The Payments Association

JANUARY 16, 2025

As the EUs most extensive effort to regulate the crypto market, MiCA seeks to address longstanding issues such as regulatory fragmentation, consumer protection, and market stability. The regulation introduces strict requirements for stablecoin issuers, including robust reserve backing, transparency, and governance.

Compliance 88

Compliance Cross-Border Payments Cross-Border Stablecoins 88

The Payments Association

MAY 7, 2024

With the UK's financial watchdogs set to establish a regulatory regime for stablecoins, payment service providers must brace for stringent new standards in operations, redemptions, audits, and consumer protection. Read more

Stablecoins 88

Stablecoins Audit Consumer Protection Service Provider 88

The Fintech Times

FEBRUARY 27, 2024

” Stablecoins will take 2024 by storm Marc Taverner, CEO and co-founder of XEROF The world of digital assets and cryptocurrencies will play host for the next big payments trend according to Marc Taverner , the CEO and co-founder of XEROF , a Swiss financial services provider specialising in cryptoassets.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

The Payments Association

JANUARY 13, 2025

The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Why is it important?

Compliance 88

Compliance Audit Legal Reconciliation 88

The Fintech Times

DECEMBER 13, 2024

This collaboration will see Standard Chartered providing essential services such as cash management, trading and custody, aimed at bolstering the infrastructure that supports these stablecoins. The post Paxos and Standard Chartered Form Strategic Alliance to Manage Stablecoin Reserves appeared first on The Fintech Times.

Stablecoins 69

Stablecoins Cash Management Regulations Authorization 69

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

APACS 128

APACS Regulations Stablecoins Cryptocurrency 128

The Fintech Times

DECEMBER 11, 2024

The webinar addressed key challenges such as understanding authorisation processes, transitional requirements for businesses operating under previous regulations and the regulatory framework for stablecoins.

Regulations 69

Regulations Cross-Border Payments Cross-Border Stablecoins 69

PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.

Office of the Comptroller of the Currency 68

Office of the Comptroller of the Currency Stablecoins Fraud Prevention OCC 68

Fintech News

FEBRUARY 21, 2024

In addition, stablecoins have emerged as the preferred medium for a significant portion of these illicit activities, driven by their perceived stability and ease of use. A significant regulatory development in 2023 was MAS’s finalisation of a stablecoin regulatory framework.

Crime 107

Crime Ransomware Scams Stablecoins 107

The Fintech Times

NOVEMBER 27, 2024

By providing legislative clarity to both stablecoins and staking, the UK has greenlit the asset class for investment opportunities and widespread adoption. This encourages experimentation while ensuring consumer protection. Clear communication and guidance, so businesses aren’t caught out. They need to work.”

Regulations 112

Regulations Stablecoins Risk Consulting 112

PYMNTS

OCTOBER 12, 2020

The draft statement seen by Reuters indicated that any electronic currency system would have to be “appropriately supervised and regulated so that they would not undermine financial stability, consumer protection, privacy, taxation or cybersecurity.”.

Regulations 80

Regulations Digital Currency Stablecoins Money Laundering 80

Fintech News

FEBRUARY 5, 2024

New regulations were introduced to safeguard customer assets and finaliSe the regulatory framework for stablecoins , with Paxos and StraitsX receiving approvals to issue regulated USD and SGD stablecoins. million from just US$4.1 million in the first half.

AI 106

AI FinTech Stablecoins APACS 106

Finovate

NOVEMBER 4, 2024

Open banking Open banking– specifically the recently released Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act– was one of the hottest topics of the show. Among the hottest topics were cross-border payments, stablecoins, and instant payments.

AI 59

AI Bots Cross-Border Payments Rules 59

Fintech Finance

SEPTEMBER 24, 2024

“Our community at The Payments Association is committed to supporting the government and its authorities to produce a compelling, whole-ecosystem NPP by engaging with members from across the payments value chain, from retail stablecoin issuers to cash schemes, in this critical work.

