PYMNTS

SEPTEMBER 4, 2019

Cryptocurrency firms doing business in the Netherlands will soon be required to register with Dutch Central Bank , according to CoinDesk. The move comes as the European Union has passed tougher anti-money laundering (AML) laws. 10, 2020.

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Central Bank Blockchain Money Laundering Bitcoin 49

PYMNTS

JUNE 5, 2017

Russia is getting more into digital currency with the central bank in the country launching tests of several digital currency schemes. According to a report in Reuters, the idea is to figure out which one would be the best for Russia, Olga Skorobogatova, the deputy chairwoman of the central bank, told TASS news agency late last week.

Digital Currency 40

Digital Currency Central Bank Financial Literacy Online and Mobile Banking 40

PYMNTS

FEBRUARY 24, 2017

Is there an alternative, profound French phrase or two that can describe what investors have seen this week with bitcoin? Bitcoin is quickly headed toward fresh three-year highs after jumping up over $100 in value since last week’s tracker. 23) morning, bitcoin had broken $1,150 in value, reaching a high of $1,153.04.

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Bitcoin Money Laundering ATM Cryptocurrency 77

PYMNTS

FEBRUARY 28, 2018

Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. That same month, then-Governor of Taiwan’s Central Bank, Perng Fai-nan, said bitcoin should be added to the notification system in the country in order to prevent money laundering.

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Central Bank Blockchain Cross-Border Payments Cross-Border 42

PYMNTS

DECEMBER 4, 2019

But not bitcoin. But not bitcoin. The price of bitcoin, that marquee name in cryptocurrencies, has plummeted in the last several weeks, down roughly 20 percent at this writing to a recent $7,400, where the price had been more than $9,400 a month ago. The impact will disproportionately be borne by those who trade in bitcoin.

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Digital Currency Bitcoin Money Laundering Cryptocurrency 55

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. In advance of any filing, we want to make clear our position that any claims based on these insinuations are meritless, reckless and a shameless attempt at a money grab.

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Bitcoin Central Bank Returns Money Laundering 72

PYMNTS

JUNE 9, 2019

G20 finance ministers and central bank governors have requested that the Financial Stability Board ( FSB ), as well as global standard-setting organizations, work together to monitor risks around crypto assets. The incident happened when a customer was intentionally withdrawing money and the machine started tossing out the money.

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Bitcoin Risk ATM Regulations 72

PYMNTS

MAY 12, 2020

Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. And in recent months, the ride has been wild for bitcoin pricing amid the pandemic. On the other hand, bitcoin is also well off of its all-time highs of just under $20,000. bitcoin exchange.). based crypto exchanges.

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Bitcoin FBI Cryptocurrency Scams 60

PYMNTS

MARCH 19, 2018

Mastercard ’s Co-President of Asia-Pacific Ari Sarker said the payment company would happily look into facilitating the use of digital currencies that are issued by central banks around the world. Mastercard is one of several credit card companies that have made it tougher for customers to use their payment cards to purchase bitcoin.

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Central Bank Visa Digital Currency Cryptocurrency 41

PYMNTS

MAY 6, 2020

Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. Cryptocurrency still isn’t recognized by the Central Bank of Ireland as a legitimate form of payment.

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Bitcoin Cryptocurrency AML Money Laundering 70

PYMNTS

JUNE 10, 2020

Maxwell Opoku-Afari, the bank’s first deputy governor, reportedly said during a digital workshop that the bank remains steadfast in facilitating innovation and piloting ideas like a central bank cryptocurrency. A unit in the central bank’s banking department supervised the area prior to 2016.

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Digital Currency Accounts Money Laundering Central Bank 53

Payments Source

JULY 14, 2017

India is considering tracking digital currencies like bitcoin through the central bank and capital markets regulator along with intelligence agencies to monitor money laundering and terrorist financing, people with the knowledge of the matter said.

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Digital Currency Money Laundering Crime Central Bank 60

PYMNTS

JANUARY 11, 2017

Bitcoin’s value dropped farther today (Jan. It turns out bitcoin investors were right to be suspicious last week. Current regulations limit foreign exchange to $50,000 each year, but some believe that people are using bitcoin and other digital currencies to circumvent this maximum.

