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European Central Banks Demand Strict Cryptocurrency Regulations

PYMNTS

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. In a joint statement Friday (Sept. The association declined to comment, Reuters reported.

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China Does a 180° on Cryptocurrency

Bank Innovation

China has reportedly banned all bitcoin executives from leaving its borders as part of the country’s crackdown on its cryptocurrency industry. Though these reports named bitcoin executives in particular, some see the move as the onset of a larger “war” between governments everywhere and all cryptocurrencies.

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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

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Wells Fargo Has No Plans to Ban Cryptocurrency Purchases on Its Cards

Bank Innovation

EXCLUSIVE – Wells Fargo will not be joining some of the other big banks in banning its customers from purchasing cryptocurrency with their credit/debit cards, Bank Innovation has learned.

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10 Most Innovative CEOs in Banking 2017

Bank Innovation

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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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

PayPal is opening its network to allow consumers to shop using cryptocurrency. It is the rule of thumb, when it comes to secular change, that very few innovations come along to rapidly change the state of payments themselves. Square bought $50 million of bitcoin. Morgan said late in the month that it has gone live with JPM Coin.

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China Likely to License Cryptocurrency Exchanges

Bank Innovation

The People’s Republic of China will likely re-legalize cryptocurrency trading, ending its nation-wide ban on crypto exchanges from early September, as reported by cnLedger, a well-known source on cryptocurrency news in China.