PYMNTS

SEPTEMBER 5, 2019

In China, the central bank will debut a state-backed cryptocurrency that initially will be issued to seven institutions in that country, Forbes reported this week. The news comes from Paul Schulte, who was head of financial strategy for China Construction Bank. It will be the first central bank to do so.”.

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Central Bank Cryptocurrency Point-of-Sale (POS) Stablecoins 98

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.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

FEBRUARY 21, 2020

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. CBDCs are a digital form of traditional money issued and governed by a country’s central bank.

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Central Bank Digital Currency CBDC Online and Mobile Banking 105

PYMNTS

JANUARY 26, 2020

Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported.

Central Bank 100

Central Bank CBDC Digital Currency Cross-Border 100

PYMNTS

OCTOBER 9, 2020

The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. . The central banks working with the BIS include the European Central Bank, the Swiss National Bank and Bank of Japan.

Digital Currency 104

Digital Currency Central Bank Fed Federal Reserve 104

Clearly Payments

JANUARY 4, 2024

Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

PYMNTS

NOVEMBER 10, 2020

PayPal is opening its network to allow consumers to shop using cryptocurrency. As cryptos have garnered more attention in financial services, naturally, governments and central banks have thrown their hats into the ring — and thus digital fiat is seriously under consideration. Square bought $50 million of bitcoin.

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Cryptocurrency Blockchain Bitcoin Online and Mobile Banking 129

The Fintech Times

DECEMBER 3, 2024

In November 2023, the European Central Bank (ECB) began the preparation phase of a digital euro. The post European Central Bank Lays Foundations for Potential Issuance of Digital Euro in New Progress Report appeared first on The Fintech Times. It will also explore other innovative use cases for a digital euro.

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Central Bank Participant Procedures Risk Management 59

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may implement a monetary policy and issue currency.

Digital Currency 97

Digital Currency Central Bank CBDC Federal Reserve 97

Fintech News

FEBRUARY 28, 2024

In recent years, the landscape of cryptocurrency and digital assets has experienced significant shifts, and Singapore, a nation known for its forward-thinking approach to fintech and digital innovation, is no exception.

Cryptocurrency 122

Cryptocurrency Stablecoins Digital Currency Regulations 122

Fintech Finance

SEPTEMBER 19, 2024

Crypto.com has received full approval to provide payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding to the company’s significant regulatory milestones in the region.

Central Bank 104

Central Bank Service Provider Payment Service Provider (PSP) Regulatory Compliance 104

PYMNTS

OCTOBER 19, 2020

It comes on the heels of an IMF report that raises concerns about growing momentum toward central bank-issued digital currencies (CBDCs). central bank has yet to decide whether to plunge ahead, said that issues need to be vetted, include protecting any new digital currency from cyberattacks, fraud and high-tech counterfeiters.

Digital Currency 108

Digital Currency Central Bank Fed Federal Reserve 108

PYMNTS

DECEMBER 1, 2020

And, of course, as the pandemic hit, a multitude of central banks took a deep dive into the potential risks and rewards of issuing digital central bank currencies, ranging from digital dollars to euros to, well, pretty much everything. Central bank efforts are good. Stop Before They Start? .

Digital Currency 117

Digital Currency Central Bank Stablecoins Cross-Border Payments 117

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! The ECB has been open to the idea, and could already be experimenting.

Central Bank 94

Central Bank Digital Currency Distributed Ledger Technology (DLT) CBDC 94

PYMNTS

JANUARY 11, 2021

CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. According to Coinmarketcap, the overall value of the cryptocurrency market — or market cap —was $880 billion Monday morning, down from $1.08 Then, on Monday (Jan. Last week (Jan.

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Cryptocurrency Bitcoin Caps Central Bank 91

PYMNTS

OCTOBER 1, 2020

The European Central Bank (ECB) has taken what could be a big first step toward launching a digital currency. The central bank’s legal office has filed an application for the trademark with the European Union Intellectual Property Office, which was confirmed by a spokesman for the ECB, the news service reported.

Central Bank 90

Central Bank Digital Currency Economy Assessments 90

Payments Source

DECEMBER 13, 2020

From brokering insurance contracts to financial settlements, smart contracts could bring immense innovation to CBDCs that otherwise would act as little more than an augmented medium of exchange, says Cypherium's Sky Guo.

Central Bank 133

Central Bank Innovation Settlement Federal Reserve 133

PYMNTS

OCTOBER 12, 2020

The recently released report by the Bank for International Settlements ( BIS ) offers a general framework for digital currencies. The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system.

Central Bank 93

Central Bank CBDC FedNow Digital Currency 93

PYMNTS

NOVEMBER 23, 2020

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. And I think you’ll have more and more utility happen with cryptocurrencies,” he predicted.

