Bank Innovation

OCTOBER 18, 2017

The Russian government is poised to launch the world’s first national cryptocurrency, the CryptoRuble, in the next few weeks, after which it will likely ban all other cryptocurrencies, effectively establishing a state monopoly over the Russian cryptocurrency market.

cryptocurrency 236

cryptocurrency National Marketing Compliance 236

PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S. Even the U.S.

cryptocurrency 241

cryptocurrency United States Security Bitcoin 241

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . 21) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins.

cryptocurrency 345

cryptocurrency Regulation Financial Technology Meeting 345

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.

National 267

National blockchain Company Regulation 267

PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.

cryptocurrency 163

cryptocurrency New York New York City Study 163

PYMNTS

DECEMBER 4, 2020

They convert their fiat currency into cryptocurrency, which middlemen in Cuba then bid on and pay for in cash to the sellers’ family members in Cuba. The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement.

cryptocurrency 152

cryptocurrency Bitcoin National US 152

PYMNTS

NOVEMBER 4, 2020

Toward that end, and more mainstream use cases, getting the rails in place to speed and streamline transactions, regardless of the cryptocurrency used, remains key. As spotlighted in this space , Ternio said it has joined Visa’s Fast Track as a cryptocurrency-focused enablement partner.

Bitcoin 208

Bitcoin cryptocurrency Massachusetts Boston 208

PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

Bitcoin 354

Bitcoin US Regulation cryptocurrency 354

PYMNTS

OCTOBER 18, 2018

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. Part of the initiative includes the SBA’s guidelines to the nation’s traditional financial services market on how to service these industry players while maintaining compliance.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. With an estimated population of just 5.47

National 133

National Training Bitcoin Samsung 133

PYMNTS

FEBRUARY 28, 2020

The BoE has warned about Facebook’s proposed cryptocurrency Libra , as well as other digital coins, and how they must be carefully considered before being approved. The group will be co-chaired by Cunliffe and former ECB official Benoit Coeure , who helms the BIS Innovation Hub.

social media 239

social media cryptocurrency Study Groups 239

PYMNTS

JUNE 25, 2018

Schweizerische Nationalbank Board Director Thomas Moser said he doesn’t think it’s the right time to talk about issuing a national cryptocurrency for the country. In fact, late last year, Vontobel , the Swiss bank, decided to give investors the ability to bet against cryptocurrency with the launch two mini futures to short bitcoin.

National 101

National Bitcoin cryptocurrency blockchain 101

PYMNTS

JULY 22, 2019

And there is no shortage of interest in the region in that ability, with particular interest coming from the financial services sector, the cryptocurrency markets and in the healthcare vertical. The Latin American market isn’t going to slow down — not from an innovation standpoint, and not from a regulatory standpoint.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.

National 100

National cryptocurrency Study Comparison 100

PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies.

blockchain 160

blockchain cryptocurrency Bitcoin Compliance 160

PYMNTS

JULY 15, 2019

Of all the banking institutions releasing Q2 earnings this week, watch for JPMorgan, whose strong performance can be credited to a growing millennial customer base and continued digital innovation. Digital innovation enhanced the company’s Q1 earnings performance, which surpassed analyst’s predictions.

Innovation 139

Innovation Millennials Conference cryptocurrency 139

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” The key phrase above is “any lawful business.”

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

SEPTEMBER 21, 2018

Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. Experts said blockchain innovators struggling to access the traditional financial services sector have been pushed out because of it.

blockchain 187

blockchain Guidelines cryptocurrency Innovation 187

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. In the nascent and burgeoning cryptocurrency space, the U.S.

Regulation 352

Regulation social media Course Apple 352

PYMNTS

OCTOBER 10, 2019

“The incumbent will be responsible for driving product strategy and growth, overseeing daily product management routines, and overseeing the development of new initiatives that result in an innovative and highly competitive product offering.”.

Management 191

Management Report cryptocurrency America 191

PYMNTS

SEPTEMBER 17, 2020

Two individuals from Russia who were recently sanctioned by the Treasury Department purportedly put into place copycat websites for cryptocurrency exchanges that that tricked people into providing login information, CoinDesk reported. After that time, they purportedly stole ether, bitcoin and NEO to the tune of $20 million.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

JANUARY 21, 2020

A recent report from the United Nations indicates that tech advances in the remittance marketplace “could help enable financial inclusion for hundreds of millions of people in the Asia-Pacific region.”. MoneyGram said the capital would be earmarked to develop and expand its On-Demand Liquidity payment system, which uses XRP cryptocurrency.

