The Fintech Times

MAY 26, 2024

Central bank digital currencies (CBDCs), digital money regulated by a country’s central bank, are currently being tested across the world. Yet many central banks have already actioned plans to introduce them. Developed and emerging markets alike are considering the possibility of introducing CBDCs.

CBDC 98

CBDC Central Bank Stablecoins Privacy 98

PYMNTS

APRIL 21, 2020

The Central Bank of Argentina (BCRA) is trying out blockchain in a new clearing system, and the technology could eventually be used by other large banks, according to CoinDesk. The technology is based on the RSK Smart Contract Network, and IOV made it in connection with the central bank and others, like Santander and BBVA.

Central Bank 72

Central Bank Returns Blockchain Cryptocurrency 72

BitPay

APRIL 25, 2023

Stablecoins help bridge the gap between fiat currency and crypto. Businesses can quickly move money without crypto’s usual price volatility, while still conducting secure, low-cost financial transactions without centralized intermediaries like governments or banks. Stablecoins are not mined or minted like other cryptocurrencies.

Stablecoins 52

Stablecoins Cross-Border Cross-Border Payments Payroll 52

PYMNTS

SEPTEMBER 16, 2019

Global central bank officials met with leaders from both Facebook’s Libra Association and JPMorgan to discuss policies and regulation around new cryptocurrencies, the Bank for International Settlements (BIS) said in a press release on Monday (Sept. The BIS is an umbrella organization for the world’s largest central banks.

Stablecoins 50

Stablecoins Central Bank Federal Reserve Cryptocurrency 50

PYMNTS

DECEMBER 10, 2019

Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money. Bank of England Governor Mark Carney has even implied that an international central bank coin could supersede the U.S.

Central Bank 54

Central Bank Digital Currency Federal Reserve Stablecoins 54

PYMNTS

MAY 27, 2020

But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Central Bank 57

Central Bank Digital Currency CBDC Settlement 57

PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks.

Central Bank 59

Central Bank Money Laundering Stablecoins Digital Currency 59

PYMNTS

DECEMBER 24, 2019

It does not have the characteristics of bitcoin speculation, nor does it require the currency basket assets to support the value of the currency like stable currency.” According to past reports, in China, the central bank will debut a state-backed digital currency that will be first issued to seven institutions in that country.

Central Bank 53

Central Bank Digital Currency Stablecoins Bitcoin 53

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. You Can’t Spend It. Privacy And Security.

Bitcoin 117

Bitcoin Cryptocurrency PayPal Privacy 117

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.

Stablecoins 65

Stablecoins Debit Card Regulations Blockchain 65

PYMNTS

JANUARY 18, 2021

dollar will remain strong on the international stage and won’t be surpassed by bitcoin anytime soon, although it could be a veritable reserve currency, CoinDesk reported. Other than, you know, gold, bitcoin. Flynn purchased bitcoin for his roughly 450 clients, the report stated. Unless the U.S. Unless the U.S.

Bitcoin 63

Bitcoin Digital Currency Cryptocurrency Central Bank 63

PYMNTS

NOVEMBER 26, 2019

In other news, crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether , have been accused again of manipulating the bitcoin markets. 22, says that both companies “monopolized and conspired to monopolize the Bitcoin market.”. When Bitcoin prices were falling, Defendants and their co-conspirators printed USD?s

Bitcoin 52

Bitcoin Blockchain Stablecoins Wires 52

PYMNTS

MAY 15, 2019

European Central Bank policy maker Francois Villeroy de Galhau believes that there is more of a future in stablecoins than in bitcoin. These are quite different from speculative assets like bitcoins, and more promising.”. Safra Bank to offer its traders deposit accounts backed by the Federal Deposit Insurance Corp.

Blockchain 76

Blockchain Bitcoin FDIC Stablecoins 76

PYMNTS

NOVEMBER 10, 2020

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

CBDC 67

CBDC Use Case Privacy Cryptocurrency 67

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

NOVEMBER 15, 2019

In other news, the People’s Bank of China (PBoC) has denied a report that the country’s stablecoin is set to launch. Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20. We did not authorize any platform to trade DCEP,” the bank added.

Stablecoins 40

Stablecoins Identity Theft Digital Currency Central Bank 40

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 64

Digital Currency Cross-Border Settlement Central Bank Cross-Border 64

PYMNTS

NOVEMBER 5, 2019

A European Union draft document says the European Central Bank (ECB) should contemplate issuing its own digital currency, Reuters reported on Tuesday (Nov. Until Facebook announced Libra, regulators mostly ignored stablecoins due to their small scale. With the threat of Libra on the horizon, it is time for action now,” he said.

Digital Currency 42

Digital Currency Stablecoins Central Bank NOV 42

PYMNTS

JULY 2, 2020

Cointelegraph described the initiative as “a stablecoin backed by a network of banks.” It’s a system that has been in place for a while, with oversight and regulation (and central banks) in place to keep fiat front and center in traditional banking. Senate Banking, Housing and Urban Affairs Committee Chairman Sen.

