PYMNTS

NOVEMBER 28, 2019

In other news, South Korean crypto exchange Upbit revealed that it has lost cryptocurrency worth $49 million. The announcement comes after the Federal Council published a report late last year on the legal framework for blockchain and DLT in the financial sector. Alex Godwin, co-founder of Gladius, said in a statement.

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Legal Framework NOV Transactions Settlement 57

PYMNTS

AUGUST 20, 2018

Charges of money laundering and illegal money transmission have been levied against a 21-year-old bitcoin dealer in California. The charges allege that Burrell sold roughly $750,000 in bitcoin to about 900 individuals throughout the United States over a period that stretched from January 2015 to April 2016.

Money Laundering 41

Money Laundering Bitcoin Legal Framework Laws 41

PYMNTS

AUGUST 9, 2018

Beyond what might be termed traditional payment rails and options, and delving into the world of cryptocurrencies, Flow , which focuses on cross-border payments, said that it is boosting its international payment options to underpin cryptocurrency payment processing through BitPay. ”

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Cross-Border SWIFT Blockchain Cross-Border Payments 40

PYMNTS

JANUARY 31, 2018

There was regulatory news on other fronts too, as you might guess, and it went beyond the scope of bitcoin and how cryptocurrencies might be regulated on a world stage. There was regulatory news on other fronts too, as you might guess, and it went beyond the scope of bitcoin and how cryptocurrencies might be regulated on a world stage.

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Rules Credit Cards Legal Consumer 40

Finovate

JANUARY 24, 2025

Shabi: Complying with the MiCA framework is the first thing that comes to mind when cryptocurrency and the EU are mentioned in the same sentence. MiCA is the EUs first comprehensive legal framework for crypto assets that introduces clear and consistent rules across member states.

Regulations 72

Regulations FinTech BNPL Cross-Border 72

Clearly Payments

FEBRUARY 8, 2024

By enforcing compliance with legal frameworks, regulation not only upholds the integrity of the financial system but also safeguards national security interests. Cryptocurrency: The growing popularity of cryptocurrencies like Bitcoin and Ethereum as alternative payment methods has prompted regulatory scrutiny and debate.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

PYMNTS

JANUARY 15, 2021

But those same payments mechanisms must be in compliance with various regulatory and legal frameworks. Banks’ approach to stablecoins and crypto in general has broadened from simply holding, say, bitcoin on their balance sheets (and offering services to corporate clients) to include services they can offer to clients.

Stablecoins 101

Stablecoins OCC Regulations Office of the Comptroller of the Currency 101

Fintech News

JANUARY 8, 2025

The initiative, announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira, aims to allow foreign visitors to make payments using Bitcoin and other digital currencies, offering a seamless alternative to cash transactions.

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Legal Framework Digital Currency Bitcoin Cryptocurrency 132

Fintech News

FEBRUARY 23, 2025

The MoF’s primary concern stems from Vietnam’s lack of a legal framework for digital assets and cryptocurrencies. Despite global recognition of cryptocurrencies like Bitcoin and Ethereum as virtual assets, Vietnam lacks a legal definition.

Transactions 117

Transactions Legal Framework Legal Cryptocurrency 117

Fintech News

MAY 29, 2025

Government-led regulation in Japan Similarly, Japan has taken a government-driven approach to stablecoin regulation, providing a clear legal framework that distinguishes stablecoins from other crypto assets. Most recently, a new bill has been submitted to update the PSA to better regulate cryptocurrencies and payment services.

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Stablecoins Regulations Issuers Digital Currency 91