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Very important feedback to the EU-commission from Findynet

Finextra

The specific form of the wallet is less important than the ability to participate in trusted digital interactions. Ensuring public sector participation will accelerate adoption and interoperability across industries. This framework underpins real, verifiable trust. We use cookies to help us to deliver our services.

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Bitcoin Tracker: Challengers And Backlogs

PYMNTS

It’s been a varied week for bitcoin. First, some positive news: Bitcoin’s upward pricing trend continues, more or less. It opened this morning with a value of $742 and peaked at $744 (about as close as bitcoin has come to its year high since it hit $768 back in June). The reputation of bitcoin precedes it.

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Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

Bitcoin turned nine, and was celebrated by seeing its price per coin exceed $20,000. He did that by revoking the Cole memo (and two other associated memos) that provided a legal framework for the sale of cannabis in the States. Holiday vacations are officially over, and the payments and commerce news cycle is back in high gear.

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New Regulations Could Push US Dollar Stablecoins Into The Payments Mainstream

PYMNTS

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But those same payments mechanisms must be in compliance with various regulatory and legal frameworks.

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An Overview of Payment Regulation In The USA

Clearly Payments

By enforcing compliance with legal frameworks, regulation not only upholds the integrity of the financial system but also safeguards national security interests. They establish rules, standards, and fees for participating financial institutions and merchants.

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Banks and Stablecoins: a first step towards bridging traditional finance and the crypto world

Finextra

While their mechanisms may vary, they all aim to combine the trust and stability of fiat currencies (most commonly the US Dollar) associated with traditional banking infrastructure with the efficiency of blockchain-based transfers, thereby avoiding the volatility inherent in traditional cryptocurrencies like Bitcoin or Ethereum.

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Thailand to Test Crypto Payments for Tourists with Phuket Pilot Project

Fintech News

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.