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Bitcoin Digital Currency Central Bank Money Laundering 40

Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. With the rise of digital payments, cryptocurrencies, and fintech innovations, CBDCs represent a new frontier in the evolution of money.

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Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

JULY 16, 2019

In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”. Monetary policy is properly the province of central banks.”. They have a lot of work to do,” he said, according to CNBC.

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Treasury Security Money Laundering Cryptocurrency 75

PYMNTS

JANUARY 26, 2021

Diokno, Philippines’ Central Bank (BSP) governor in the release. The guidelines expand to include virtual asset transfers and exchanges, as well as virtual asset storage and management in BSP’s licensing requirements and regulations, including its anti-money laundering (AML) and countering the financing of terrorism rules.

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Wire Transfer Blockchain Due Diligence Wires 97

PYMNTS

JANUARY 17, 2017

Bitcoin has far more traders these days — particularly in China — than it has true believers. It’s the golden age to be in the bitcoin market, because it’s imperfect,” said Zhou Shuoji , a former IBM technology consultant whose firm, Fintech Blockchain Group, runs a bitcoin hedge fund and venture capital fund.

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Bitcoin Money Laundering Automation Central Bank 48

PYMNTS

JANUARY 20, 2017

However, recently the People’s Bank of China pointed to irregularities in the operations of bitcoin exchanges BTCC, Huobi and OKCoin as the cause of the recent rollercoaster ride in bitcoin’s price, said Reuters. The developments are still ongoing, so PYMNTS’ Bitcoin Tracker will keep watch for new details in the coming weeks.

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Bitcoin Digital Currency IRS Central Bank 41

PYMNTS

NOVEMBER 10, 2020

Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. Square bought $50 million of bitcoin. PayPal is opening its network to allow consumers to shop using cryptocurrency. The mechanics and clumsiness of it all have not helped.

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Cryptocurrency Blockchain Bitcoin Online and Mobile Banking 129

PYMNTS

JUNE 29, 2020

A decision on its coins, seen as a competitor of Bitcoin, is expected this year. In January, the United Kingdom’s Financial Conduct Authority (FCA), the country’s banking regulator, took the reins to oversee cryptocurrency, anti-money laundering and counter terrorist financing activities.

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Stablecoins Cryptocurrency Central Bank Money Laundering 88

PYMNTS

FEBRUARY 25, 2020

Blockchain circles have been enamored with central bank digital currencies (CBDCs), but the feeling doesn’t seem to be mutual as banks aren’t as interested in that form. Some representatives from the world’s central banks discussed the matter last week in Kyiv, Ukraine, at a conference arranged by the National Bank of Ukraine.

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Rules CBDC Money Laundering Digital Currency 52

PYMNTS

JULY 29, 2016

T he European Commission would like to create a central database of digital currency users to prevent terrorist financing and money laundering – for the obvious reasons. Is The Bank of Japan Helping Bitcoin ? But Europe might like to make it less so. Scotland Considering Cryptocurrency and Independence … Again.

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Database Bitcoin Money Laundering Cryptocurrency 45

PYMNTS

DECEMBER 20, 2017

Amid rising interest and investment in digital currencies like bitcoin, some countries are issuing new warnings about the volatility involved in cryptocurrency trade. In today’s bitcoin roundup, regulatory bodies in the U.S. In today’s bitcoin roundup, regulatory bodies in the U.S. According to Tuesday (Dec.

Bitcoin 40

Bitcoin Digital Currency Cryptocurrency Central Bank 40

PYMNTS

JULY 10, 2018

Although new rules to combat money laundering in the European Union took effect this week, there are already calls for more reforms after a series of banking scandals in Latvia, Estonia and Malta.

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AML Money Laundering Laws Central Bank 41

PYMNTS

MAY 12, 2017

Bitcoin’s growing just about as fast as we can write about it — as are a number of other cryptocurrencies, for that matter. It only took just over one day for the bitcoin price to break the record it set earlier this week. On Thursday (May 11) of this week, bitcoin saw values break above $1,800 for the first time in history.

