Search results for "bitcoin"

August 10, 2022
SEC, CFTC Weigh New Hedge Fund Crypto Reporting Rules

Federal regulators are set to issue a proposal that would — among other things — require large hedge funds to reveal their cryptocurrency exposure. The U.S. Securities and Exchange Commission...

August 10, 2022
Plans for Ethereum Spinoff Could Sputter without Backing of Top...

A pollution-spewing version of the Ethereum blockchain will live on after the main smart contract platform switches to an environmentally friendlier, far more scalable technology next month. Just don’t try...

August 09, 2022
Coinbase Upbeat Despite $1.1B Loss, as Shares Sink 10%

How bad was crypto exchange Coinbase’s second quarter? Well, one of the first things CEO Brian Armstrong said was, “there’s a phrase that we say often internally at Coinbase, it’s...

August 09, 2022
Crypto Exchange CoinFlex Seeks Restructuring, Cuts Staff, Costs up to...

CoinFLEX has announced its plans for restructuring in the wake of legal troubles, halted withdrawals and money losses, a company blog post said. The company had to address a problem...

August 09, 2022
Today in Crypto: Germany’s Exchange Nuri Files for Insolvency; Reserve...

Jenny Johnson, CEO of money management giant Franklin Templeton, said in a Bloomberg interview that bitcoin is “the greatest distraction from the greatest disruption I see happening to financial services...

August 09, 2022
With Tornado Cash Sanctions, Feds Seek to Lift Crypto’s Veil...

In sanctioning what it called the “notorious virtual currency mixer Tornado Cash” on Monday (Aug. 8), the Treasury Department kicked off what could be the beginning of a more aggressive...

August 09, 2022
PYMNTS Cryptocurrency Glossary: Regulations, Legal and Crime

Cryptocurrency is a confusing business with a language all its own, in part because it is a genuinely new way of doing business and in part, because it was created...

August 08, 2022
PYMNTS Cryptocurrency Glossary: The Basics

Cryptocurrency is a confusing business with a language all its own, in part because it is a genuinely new way of doing business and in part, because it was created...

August 08, 2022
EMEA Daily: UAE Money Laundering Watchdog to Crack Down on...

Today in Europe the Middle East and Africa (EMEA), the United Arab Emirates (UAE) is cracking down on money laundering by requiring estate agents to report payments made in crypto...

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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.