PYMNTS

JUNE 25, 2020

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The existing licensee would provide the startup with the operational, staffing, and other support until it can obtain a full DFS virtual currency license.

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New York cryptocurrency Regulation Innovation 240

Bank Innovation

SEPTEMBER 20, 2017

Mexican President Enrique Peña Nieto is presenting a legislation that proposes to regulate cryptocurrency to the Mexican Senate today, according to reports. The […].

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Abrigo

JUNE 3, 2021

Cryptocurrency continues gaining traction. As the cryptocurrency industry continues to expand, financial institutions must remain vigilant to thwart cybercriminals. Takeaway 1 The cryptocurrency industry has expanded quickly. What's going on in cryptocurrency? Cryptocurrency industry expands quickly. Risks ahead.

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Perficient

OCTOBER 24, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

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Bank Innovation

FEBRUARY 16, 2018

It’s not surprising that the Japanese government tighten its grip on cryptocurrency exchanges following a major hack a few weeks ago. Today, the Japanese government said it will start an inspection on 15 unlicensed cryptocurrency exchanges.

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PYMNTS

AUGUST 21, 2020

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .

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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. Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. Wirecard Files For Insolvency, Seeks Court Protection.

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New York cryptocurrency Regulation Samsung 248

Bank Innovation

APRIL 4, 2018

South African Reserve Bank (SARB), the country’s central bank, is laying the framework for regulating cryptocurrency by establishing a special unit to monitor developments in the space. The unit’s first task, according to a Finextra report, is to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

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PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 Experts estimate that cryptocurrency-related crimes totaled $4.3

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Bank Innovation

FEBRUARY 20, 2018

Israel is going to put a tax on cryptocurrencies including bitcoin, regulators in the country said yesterday. According to a circular by Israel Tax Authority yesterday, the government said it looks at cryptocurrencies as a property rather than a currency, and therefore it will be taxable.

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Bank Innovation

SEPTEMBER 12, 2017

EXCLUSIVE- Governments around the world are enacting new regulatory policies in response to the growing popularity of cryptocurrencies and ICOs.

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PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Cryptocurrency and Blockchain. Facebook’s Libra project is bringing cryptocurrency into the spotlight, and others are reexamining their onboarding procedures.

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Bank Innovation

APRIL 2, 2018

Taxes on cryptocurrency? That’s what regulators in Thailand are planning to institute. Taxing cryptocurrency is a way for […]. According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains.

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CFPB Monitor

AUGUST 7, 2023

To understand the regulatory requirements for cryptocurrency, one must first ask the question what is money.

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PYMNTS

DECEMBER 10, 2020

Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 Bitcoin is one of the most famous names in the cryptocurrency space, accounting for $6 billion in daily transactions among 153 million registered user addresses. Cryptocurrency-related crimes totaled $4.3

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PYMNTS

JULY 15, 2019

The rapid growth of cryptocurrency has come with closer scrutiny and a call for tighter anti-money-laundering (AML), know-your-customer (KYC) regulations. This push for regulations hasn’t come without controversy. Some think they go too far. False positives can bounce legit customers in the 0.8

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Bank Innovation

SEPTEMBER 28, 2017

EXCLUSIVE- To make a government-backed cryptocurrency is to defeat the point of cryptocurrency, Jacob Eliosoff, a programmer, crypto trader, businessman, and teacher, explains in an interview with Bank Innovation. There is no shortage of interest in government-backed cryptocurrency in today’s world.

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PYMNTS

MARCH 30, 2018

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018.

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Bank Innovation

APRIL 24, 2018

EXCLUSIVE— Cryptocurrencies are experiencing one of their highest points in recent weeks, after remarks made by former financial regulator Gary Gensler brought back concerns that certain tokens should really be considered securities.

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PYMNTS

DECEMBER 11, 2020

London challenger bank Revolut has rolled out four new cryptocurrencies — EOS, OMG Network, Tezos and 0x — for users in the Europe Economic Area (EEA), the company said in a blog post on Thursday (Dec. The startup reminded people that cryptocurrencies are not regulated in the U.K. In March, Revolut launched in the U.S.

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TheGuardian

JUNE 10, 2021

Growth of crypto-assets threatens financial stability and could increase risks faced by banks, they warn Global regulators have said cryptocurrencies such as bitcoin should come with the toughest bank capital rules to avoid putting the wider financial system at risk should their value collapse suddenly.

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PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . The idea is to ban the “sale, purchase and issuance of all types of cryptocurrency,” according to an unnamed government source cited by The Economic Times. .

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Bank Innovation

SEPTEMBER 21, 2017

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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PYMNTS

DECEMBER 28, 2020

But in doing so, it will now face more scrutiny from regulators, Bloomberg reported. According to some proponents of bitcoin, the pandemic environment provided a perfect springboard from which a surge in cryptocurrency use could arise, Bloomberg reported. Guy Hirsch , managing director for the U.S.

Regulation 250

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Bank Innovation

JANUARY 23, 2018

Japanese cryptocurrency exchange bitFlyer today announced its launch in Europe. bitFlyer, the first Bitcoin exchange to be regulated in Japan and the U.S., said it received a Payment Institution (PI) license to operate in the European Union.

cryptocurrency 255

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Chris Skinner

JUNE 18, 2018

The Bank for International Settlements (BIS), the guys who are responsible for Basel regulations and act as the global central bank to all the central banks, caught global headlines yesterday by saying that bitcoin will break the internet.

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PYMNTS

JANUARY 26, 2021

But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. And [regulators] will have to allow us to report, consolidate and collect this information — and be able to report it to the authorities and regulatory bodies that need it.”. Bitcoin gets all the headlines.

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PYMNTS

NOVEMBER 10, 2020

The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

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Bank Innovation

APRIL 5, 2018

The Reserve Bank of India (RBI) strikes cryptocurrency again. This time India’s central bank issued a statement today banning all entities that fall under its regulation, from dealing with any cryptocurrencies. Today’s statement read: Technological innovations, including […].

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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. Regulators in Japan halted trading at two crypto exchanges, Bit Station and FSHO.

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PYMNTS

DECEMBER 9, 2020

There are currently more than 5,500 different cryptocurrencies in circulation, but the biggest name in the business — and often a metonym for the industry itself — is bitcoin. regulations.”. compliance regulations or have the necessary equivalent documents for verification. The year 2020 saw 18.42

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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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PYMNTS

JULY 7, 2019

According to The Wall Street Journal , “the Internal Revenue Service is expected to update its 2014 guidance on cryptocurrencies in coming weeks, following an April request from a bipartisan group of 20 lawmakers. It is part of a broader push to boost the nascent cryptocurrency industry.” The move comes as U.S.

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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.

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Bank Innovation

OCTOBER 12, 2017

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.

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Bank Innovation

APRIL 30, 2018

EXCLUSIVE— While the debate over whether cryptocurrencies are actually currencies, securities, or somehow a mix of the two drags on, there’s another question crypto enthusiasts should ask: does it matter? regulator Gary Gensler noted that in his mind, […].

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PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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