Blockchain 90

Blockchain Stablecoins Financial Inclusion Wire Transfer 90

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.

Digital Currency 53

Digital Currency Accounts Money Laundering Central Bank 53

PYMNTS

APRIL 24, 2020

China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). The digital yuan is structured using a central bank-issued CBDC for commercial banks and a commercial bank-issued CBDC focused on the public.

CBDC 83

CBDC Digital Currency Stablecoins Central Bank 83

PYMNTS

OCTOBER 11, 2019

The founders of lending protocol Nuo have announced the launch of a new digital banking platform called Juno, which will be built on top of ethereum. Juno’s flagship product will allow users to hold the dollar-pegged stablecoin and earn a 5.5 We’ve been very clear on bitcoin: bitcoin is a commodity.

Bitcoin 46

Bitcoin Correspondent Stablecoins Central Bank 46

PYMNTS

SEPTEMBER 1, 2020

Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit. The Bermuda government is working on a plan to roll out a digital stimulus token to help residents and vendors, The Royal Gazette reported.

Online and Mobile Banking 82

Online and Mobile Banking Digital Currency Bitcoin Stablecoins 82

PYMNTS

JANUARY 15, 2021

Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such currencies pose to the status of the dollar, CoinDesk reported. “We We don’t feel an urge or need to be first,” he said of CBDCs, according to the report. dollar is] the reserve currency.”.

CBDC 67

CBDC Fed Federal Reserve Central Bank 67

CoinRemitter

FEBRUARY 7, 2024

The Spot Bitcoin ETF approval, Bitcoin’s bull run, and some other events are playing significant roles in inspiring other individuals about crypto adoption. Stablecoin Dominance Some individuals have been skeptical of volatility in cryptocurrency prices. But stablecoins like USDT and USDC don’t have much volatility usually.

Stablecoins 40

Stablecoins Payment Gateways Cryptocurrency Cross-Border 40

PYMNTS

OCTOBER 23, 2018

.” The Bank of Canada , TMX Group and Canada’s payment system teamed up for a test to settle and clear mock stocks using the blockchain, Bloomberg reported. The system, intended to be linked with market infrastructure already in place, enabled participants to settle mock securities with mock central bank cash.

Distributed Ledger Technology (DLT) 76

Distributed Ledger Technology (DLT) Stablecoins Bitcoin Blockchain 76

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.

Federal Reserve 103

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

CoinRemitter

JULY 9, 2024

From efforts to boost oversight of stablecoin arrangements, to focus on the DeFi space, 2024 promises to be a year of crypto regulatory developments. Stablecoins will take Center Stage Stablecoins are gaining traction among financial institutions worldwide, attracting the attention of regulators also in 2024.

Stablecoins 40

Stablecoins Financial Crimes Cryptocurrency Money Laundering 40

Clearly Payments

FEBRUARY 19, 2024

The digital currency and payments market encapsulates various facets, including cryptocurrencies like Bitcoin and Ethereum, central bank digital currencies (CBDCs), stablecoins pegged to real-world assets, digital wallets , and blockchain-based payment networks.

Process 102

Process Digital Currency Online and Mobile Banking Payments 102

PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. Ehrlich said stablecoins, including the U.S.

Treasury 129

Treasury Cryptocurrency Stablecoins Fincen 129

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

JANUARY 21, 2021

The European Central Bank (ECB) conducted 2021’s inaugural monetary policy meeting and said in a statement that it will stay the course when it comes to processes instituted amid the pandemic to combat its “negative” shock. It was started by Kristo Kaarmann and Taavet Hinrikus.

Central Bank 59

Central Bank Stablecoins Caps Payments 59

PYMNTS

SEPTEMBER 19, 2019

The various debates over crypto – security, volatility, their place within, or outside of, the central banking system – are far from settled. And for the settlements, consider these stablecoins as traveling finite territory in the most recently defined uses cases – as in, intrabank. Wells Fargo said Wednesday (Sept.

Multi-Currency 49

Multi-Currency Settlement Cross-Border Central Bank 49

PYMNTS

MAY 5, 2019

The New York State Attorney General ( NYAG ) Letitia James wants to see documents regarding an alleged deal made between cryptocurrency exchange Bitfinex and stablecoin operator Tether that “misled their clients and investors.”.

Cross-Border 54

Cross-Border Cross-Border Payments Digital Currency Bitcoin 54

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. He said that Facebook has the potential to become a shadow bank, and that fact alone should keep regulators’ eyes on what happens next.

Bitcoin 43

Bitcoin Money Laundering Cryptocurrency Ubiquitous 43

Fintech News

JANUARY 9, 2024

Cryptocurrencies Market Resurgence The resurgence in cryptocurrency prices and the anticipated halving of Bitcoin in mid-2024 has reignited interest in the potential of distributed ledger technology to reshape the financial landscape. It remains to be seen how the industry will evolve and address these challenges in 2024.

APACS 103

APACS FinTech Digital Currency Blockchain 103