Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs.

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PYMNTS

MARCH 18, 2019

JPMorgan Chase isn’t the only bank that has been working on a cryptocurrency. When Citi kicked off the development in 2015, it code-named the cryptocurrency Citicoin, but never formally announced the project. That’s not to say Citi is abandoning blockchain, the technology that underpins cryptocurrency.

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PYMNTS

FEBRUARY 10, 2020

London FinTech startup DAG Global is going after the first merchant bank license in the U.K. that serves cryptocurrency businesses, multiple reports indicated on Monday (Feb. regulators, including the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

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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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PYMNTS

JULY 24, 2020

Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. While Revolut has emerged as one of the biggest players in the crowded FinTech sector, it has yet to make a profit. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co.,

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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. EXCLUSIVE — With its recent launch in the U.S., Japan is the largest bitcoin trading market in the world, about 50% of it happens in there; the U.S.

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Chris Skinner

JUNE 19, 2019

If Facebook launch a cryptocurrency, will US government shut it down? … and the fact that most regulators won’t like it. I’ve blogged a few times about Facebook planning to launch a currency … Will Facebook become the world’s central bank?

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PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth.

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PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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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. ius noted, this is often because the heart of the cryptocurrency industry is often at odds with the nuances of regulation.

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Chris Skinner

JULY 11, 2019

I’m avoiding calling it a cryptocurrency, as it’s more a stablecoin that is focused upon transactions, which is why it has Visa, … The post The regulator’s view of Facebook’s Libra currency appeared first on Chris Skinner's blog.

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Chris Skinner

JULY 29, 2019

I have this debate often: Why governments will fail to block the emergence of cryptocurrencies such as Bitcoin Can you have decentralised exchange without centralised control? How do governments regulate a networked world? Is the world being democratised through technology? A world without money A world without government? …

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Chris Skinner

JUNE 16, 2017

From Wikipedia: “An initial coin offering (ICO) is a means of crowdfunding the release of a new cryptocurrency. Generally, tokens for the new cryptocurrency are sold to raise money for technical development before the cryptocurrency is released. And unlike an IPO, there is little or no government regulation of an ICO.

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Bank Innovation

SEPTEMBER 26, 2017

Several banks in Singapore have closed the accounts of an estimated 10 firms specializing in cryptocurrency and payments services.

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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. Signal CEO Moxie Marlinspike “played down,” the cryptocurrency developments, telling Platformer it was only some “design explorations.”.

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PYMNTS

DECEMBER 16, 2020

Ternio , a global FinTech platform, has integrated with Plaid , a financial data company, to help Ternio BlockCard bank accounts access faster and more secure connections to financial accounts, according to a press release. dollars between all of their accounts.”.

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PYMNTS

SEPTEMBER 12, 2019

billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. The growing prevalence of cryptocurrencies is also complicating the finance sectors’ security efforts.

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PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Or at least they didn’t until now. Crypto’s Path To Spendability.

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PYMNTS

AUGUST 21, 2019

The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. That series will focus on global technology trends across financial services and how FinTechs and banks can work together across those efforts.

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PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. The Mainstream Move To Tame The Wild West.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.

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PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. or European central bankers and regulators. “I You Can’t Spend It. Privacy And Security.

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PYMNTS

OCTOBER 12, 2020

The FinTech, which claims London as home, is likely to apply for a charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within the next few weeks, people with inside information told CNBC. The nature of the market for FinTech startups breaking into the larger U.S.

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PYMNTS

SEPTEMBER 4, 2019

B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. The company was among 40 FinTechs accepted into the Accelerator. Existing backers have already committed about $164,000 of this funding round, Ambikar said.

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Bank Innovation

SEPTEMBER 27, 2017

fintech firm, Bittrex, and South Korean app developer, Dunamu, an affiliate of the country’s largest messaging platform, Kakao, have teamed up to launch a new, massive cryptocurrency exchange platform in South Korea.

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PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. 11) that having a U.K. billion valuation. billion valuation.

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Bank Innovation

AUGUST 28, 2017

Chinese regulators are considering banning initial coin offerings altogether.

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PYMNTS

JULY 15, 2020

European FinTech Revolut, which recently debuted in the U.S. with an app and debit card, is expanding its range of services into the realm of cryptocurrency trading with a big assist from Paxos. In a Wednesday (July 15) press release, Paxos Trust Co. said Revolut is its first customer for its new product, the Paxos Crypto Brokerage.

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PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers. If the U.S.

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PYMNTS

JULY 22, 2020

FinTech TradeCore rolled out a platform that helps new financial institutions (FIs) launch quickly and easily, according to a Financial IT report. CEO Stefan Pajkovic founded the company to help emerging FinTechs find their way through the industry’s regulations and licensing requirements.

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PYMNTS

JANUARY 16, 2020

s Financial Conduct Authority (FCA) took the reins on oversight of cryptocurrency asset oversight — specifically, oversight of anti-money laundering (AML) and counter terrorist financing (CTF) activities. The latest moves come after a ban on certain cryptocurrency related activities in July of last year. Earlier this month, the U.K.’s

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PYMNTS

OCTOBER 23, 2020

The FinTech company is most renowned for its XRP digital currency, CNBC reported. A “security” designation could put XRP under stringent new regulations. Ripple is currently in the midst of legal trouble with the Securities and Exchange Commission (SEC) and investors over the security status of the XRP cryptocurrency.

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Bank Innovation

NOVEMBER 14, 2017

The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI. Innovation in this highly regulated field is necessary, and even giants are rising to the challenge and trying to get more customer-friendly, agile or at least aligned to the new standards set by start-ups.

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Gonzobanker

JANUARY 4, 2022

These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. consumers, 60% of crypto owners would use their bank to invest in cryptocurrencies. This is nonsense.

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Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

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Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

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PYMNTS

DECEMBER 20, 2018

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. Regulators have yet to develop policies over how digital tokens trading should work and who can engage in it, reported Reuters.

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