Cross-Border Payments 95

Cross-Border Payments Financial Inclusion Cross-Border Payments 95

The Payments Association

NOVEMBER 13, 2024

The imminent introduction of stablecoins and other financial instruments on prominent blockchain networks underscores their role in bridging the old financial systems with the new digital-led era. It will also help cement critical consumer protections necessary to give users the confidence to engage in new products and services.

Blockchain 88

Blockchain Use Case Financial Inclusion Stablecoins 88

Fintech Finance

MARCH 3, 2025

The aim of this initiative is to establish a “trusted, world-leading payments ecosystem” by promoting innovation, competition and consumer protection within the payments sector, that can help the UK regain global leadership in payments and unleash growth.

Governance 80

Governance Government Innovation Cross-Border Payments 80

PYMNTS

DECEMBER 5, 2019

No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed,” the ministers said in a joint statement. “No Tackling the challenges raised by global stablecoins requires a coordinated global response.

Digital Currency 52

Digital Currency Stablecoins Finance Central Bank 52

PYMNTS

DECEMBER 26, 2019

The bank stressed that the digital currency is not a cryptocurrency or a stablecoin — instead, it’s just a digital version of the existing paper currency, intended to help smooth things over for people without access to a physical bank, according to CoinDesk. The intent is to start a fully-fledged central bank digital currency (CBDC).

Digital Currency 83

Digital Currency Central Bank CBDC Stablecoins 83

Electronic Transactions Association

JANUARY 16, 2025

Over the past decade, the payments industry has developed and deployed AI tools that have made payments faster, more secure, and has unlocked numerous benefits for the payment industry and consumers alike. Digital Assets - Digital assets, including payment stablecoins, have the potential to change how commerce happens.

CFPB 45

CFPB Privacy BNPL Financial Inclusion 45

The Fintech Times

SEPTEMBER 9, 2024

Key topics will cover national sovereignty, stablecoins, central bank digital currencies (CBDCs), real-world asset tokenisation, sustainable finance, as well as financial inclusion. The event will also explore emerging issues such as consumer protection in the age of generative AI. ‘Valuable platform’ Dr.

P2P 59

P2P Federal Reserve Central Bank Financial Inclusion 59

Fintech News

FEBRUARY 10, 2025

These digital transactions, often structured through stablecoins like USDT, circumvent traditional banking oversight and pose a critical national security risk. It must include one that includes financial literacy, better consumer protection, enhanced cybersecurity measures, and deeper international collaboration.

Crime 77

Crime Ransomware Scams Phishing 77

Fintech News

FEBRUARY 26, 2024

The Regulatory Conundrum and Market-Led Initiatives Navigating the regulatory landscape presents a complex challenge for fintech firms, balancing the drive for innovation with compliance and consumer protection requirements. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth.

FinTech 142

FinTech Consumer Financial Inclusion On-Demand 142

Electronic Transactions Association

JANUARY 15, 2025

JANUARY 16, 2025 The Electronic Transactions Association (ETA), the world's leading trade association for the payments industry, today announced its comprehensive public policy priorities for 2025, focusing on fostering innovation, especially for small businesses, while ensuring consumer protection across federal, state, and Canadian markets.

Consumer Protection 40

Consumer Protection Privacy P2P Fraud Prevention 40

PYMNTS

DECEMBER 27, 2019

No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed,” the ministers said. “No

Digital Currency 52

Digital Currency Agreements Stablecoins Regulations 52

Global Fintech & Digital Assets

OCTOBER 31, 2023

Issuers of stablecoins would therefore need to be licensed unless they block California residents, but not issuers of utility tokens or creators of tokenized real-world assets. Requirements for Stablecoins The DFAL further outlines requirements applicable to all Covered Persons seeking to exchange, transfer, or store stablecoins.

Laws 52

Laws Stablecoins Issuers Legal 52

PYMNTS

JUNE 24, 2019

We absolutely think stablecoins will play a role in our future, that is [what] we have invested in over the years,” Executive Vice President of Digital Solutions at Mastercard Jorn Lambert told Karen Webster in a recent conversation. It’s a reason to work with regulators. “We

Visa 71

Visa Cryptocurrency Payments Regulations 71

Electronic Transactions Association

JANUARY 25, 2024

ETA encourages policymakers to: Understand the use of AI in payments to appreciate its role in a robust, secure payment ecosystem Ensure new laws complement rather than duplicate existing industry regulations Support technology-neutral, principles-based, and industry-led standards that balance innovation, consumer protection, U.S.

