Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

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Payments Source

FEBRUARY 28, 2018

As Congress considers new rules for digital currencies, lawmakers should consider putting responsibility in the hands of the Treasury Department, given its role in handling traditional currency.

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Treasury Cryptocurrency Regulations Digital Currency 63

PYMNTS

JANUARY 28, 2021

Yet for finance leaders of the enterprise, adoption of digital assets poses plenty of risks and challenges, not least of all the inability for their current treasury infrastructures to manage crypto in an integrated and compliant way. We’re not just talking about the digitization of fiat,” he said. “As

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The Paypers

FEBRUARY 8, 2023

The Bank of England and HM Treasury have published a new paper that explores the introduction of a central bank digital currency.

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PYMNTS

DECEMBER 9, 2020

The accelerated growth of USDC over the course of this year is the result of our active work to establish an open standard for fiat digital currency on the internet,” Puth said in a statement. Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

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The Fintech Times

NOVEMBER 8, 2024

UBS plans to further expand and develop its UBS Digital Cash offering. Pilot participant Janko Hahn , head of treasury operations at Autoneum , said: “The UBS Digital Cash pilot showcased the key advantages of blockchain-based payment solutions.

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PYMNTS

OCTOBER 10, 2019

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. The job listing said that the treasury product manager must have previous experience in the payments sector, but that specific knowledge of cryptocurrency wasn’t necessary. It also recently joined R3’s Marco Polo blockchain trade platform last month.

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Tearsheet

FEBRUARY 27, 2025

In late 2020, PayPal took its first crypto leap, letting users buy, sell, and hold select digital currencies within their accounts. We take a closer look at PayPals crypto evolution, its applications, and the trade-offs that come with digital currency transactions. PYUSD is now on both Ethereum and Solana.

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PYMNTS

MARCH 2, 2020

Lloyd’s of London , the insurance firm, is supporting a new policy that protects digital currency held in digital wallets from hackers, Coindesk reported on Monday (March 2). The policy is reportedly a new insurance type that has a limit that changes with the price fluctuations of covered digital currency assets.

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The Fintech Times

MARCH 3, 2025

In its new manifesto, ‘ Creating the Conditions to Support Growth and Innovation in Payments ‘, The Payments Association describes the 66 policies recommended by the 216 payments professionals working across financial crime, regulation, open banking, ESG, cross-border payments, digital currencies and financial inclusion.

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The Payments Association

DECEMBER 17, 2024

Access liquidity for remittance and treasury operations. Reliably bridge between traditional fiat currencies and the crypto ecosystem, ensuring a seamless and efficient transition when entering (on-ramping) or exiting (off-ramping) the crypto space. Seamlessly integrate with decentralized finance (DeFi) protocols.

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PYMNTS

JANUARY 18, 2022

Treasury said Tuesday (Jan. Treasury said in a statement. Kardashian, boxing legend Floyd Mayweather and NBA Hall of Famer Paul Pierce were among those who were sued in a class-action lawsuit for promoting the digital currency. The Treasury said the tougher rules will be phased in over six months once they’re finalized.

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The Fintech Times

MAY 30, 2024

Increasing ease of use Jose Fernandez da Ponte, senior vice president of the blockchain, cryptocurrency, and digital currency group, PayPal “For more than 25 years, PayPal has been at the forefront of digital commerce, revolutionising commerce by providing a trusted experience between consumers and merchants around the world.

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PYMNTS

JANUARY 21, 2021

In today’s top news, President Biden is expected to pick Michael Barr to head the OCC, and Janet Yellen, Biden’s pick for Treasury Secretary, is expected to take a hard stance toward crypto. Biden’s Treasury Pick Yellen Leary Of Crypto. Plus, the chief of the CFPB stepped down at Biden’s request.

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PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15. .”

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PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3

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The Fintech Times

SEPTEMBER 20, 2024

One of the biggest challenges central bank digital currencies (CBDCs) have faced in their development is who will actually use them. ” The post RBA and Treasury Reveal the Role of CBDCs in Australia as Public Lacks Interest appeared first on The Fintech Times.

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PYMNTS

APRIL 24, 2020

In today’s top news, 19 firms are participating in a pilot program to trial China’s new digital yuan, and the U.S. Treasury ordered public companies to return Paycheck Protection Program (PPP) loans. Starbucks Among 19 Firms Trialing China’s Digital Yuan. Treasury Directs Public Firms To Return Small Business PPP Money.