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Bitcoin Caps Digital Currency Money Laundering 45

PYMNTS

NOVEMBER 2, 2020

31, focuses on anti-money laundering (AML) practices and countering financing terrorism (CFT). The Cayman Islands’ Ministry of Financial Services introduced the nation’s regulatory framework for virtual asset service providers (VASPs) on Saturday (Oct. 31), according to a press release.

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CBDC Distributed Ledger Technology (DLT) Visa AML 64

PYMNTS

JULY 7, 2020

Regulators are taking in an interest in stablecoins, with the Financial Action Task Force (FATF) noting in a report the digital currencies need to adhere to norms to offer protection from the terrorism financing and money laundering, Bloomberg reported.

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Stablecoins Debit Card Regulations Blockchain 65

PYMNTS

DECEMBER 24, 2020

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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Federal Reserve Bitcoin Cryptocurrency Office of the Comptroller of the Currency 103

PYMNTS

JANUARY 13, 2017

Bitcoin’s volatile tendencies were on full display this past week. After flirting with record highs just over one week ago, bitcoin fell to its lowest level in over a month, $746.79, on Thursday (Jan. Needless to say, if Chinese regulators even look at bitcoin the wrong way, investors around the world fear the worst.

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Bitcoin Digital Currency Legal Central Bank 41

PYMNTS

JUNE 20, 2019

The Wall Street Journal is reporting that the Federal Reserve and the Senate Banking Committee will both closely scrutinize the implementation of Libra. On Wednesday (June 20), Fed chairman Jerome Powell said that the country’s central bank has “significant input into the payments system,” which is the eCommerce system that Libra will affect.

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Regulations Money Laundering Federal Reserve Digital Currency 67

PYMNTS

JANUARY 7, 2020

As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing. The new ban states virtual asset services include the exchange or transfer of virtual assets, or the exchange between virtual assets and fiat currencies.

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Central Bank Authorization Money Laundering Cryptocurrency 52

PYMNTS

NOVEMBER 12, 2018

In an effort to protect its residents from crypto scams, the Central Bank of the Bahamas (CBOB) has released a regulatory framework before it integrates cryptocurrency-based assets into its services. Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency.

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Scams Money Laundering Digital Currency Cryptocurrency 71

PYMNTS

JULY 9, 2019

The central bank of India and the government have both practically outlawed cryptocurrencies by disallowing banks to use them. The Reserve Bank of India has restricted use, and the government is in the process of writing a law that has strict penalties on usage. . The issue is about to come up for a hearing on July 23. .

Cryptocurrency 54

Cryptocurrency Laws Central Bank Money Laundering 54

PYMNTS

MAY 20, 2020

Blockchain had faced reputational challenges, he said, with its initial association with bitcoin and other cryptos, but blockchain has moved beyond misconceptions that it exists simply as the rails for bitcoin. Blockchain, he said, is on a trajectory that can be likened to the growth of the internet itself.

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Blockchain Credential Use Case Database 131

PYMNTS

DECEMBER 12, 2019

The head of the European Central Bank (ECB), Christine Lagarde, said she wants a task force to identify clear objectives regarding the ECB’s proposed digital currency initiative by the middle of next year, according to a report by Reuters. Lagarde also said the ECB should be “ahead of the curve” on the issue.

Digital Currency 52

Digital Currency Money Laundering Central Bank Cryptocurrency 52

PYMNTS

JUNE 18, 2019

Le Maire asked that the Group of Seven central bank governors, who watch over the world’s monetary system, to be ready with a report on Libra for an upcoming July meeting. Le Maire’s main worries about the cryptocurrency are its implications for crime, including money laundering and the financing of terrorism.

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Bitcoin Money Laundering Cryptocurrency Ubiquitous 43

PYMNTS

JANUARY 14, 2021

ECB's Lagarde: Bitcoin A Money Laundering Tool, Needs More Regulation. European Central Bank President Christine Lagarde has said bitcoin needs to be regulated, while here in the U.S., More crypto regulation looms — perhaps on the global stage? the Treasury Department has also proposed more oversight.

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Money Laundering Bitcoin Central Bank Regulations 52