Privacy 40

Privacy Fraud Detection Consumer Protection Duplicate 40

Global Fintech & Digital Assets

FEBRUARY 13, 2024

When consulting on the VATP regime, the SFC and FSTB concluded that regulating VA exchanges was a priority whereas OTC trading activity was omitted on the basis that it was not a material consumer protection risk at that time. Certain regulated entities exempted.

Regulations 59

Regulations Money Laundering Stablecoins Consulting 59

PYMNTS

JULY 30, 2019

Nelson, specialist in international trade and finance with the Congressional Research Service, said “large-scale adoption of digital currencies could have a range of policy implications for the United States, including financial stability, consumer protections, AML/CFT, privacy considerations, and sanctions policy, among others.”.

Digital Currency 56

Digital Currency Money Laundering Data Breach Privacy 56

The Fintech Times

MARCH 21, 2024

Part of it is the way the people pay, we’re seeing new ways to pay, and we’re also seeing new ideas such as stablecoins and CBDCs, as well as a lot of enhancements in the existing payment rails. He explained how the transition from PSD1 to PSD2 marked a notable improvement in consumer protection.

Cross-Border Payments 64

Cross-Border Payments Cross-Border ISOs Rules 64

Global Fintech & Digital Assets

OCTOBER 5, 2023

DFS’s stated goals under the policy include consumer protection as well as safety and soundness of VCEs. To be included on the Greenlist, the coin or coin issuer must demonstrate a historic record consistent with safety and soundness and the protection of customers, as well as broad marketplace adoption.

Stablecoins 52

Stablecoins Procedures Issuers Due Diligence 52

Finovate

DECEMBER 13, 2023

There has some concern at the state level , with state attorneys general voicing consumer protection warnings. And while some observers believe that regulation is inevitable, few see signs of any specific imminent changes to law or policy with regard to BNPL in the U.S. ” In the U.S.,

Regulations 64

Regulations BNPL Consumer Financial Protection Bureau (CFPB) FinTech 64

The Payments Association

NOVEMBER 18, 2024

Understanding use cases: From stablecoins to tokenisation While De-Fi discussions often focus on theoretical concepts, several tangible use cases illustrate its practical applications in the payments industry. Among the most prominent are stablecoins and the tokeni s ation of traditional financial instruments. billion in May 2022.

Stablecoins 88

Stablecoins Distributed Ledger Technology (DLT) Digital Currency Caps 88

The Payments Association

APRIL 14, 2025

Immediate focus areas include fraud prevention, ISO 20022 readiness, and stablecoin regulationbut longer-term success depends on active engagement with consultations, operational resilience, and global alignment. It mirrors existing offences in anti-bribery and tax evasion, but with a sharper focus on consumer protection and market integrity.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Clearly Payments

JANUARY 8, 2025

Other key factors include: Consumer Protection : Most credit cards come with fraud protection and the ability to dispute charges, building trust among users. By 2025, many countries have introduced frameworks to govern crypto exchanges, initial coin offerings (ICOs), and stablecoin issuers.

Credit Cards 105

Credit Cards Cryptocurrency Cross-Border Volume 105

The Fintech Times

JANUARY 3, 2025

This must include the rollback of discriminatory and disproportionate policies such as Securities and Exchange Commission’ s (SEC) Staff Accounting Bulletin (SAB) 121 which are not in line with broader prudential requirements and also undermine consumer protection.

Stablecoins 59

Stablecoins Bitcoin Regulations Blocks 59

The Payments Association

JANUARY 14, 2025

Read More Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms January 13, 2025 No Comments The FCAs safeguarding reforms introduce stricter compliance requirements for payments and e-money firms, aiming to enhance consumer protection and operational resilience.

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88