Search results for "bitcoin"

August 19, 2022
Mercado Libre’s New Crypto Raises More Questions Than Answers

The Mercado Coin announced Thursday (Aug. 18) by Latin American eCommerce giant Mercado Libre may be a digital currency issued on the Ethereum blockchain, but it’s not really a traditional...

August 19, 2022
PYMNTS Intelligence: How Credit Unions Can Meet Member Needs With...

The pandemic forced financial institutions (FIs) of all kinds to undergo a digital transformation of their offerings. While most credit unions (CUs) are now meeting member demands for digital and...

August 18, 2022
New Fed Guidelines Help Crypto Companies Gain Access To Central...

The Federal Reserve announced final guidelines Monday (Aug. 15) that could pave the way for institutions holding crypto and other “new types of financial products” to gain access to so-called...

August 17, 2022
Crypto Winter Begins to Thaw As VCs Re-Enter Market With...

As venture capital firms focused on the cryptocurrency and blockchain sector raise billions, their investments have declined. But how much of that is caution and how much is investing fewer...

August 17, 2022
Fiscal Stability Replaces Celebrity Pitchmen as Crypto Ad Spend Comes...

Having overspent dramatically on celebrity spokespeople and high-profile stadium naming deals just as the crypto winter was starting to blow across the industry, crypto exchanges have backed off of celebrity...

August 17, 2022
Today in Crypto: EU Eyes Capping Banks’ Crypto Holdings; Bitcoin...

EU banks exposed to cryptocurrencies could see caps and big capital requirements from a new financial services law as lawmakers look to curb risk from the digital coins, a document...

August 17, 2022
Colombia Eyes CBDC to Ease Transactions, Stop Tax Evasion

Aiming to make transactions easier for consumers and to put an end to tax evasion, Colombia is reportedly considering introducing a central bank digital currency (CBDC).  The information was shared...

August 17, 2022
PrimeBlock Terminates $1.25B Merger Deal

Bitcoin miner PrimeBlock has dropped its plan of public listing via merger with blank check company 10X Capital Venture Acquisition (VCXA). According to a SEC filing, PrimeBlock and VCXA terminated their...

August 17, 2022
Genesis Cuts Staff 20% Staff as CEO Michael Moro Exits,...

In a workforce and leadership shakeup, crypto brokerage Genesis is cutting 20% of its staff as CEO Michael Moro stepped down and Chief Operating Officer Derar Islim was named interim...

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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.