Search results for "bitcoin"

September 16, 2022
Central African Republic Adopts Bitcoin as Legal Tender; Most Don’t...

When the Central African Republic (CAR) adopted Bitcoin as legal tender in April, mayhem initially ensued, sparked by confusion, advanced by disagreements, and then driven by concern from global organizations...

September 16, 2022
Treasury Crypto Reports Long on Detail, Short on Urgency

Anyone expecting the blueprints for legislation to regulate cryptocurrencies from the three reports the Treasury Department released Friday (Sept. 16) will be sorely disappointed. While extensive, the reports produced in...

September 16, 2022
Report: SEC Accounting Guidance Creates Hurdle for Banks’ Crypto Plans

Despite demand from an increasing number of their clients for cryptocurrency products and services, many banks are reportedly holding back on offering them because accounting guidance from the U.S. Securities...

September 16, 2022
Binance, Coinbase Hold No. 1, While Crypto.com Falls to No....

Not much changes at the top of the heap. The top three slots on the PYMNTS Cryptocurrency Exchange Provider Ranking continue to be Binance — far and away the world’s...

September 15, 2022
Payments Platform Facepay Debuts Guaranteed Text-to-Pay for Auto Repair Shops

Facepay has rolled out guaranteed text-to-pay to help out with credit card chargebacks for auto shops, a press release said. This will see service advisors sending text or email to...

September 15, 2022
Biden Increases Screening of Foreign Investment for Security Risks

The Biden administration is ordering the Committee on Foreign Investment (CFIUS) to add more scrutiny on deals that might give China access to critical tech or that could put personal...

September 15, 2022
BigCommerce Advances Crypto Payments with BitPay, CoinPayments

Open SaaS eCommerce platform BigCommerce is bringing cryptocurrency payment solutions to its clients in select countries through strategic partnerships with the crypto app BitPay and global crypto payment gateway CoinPayments....

September 15, 2022
Toomey Revives Call for 2022 Stablecoin Regulation

One of the Senate’s top Republicans believes that stablecoin regulation can still happen this year. Pennsylvania’s Pat Toomey, the top Republican on the Senate Banking Committee, said that he believes...

September 15, 2022
What the Ethereum Merge Didn’t Do

The new, greener, and eventually far faster Ethereum 2.0 is here. At 2:43 a.m. on Thursday (Sept. 15), the second-largest crypto blockchain, and arguably the most important, switched to a...

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AML/KYC
How Gemini Balances User Privacy With AML And KYC Compliance Cryptocurrencies’ anonymous nature makes them popular, but crypto exchange platforms are still required to collect buyers’ personal data for AML and KYC compliance. In the “AML/KYC Tracker,” a PYMNTS and Trulioo collaboration, Elena Hughes, chief compliance officer at Gemini, explains how platforms can selectively collect data to ensure user privacy and adhere to regulations.  
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The Corporate Treasury Shift: Asset Allocation And The New Cryptocurrency Option
More Banks Turn to Crypto, Blockchain to Help Corporates Drive Global Growth Fifty-eight percent of multinationals that do business in six or more countries use cryptocurrencies in their day-to-day operations. A new PYMNTS study of 250 multinational financial institutions (FIs), sponsored by Circle, examines how their corporate customers are using blockchain and crypto to manage liquidity, make payments and drive global growth — and the digital currency imperative it implies for FIs that wish to retain those corporate relationships.