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PYMNTS

SEPTEMBER 15, 2020

First Horizon Mixes Rails for Faster Treasury Payments. Using infrastructure developed by Visa within its Visa Direct service, Interchecks is leveraging its own platform to facilitate real-time transactions for corporate clients of First Horizon's treasury management solutions. Mastercard Leads Central Bank Digital Currency Test.

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Fintech News

MAY 28, 2024

PYUSD, a US dollar-denominated stablecoin, is fully backed by US dollar deposits, US treasuries, and similar cash equivalents. This is crucial for companies that still prefer the familiarity of operating with traditional currencies.”

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PYMNTS

SEPTEMBER 15, 2020

The complaint claims that the defendants dishonestly claimed to actual and possible clients that their company had “master traders” with a long history of trading digital currency and harnessed “cutting edge trading robots” to trade bitcoin at all hours of the day for clients. Securities and Exchange Commission (SEC) filing.

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PYMNTS

FEBRUARY 21, 2020

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. Mosier succeeds Jamal El-Hindi, who will serve as the interim chief data officer (CDO) for the Department of the Treasury. He previously served as FinCEN’s chief of strategic advancement.

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Fintech Finance

AUGUST 12, 2024

Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house Smart Treasury Management Platform (powered by AI) and Superior Compliance Infrastructure, ensuring Members of the Network receive unrivalled speed, control, visibility, protection and cost efficiencies when making real-time payments globally.

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PYMNTS

JANUARY 14, 2021

Plus, new concerns mount in Sweden over the rise of Central Bank Digital Currencies and their implications for the traditional banking system. Modern Treasury Raises Funding To Accelerate B2B Payments. RTP already accounts for more than 6 percent of Modern Treasury volume.”. Wells River Savings Bank Joins The RTP Network.

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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.

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The Paypers

APRIL 19, 2021

The Bank of England and HM Treasury have announced the creation of a taskforce to explore central bank digital currencies (CBDC).

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Fintech Finance

NOVEMBER 20, 2024

These services will include: Global bank accounts for Wirex: Supporting the company’s global expansion by optimizing treasury operations and enabling more seamless management of fiat and digital currencies.

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Liquidity Management Faster Payments Real Time Payments Digital Currency 97

The Paypers

SEPTEMBER 30, 2021

The Bank of England and the UK Treasury department have announced that PayPal , Amazon , and Visa will be among the corporate representatives participating in two advisory groups that are exploring a possible Central Bank Digital Currency.

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The Paypers

APRIL 29, 2016

(The Paypers) Digital Currency Group , a Bitcoin-focused company, is adding investors and advisers, including Western Union and former Treasury Secretary Lawrence Summers.

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Digital Currency Treasury Bitcoin 28

PYMNTS

MAY 26, 2020

Facebook’s blockchain division, Calibra, will get a new name as a way to distance it from Facebook’s Libra digital currency, according to a Bloomberg report on Tuesday (May 26). . Facebook first announced the Libra digital currency about a year ago. Treasury Department executive, was named Libra’s first CEO.

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PYMNTS

AUGUST 3, 2020

One of the biggest disruptions of the payments ecosystem as a result of the growing traction of digital assets and the ubiquity of real-time settlement will be felt by corporate treasurers, Long predicted. ” Coexisting Systems.

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PYMNTS

OCTOBER 16, 2020

Companies are looking to harness digital tools to accelerate B2B disbursements and payments — as well as to handle other parts of their treasury needs with more efficiency. PYMNTS explores how the coronavirus has exposed the weaknesses of paper-based payments and what that signifies for the future of treasury.

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The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

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PYMNTS

MAY 3, 2019

The British Government has announced that it will protect the future of cash to make sure the proliferation of digital currency doesn’t affect portions of the population who rely on physical money every day. It will set strategies, facilitate nationwide access and make sure cash is available for those who need it.

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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. Treasurer Chancellor Rishi Sunak said in a press release. Sunak announced the measures while outlining other proposals for the U.K.’s

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PYMNTS

DECEMBER 10, 2019

Members of the Governing Council anticipate informal discussions about digital currency, which will take place ahead of a Thursday (Dec. dollar as the international reserve currency. dollar as the international reserve currency. Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec.

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PYMNTS

APRIL 13, 2020

A Treasury-issued digital dollar would be inherently different than, say, the Libra project, which debuted last summer as a consortium backed by a number of companies (with Facebook the presumptive face of the digital currency) which in turn would have been backed by a basket of currencies across the globe.

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