Bank Innovation

OCTOBER 16, 2017

Russian Minister of Communications and Mass Communications Nikolai Nikiforov has announced that the Russian state will “quickly” issue its own cryptocurrency, called the “CryptoRuble,” as reported by the Russian publication AIF.

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PYMNTS

JANUARY 26, 2021

But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. Wider adoption will be driven, in part, by regulatory frameworks that enhance security and foster trust in using cryptos in everyday commerce. They may or may not have had an online presence. Bitcoin gets all the headlines.

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Bank Innovation

SEPTEMBER 25, 2017

Even after shutting down dozens of bitcoin exchanges and banning bitcoin executives from leaving its borders, the“mouthpiece” for the People’s Bank of China, Financial News, published an article declaring that Beijing should “accelerate the process of launching a digital currency after it curbed the risks of [en]cryptocurrencies.”

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PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. The New York State Department of Financial Services (DFS) has proposed a conditional licensing framework that promises to make it easier for cryptocurrency startups.

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Bank Innovation

FEBRUARY 23, 2018

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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PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems.

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Abrigo

JANUARY 31, 2025

Protect banking clients by knowing crypto trends and red flags The turbulent cryptocurrency scene should put bankers on high alert. You might also like this whitepaper, "Understanding cryptocurrency." Offering many opportunities for investors, cryptocurrency is also a playground for scammers. billion in 2020.

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PYMNTS

DECEMBER 7, 2018

Coinbase, a platform that allows users to buy, sell and store cryptocurrency, said it is considering adding 30 new cryptocurrencies to its roster for trading, according to a report. Since last year, the online exchange platform exclusively featured bitcoin, Ethereum, Bitcoin Cash and Litecoin.

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PYMNTS

NOVEMBER 19, 2020

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I Freeman allegedly worked with five co-conspirators.

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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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PYMNTS

JUNE 8, 2020

He made those remarks at an online panel discussing the future of the world beyond the coronavirus pandemic, saying that new digital forms of currency may be able to sidestep the long-held throne of traditional cash and card payments. One way Buonomo could see it being done is if a new cryptocurrency were created and issued by a central bank.

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Abrigo

FEBRUARY 28, 2025

Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details. Start or enhance a customer fraud prevention plan.

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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

DECEMBER 30, 2020

A lawsuit filed by the Securities and Exchange Commission (SEC) against digital payments firm Ripple is heading to virtual court on Feb. billion in an unregistered securities offering of the digital coin XRP. The SEC considers XRP a security, however, and that is where the problem sits.

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Bank Innovation

MARCH 28, 2018

The Internet of Things is notoriously insecure — unsecured, or poorly secured IoT devices have contributed to a number of cyberattacks, and these are on the rise as the number of devices increases. There are more than 8 billion connected devices today, with over 20 billion estimated for 2020.

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PYMNTS

OCTOBER 7, 2020

if the country's cryptocurrency regulations aren't changed. He called the country's stance toward cryptocurrency hostile at the LA Blockchain Summit on Tuesday (Oct. Report: Dosh CEO On Giving Online Shoppers Safety And Speed At Sign-Up. Today’s online consumers don’t expect to have to choose between speed and security.

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PYMNTS

DECEMBER 28, 2020

at online trading platform eToro , said in the report there are "storm clouds" on the horizon for the form of currency. According to some proponents of bitcoin, the pandemic environment provided a perfect springboard from which a surge in cryptocurrency use could arise, Bloomberg reported. billion unregistered securities offering.

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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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Abrigo

MARCH 15, 2022

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .

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Abrigo

FEBRUARY 6, 2025

One particularly devastating variation of the confidence scam is " pig butchering ," a scheme in which scammers lure victims into fraudulent investments, most often in cryptocurrency, before disappearing with their funds. Verify the person's identity and use online tools to cross-check information.

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PYMNTS

JANUARY 22, 2018

The magic of cryptocurrency and ICOs. At that point, the tokens become secured, and Reedeux transfers any equivalent amount of the fiat currency to fund that production. We admire their spunk – but the media world is a very big place to try and conquer, particularly when doing it one piece of cryptocurrency at a time.

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Abrigo

DECEMBER 10, 2024

Romance scams: These scams involve fraudsters building online relationships with elderly victims, often through social media or dating apps. This newer form of cryptocurrency fraud targets older adults by luring them into fake investment schemes, sometimes taking months to coerce as much money from the victim as possible.

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PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. Cryptocurrency has become something of a go-to method for scammers , according to DOJ, as exchanges are often lightly regulated and there are no easy ways to follow the money.

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Bank Innovation

OCTOBER 5, 2017

The White House and Equifax, admittedly two of the nation’s least trusted institutions at the moment, agree that social security as unique identifiers have to go.

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PYMNTS

DECEMBER 13, 2017

Online retailer eBay , following in the footsteps of Overstock.com, is contemplating allowing bitcoin as a payment method. He noted that eBay is currently focused on the holiday shopping season, which is turning out to be a strong one for online retailers. . percent stake in Overstock.

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PYMNTS

JANUARY 23, 2020

The European Union’s long-anticipated 5th Anti-Money Laundering Directive (5AMLD), which modernizes security rules to reflect the needs and threats facing today’s economy, took effect in mid-January, and its impacts are already being felt across the payments space. Fiat-focused digital wallets must also boost their security.

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PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used.

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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

DECEMBER 1, 2019

The Bank of Russia has voiced its support for a ban on cryptocurrency payments, saying that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.”. “If And IBM has won a blockchain patent that would stop drones from stealing packages from consumers.

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Abrigo

MARCH 12, 2025

They frequently request payments through wire transfers, cryptocurrency, or gift cardsmethods that are difficult to trace and recover. Donors are advised to verify the registration and legitimacy of charities before contributing as misleading charitable appeals have become especially prevalent online.

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PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S. Cryptos also help bad actors avoid sanctions.

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PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The proposal also mandates more disclosure on "online advertising and on the algorithms used to recommend content to users.". In the nascent and burgeoning cryptocurrency space, the U.S.

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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.

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PYMNTS

DECEMBER 11, 2020

Of the more adventurous paths in global finance and the protection of it, cryptocurrencies and stablecoins getting attention as they heat up and blockchain lays out new digital-first rails. The zeal with which crooks are now targeting cryptocurrencies signals the need for additional layers of security.

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PYMNTS

APRIL 11, 2019

Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., said the Coinbase Card is funded by customers’ Coinbase account crypto balances, giving them the ability to pay in-store and online with bitcoin , ethereum, litecoin and other digital tokens.

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PYMNTS

APRIL 21, 2020

Ripple said it wants to protect its customers from disingenuous online giveaways and impersonations pretending to be from the company. The giveaways, Ripple explained, constitute fraudulent online contests where people are told if they send money, they could get more in return, usually through airdrop.

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PYMNTS

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. So, use your credit card to buy cryptocurrency that you give a scammer and you might be stuck.

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