPB Monitor

NOVEMBER 29, 2021

The 2022 clarity promised by the “roadmap” presumably will supersede, once issued, Interpretive Letter #1179, which appears to function as a general stop-gap until the 2022 publications hopefully provide more detail regarding exactly how banks can attain compliance. Federal banking regulators have been busy in this space.

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PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

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CB Insights

SEPTEMBER 7, 2021

Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. Exchanges: These companies provide platforms for buying, selling, and trading cryptocurrencies.

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CFPB Monitor

AUGUST 1, 2022

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

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PYMNTS

MAY 28, 2018

Venture capital is for the firms and the individuals with the wherewithal to commit hundreds of millions of dollars. Conversely, there is always risk in those same investments, in terms of loss of capital. To that end, Andra Capital said late last month that it would launch a fund geared toward technology investments.

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PYMNTS

DECEMBER 7, 2017

There is a huge gap right now, and traditional accounting software doesn’t integrate with blockchains and cryptocurrencies.”. He added that accounting solutions have to be able to connect directly into the dozens of cryptocurrency exchanges in operation today where crypto-trading occurs.

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American Banker

SEPTEMBER 18, 2024

As Silvergate Capital filed for Chapter 11 bankruptcy protection, an executive said the company's crypto-friendly bank went down last year because regulators soured on its business model.

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PYMNTS

OCTOBER 11, 2018

In news that may be separated from the vagaries of cryptocurrency trading, Banco Santander said this week that it will use Ripple’s ledger, bringing payments across the bank’s OnePay FX platform. Beyond that trading, noted Forbes , there has been speculation that banks would embrace Ripple to move money through cross-border conduits.

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PYMNTS

JANUARY 6, 2019

In other news, Vaishali Mehta, who worked as a senior compliance manager at Coinbase, has left the company to become the head of compliance for TrustToken , which produces the TrueUSD stablecoin. Crypto is an exciting place, and I have been lucky to have been a part of this ‘madness,’” Mehta told CoinDesk.

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PYMNTS

JANUARY 17, 2019

As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. Employees and a shifting talent landscape have introduced the demand for payroll flexibility. ” In the U.S.,

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Payments Source

DECEMBER 28, 2017

EXCLUSIVE – Public blockchain platform Waves is launching a new blockchain venture product called Basics Fund to focus on investing in crypto-assets and pre-sale ICO tokens. The fund is dedicated to investment in blockchain infrastructure, specifically in a diversified portfolio of promising startup projects in the blockchain space.

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PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. As a licensed exchange, BitBay has to follow the market standards.

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Bank Innovation

FEBRUARY 19, 2019

Community Capital Technologies, Denizen Financial, Diro Inc., The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

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PYMNTS

JANUARY 20, 2017

ChronoBank.io, the cryptocurrency company that is trying to change the short-term labor market, is aiming to launch an exchange early next year where buyers and sellers of different trades can trade skills for money and time. million in venture capital funding by AXL Strategic Partners. ChronoBank.io

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PYMNTS

MARCH 6, 2018

Payments and commerce so often boil down to giving consumers what they want, and the same is looking to be true for blockchain , the popular distributed ledger technology underlying cryptocurrencies such as bitcoin, Ethereum and Litecoin. Conversely, there are a few even bigger names looking to get into the game. percent in favor and only 21.9

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PYMNTS

MARCH 23, 2018

The company raised $20 million , reports this week said, with China-based cryptocurrency hedge fund FBG Capital leading the way. INBlockchain and Kenetic Capital also participated, according to reports. Aldrich Capital Partners announced a $26 million equity investment in accounts payable company Paymerang. B2B payments.

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BankUnderground

AUGUST 9, 2022

Widespread adoption of crypto in the metaverse, or any other setting would require compliance with robust consumer protection and financial stability regulatory frameworks. Types of cryptoasset include non-fungible tokens (NFTs), cryptocurrencies, utility and security tokens. The role of cryptoassets.

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PYMNTS

JULY 31, 2019

Through our efforts, we have infinite faith in promoting the development of this industry while addressing major issues surrounding market integrity, compliance, practice standards and business models.

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