Regional 250

Regional cryptocurrency System National 250

PYMNTS

NOVEMBER 25, 2019

During the 3rd National Technology Business Incubator Summit (TBI Summit), the company revealed that it signed a memorandum of agreement with the Philippine Council for Industry, Energy, and Emerging Technology Research and Development (PCIEETRD) – DOST. “We

blockchain 154

blockchain cryptocurrency Bitcoin Industry 154

PYMNTS

OCTOBER 16, 2018

The initiative, as noted by Managing Director Ravi Menon of the Monetary Authority of Singapore (MAS), “is to bring the banks and cryptocurrency FinTech startups together to see if there is some understanding they can reach,” he told the publication, adding that there exists a hurdle between those camps.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb. He sent the letter ahead of the 2020 IIF G20 Conference happening in Riyadh, Saudi Arabia this weekend, Feb.

cryptocurrency 194

cryptocurrency Meeting Conference Innovation 194

PYMNTS

NOVEMBER 15, 2020

The press release for that undertaking made no mention of digital currency specifically, although Victoria Cleland , executive director for banking, payments and innovation at the BoE, said at the time that it would help keep the U.K. at the cutting edge of payments innovation.

Innovation 259

Innovation National Regulation Report 259

PYMNTS

JANUARY 3, 2019

According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies. This, said the Review , will be the way that blockchain becomes normal. In the U.S.,

blockchain 195

blockchain cryptocurrency Security Report 195

Perficient

JUNE 25, 2024

Learning from history, he referenced the lack of regulatory controls in derivatives and financial engineering before the 2008 financial crisis, and more recently, the unregulated growth of cryptocurrencies leading to the “Crypto Winter” of 2022. The evolution of electronic trading provides a valuable case study to consider.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Bank Innovation

SEPTEMBER 29, 2017

In an announcement released today, South Korea’s Financial Service Commission stated that tighter control over cryptocurrencies is necessary, as ICOs are increasing the risk of financial scams. Following in China’s footsteps, South Korea has banned all ICOs. It also announced that businesses issuing ICOs will face “stern penalties.”

cryptocurrency 218

cryptocurrency National Bitcoin Security 218

PYMNTS

MARCH 22, 2019

“Central banks do not put a brake on innovations just for the sake of it. As cryptocurrencies rise in popularity, there’s been a drop in cash for payments in places like Sweden. The Swiss National Bank said it saw no reason to do so, but a handful of central banks are expected to issue their own currency in the next ten years.

Bitcoin 172

Bitcoin cryptocurrency United States Policies 172

PYMNTS

MARCH 15, 2019

Commerce Department is expanding its Trade Finance Advisory Council (TFAC), having recently appointed 21 new members to the group in an effort to explore innovation in and access to trade finance. ” Other members of the group include Mastercard, John Deere, City National Bank and First American Bank.

blockchain 190

blockchain cryptocurrency Bitcoin Groups 190

PYMNTS

MARCH 14, 2019

And there, Kohli said, innovation is helping corporates adapt to and manage these global risks. The rise of third-party payment providers, and the opportunity for traditional institutions to collaborate with them, has also opened doors for cross-border payments innovation. Treasurers’ Biggest Worries.

Payments 193

Payments Innovation National Fraud 193

PYMNTS

SEPTEMBER 12, 2018

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. And patents? Well, consider them a form of competitive advantage.

blockchain 201

blockchain Puerto Rico social media Innovation 201

PYMNTS

DECEMBER 7, 2018

a “leader in the cryptocurrency industry,” CoinDesk reported. That’s why we must ensure that the United States is at the forefront of protecting consumers and the financial well-being of virtual currency investors, while also promoting an environment of innovation to maximize the potential of these technological advances,” the lawmakers said.

Regulation 139

Regulation US cryptocurrency blockchain 139

Bank Innovation

AUGUST 30, 2017

The center will be based at the National University of Science and Technology in Moscow. The Russian state-owned bank, Vnesheconombank will open a special research center focused on blockchain in September. The launch of the center came at the request of President Vladimir Putin, according to reports.

blockchain 275

blockchain National Report Technology 275

PYMNTS

JANUARY 19, 2020

In addition, t he bill would promote the growth of innovation, and thwart regulatory hindrance, while safeguarding people. “Oklahoma is committing to partner with innovative technology, help develop next-generation financial products, and safely grow unique technical and financial sectors in this state,” the bill said. .

Bitcoin 133

Bitcoin blockchain Oklahoma cryptocurrency 133

PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.

cryptocurrency 108

cryptocurrency National Study Comparison 108