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Digital Currency PayPal Consumer Cryptocurrency 143

The Paypers

NOVEMBER 27, 2024

Morocco has moved forward with the regulation of cryptocurrencies with a draft law currently under review, according to officials from the country’s central bank.

Cryptocurrency 68

Cryptocurrency Regulations CBDC Central Bank 68

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

Central Bank 75

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

The Fintech Times

NOVEMBER 16, 2024

per cent Central Bank of Armenia (CBA) Armenia’s growth has been driven in part by its young, tech-savvy population. Through its regulatory sandbox, the Central Bank of Armenia (CBA) has attracted $90million in investments, propelling the country to 34th place in the Global Fintech Index 2023.

FinTech 69

FinTech Central Bank Financial Literacy Online and Mobile Banking 69

PYMNTS

JUNE 8, 2020

Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete in competition against an official digital currency, which could easily process a digital payment the same way. One way Buonomo could see it being done is if a new cryptocurrency were created and issued by a central bank.

Blockchain 135

Blockchain Accounts Digital Currency Federal Reserve 135

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

Payments Source

JANUARY 7, 2020

Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.

Digital Currency 112

Digital Currency Central Bank Cryptocurrency Governance 112

PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. Visa was once hesitant when it came to crypto — and held off before offering its full blessing.

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PayPal Cryptocurrency Bitcoin Central Bank 131

PYMNTS

OCTOBER 8, 2020

Bank Of Korea To Begin Testing Distribution Of Digital Currency. The Bank of Korea has indicated that it intends to start experimenting with distribution of its cryptocurrency next year. In April, the central bank said it had rolled out a 22-month test effort that would conclude in December 2021.

Cryptocurrency 98

Cryptocurrency Multi-Currency Credit Cards Federal Reserve 98

The Paypers

JUNE 19, 2023

Brazil has signed a decree which clarifies the roles the country’s central bank and securities regulator will have regarding cryptocurrencies.

Central Bank 58

Central Bank Regulations Cryptocurrency Security 58

CoinRemitter

APRIL 3, 2025

With the growing demand for cryptocurrencies as a payment method in online businesses, accepting crypto payments has become an attractive option for worldwide businesses. Unlike cryptocurrencies like Bitcoin and Ethereum, stablecoins are pegged to fiat currencies, which means their values remain stable, reducing financial risks.

Gateways 52

Gateways Cryptocurrency Stablecoins Payment Gateways 52

The Fintech Times

FEBRUARY 9, 2024

Cryptocurrency exchange Kraken has achieved a notable milestone in its European expansion strategy with the recent acquisition of a VASP registration from the Dutch Central Bank (DNB). The post Kraken Bags VASP Registration from Dutch Central Bank, Expanding European Presence appeared first on The Fintech Times.

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Central Bank Regulatory Compliance Cryptocurrency Compliance 64

PYMNTS

NOVEMBER 4, 2020

Toward that end, and more mainstream use cases, getting the rails in place to speed and streamline transactions, regardless of the cryptocurrency used, remains key. As spotlighted in this space , Ternio said it has joined Visa’s Fast Track as a cryptocurrency-focused enablement partner.

Bitcoin 83

Bitcoin Cryptocurrency Office of the Comptroller of the Currency Consumer 83

PYMNTS

JANUARY 5, 2021

Trading volumes on cryptocurrency exchanges have been doing extraordinarily well this week, hitting a new record volume of $68.3 Ethereum, the second-biggest cryptocurrency, which usually rises at the same time as bitcoin, also hit its highest level on Monday since 2018, with a $1,170 value, Reuters reported. billion, Reuters reported.

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Volume Bitcoin Cryptocurrency Digital Currency 131

CoinRemitter

MAY 29, 2024

With the rise in digital currencies for payments and transactions, two innovations are much discussed: Central Bank Decentralised Currencies (CBDCs) and cryptocurrencies. Let’s break down the key differences between CBDCs and cryptocurrencies. This will reduce bank deposits and lending activities.

Cryptocurrency 49

Cryptocurrency Central Bank Digital Currency Privacy 49

Fintech News

MARCH 24, 2025

Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. in 2023 to 2% in 2024.

APACS 88

APACS Verification Fraud Detection Money Laundering 88

Payments Source

APRIL 13, 2020

Central banks are releasing trillions of dollars to bolster economies through the coronavirus pandemic, giving rise to a pair of trends that could push merchants and consumers to embrace digital currencies as a mainstream payment alternative.

Digital Currency 185

Digital Currency Central Bank Payments Economy 185

PYMNTS

FEBRUARY 6, 2020

Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters involved for launching their own, the Nikkei Asian Review reported on Thursday (Feb. In January, the central banks of the U.K.,

Central Bank 100

Central Bank Digital Currency CBDC Federal Reserve 100

Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Central Bank Digital Currencies (CBDCs) topped the list, with 33% of respondents foreseeing their widespread adoption.

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Settlement Cryptocurrency Blockchain Digital Currency 139