PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. A central entity may implement a monetary policy and issue currency. A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation.

Digital Currency 97

Digital Currency Central Bank CBDC Federal Reserve 97

Fintech News

MARCH 24, 2025

Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. Instead, this method requires users to provide key details such as an identification number, which are then cross-checked against government databases. in 2023 to 2% in 2024.

APACS 92

APACS Verification Fraud Detection Money Laundering 92

PYMNTS

OCTOBER 1, 2020

The European Central Bank (ECB) has taken what could be a big first step toward launching a digital currency. The central bank’s legal office has filed an application for the trademark with the European Union Intellectual Property Office, which was confirmed by a spokesman for the ECB, the news service reported.

Central Bank 90

Central Bank Digital Currency Economy Assessments 90

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. The intent is to start a fully-fledged central bank digital currency (CBDC). While the project takes off in Exuma, the bank will be working to strengthen consumer protection and enact regulations.

Digital Currency 83

Digital Currency Central Bank CBDC Stablecoins 83

Payments Source

NOVEMBER 9, 2020

Bitcoin has underpinned the next generation of currencies, while showing that central banks are not necessarily needed as administrators or gatekeepers.

Bitcoin 116

Bitcoin Central Bank Governance Government 116

Payments Source

FEBRUARY 24, 2021

Governments are digitizing money, creating a need for banks to provide rails to connect consumers and central banks.

Central Bank 159

Central Bank Government Governance Consumer 159

Payments Source

JANUARY 7, 2020

Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.

Digital Currency 112

Digital Currency Central Bank Cryptocurrency Government 112

PYMNTS

JUNE 8, 2020

Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete in competition against an official digital currency, which could easily process a digital payment the same way. One way Buonomo could see it being done is if a new cryptocurrency were created and issued by a central bank.

Blockchain 135

Blockchain Accounts Digital Currency Federal Reserve 135

Fintech News

FEBRUARY 2, 2025

From cryptocurrencies to tokenized assets and Central Bank Digital Currencies (CBDCs), blockchain and other Distributed Ledger Technologies (DLTs) are at the core of these innovations. Through global collaboration, AI can unlock unprecedented opportunities for financial institutions and consumers alike.

Innovation 132

Innovation Finance AI Encryption 132

PYMNTS

APRIL 21, 2020

The Central Bank of Argentina (BCRA) is trying out blockchain in a new clearing system, and the technology could eventually be used by other large banks, according to CoinDesk. The technology is based on the RSK Smart Contract Network, and IOV made it in connection with the central bank and others, like Santander and BBVA.

Central Bank 72

Central Bank Returns Blockchain Cryptocurrency 72

Payments Source

JANUARY 5, 2021

Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S. at risk of falling behind other countries in the race to support faster payment processing.

Fincen 154

Fincen OCC Digital Currency Central Bank 154

PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. They will also confer with colleagues overseas on the topic.

Central Bank 64

Central Bank Digital Currency Money Laundering CBDC 64

PYMNTS

JANUARY 5, 2021

Trading volumes on cryptocurrency exchanges have been doing extraordinarily well this week, hitting a new record volume of $68.3 Ethereum, the second-biggest cryptocurrency, which usually rises at the same time as bitcoin, also hit its highest level on Monday since 2018, with a $1,170 value, Reuters reported. billion, Reuters reported.

Volume 131

Volume Bitcoin Cryptocurrency Digital Currency 131

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

PYMNTS

JANUARY 24, 2020

In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency.

Digital Currency 100

Digital Currency Central Bank Cryptocurrency Government 100

PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. Speaking with David Rubenstein at a Bloomberg event on Friday (Dec.

CBDC 114

CBDC Digital Currency Central Bank Government 114

PYMNTS

FEBRUARY 6, 2020

Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters involved for launching their own, the Nikkei Asian Review reported on Thursday (Feb. In January, the central banks of the U.K., trillion by 2025.

Central Bank 100

Central Bank Digital Currency CBDC Federal Reserve 100

PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. Visa was once hesitant when it came to crypto — and held off before offering its full blessing.

PayPal 131

PayPal Cryptocurrency Bitcoin Central Bank 131

The Fintech Times

FEBRUARY 17, 2025

Standard Chartered Standard Chartered has a track record of working with stablecoin issuers globally, allowing the JV to fully utilise its bank-grade infrastructure and rigorous governance. That is why we are actively involved in various central bank digital currencies, tokenised deposits and, of course, stablecoins projects.

Stablecoins 104

Stablecoins Issuers Use Case Cross-Border Payments 104

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

Central Bank 75

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

The Fintech Times

FEBRUARY 9, 2024

Cryptocurrency exchange Kraken has achieved a notable milestone in its European expansion strategy with the recent acquisition of a VASP registration from the Dutch Central Bank (DNB). As virtual assets continue to surge in global prominence, the regulatory landscape governing them becomes increasingly crucial.

Central Bank 64

Central Bank Regulatory Compliance Cryptocurrency Continuity 64

PYMNTS

JANUARY 25, 2021

25), said the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency,” the report stated, adding that it would put one into use if necessary. A booklet on payments released by the RBI Monday (Jan. Since then, the number of exchanges has grown in the country.

Digital Currency 127

Digital Currency Central Bank Government Governance 127

PYMNTS

OCTOBER 8, 2019

New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. The EU largely rejected regulations on cryptocurrency until Libra was announced in June. At a G20 meeting planned for Oct.

Governance 69

Governance Government Multi-Currency Stablecoins 69

The Payments Association

MARCH 19, 2025

Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. Some governments embrace them, others restrict them, and many are still figuring out how to regulate them.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks. This might disrupt transaction banking and financial market intermediation.”.

Central Bank 59

Central Bank Money Laundering Stablecoins Digital Currency 59

PYMNTS

SEPTEMBER 11, 2017

Bitcoin, the popular cryptocurrency, is facing increased scrutiny from government regulators in China, which are reportedly gearing up to close Chinese bitcoin exchanges. This decision resulted in a decline in the price of the cryptocurrency late last week. The freeze remains in place until then.

Cryptocurrency 61

Cryptocurrency Bitcoin Scams Shutdown 61

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. Fed, the Swiss National Bank and others.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

The Payments Association

JANUARY 21, 2025

Elkhan Nasibov CEO, Guavapay Beyond the broader digitalisation trendssuch as embedded payments, open banking, BNPL, contactless technology, and AItwo areas saw significant acceleration in 2024: cryptocurrencies and sustainability in payments. and Brazil. Looking ahead, consumer openness to new payment methods is mixed.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

PYMNTS

DECEMBER 10, 2019

Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Members of the Governing Council anticipate informal discussions about digital currency, which will take place ahead of a Thursday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money.

Central Bank 54

Central Bank Digital Currency Federal Reserve Fed 54

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. While few dispute the future potential viability of cryptocurrencies or stablecoins backed by the U.S.

Bitcoin 117

Bitcoin Cryptocurrency PayPal Privacy 117

Fintech News

FEBRUARY 27, 2024

These negative developments likely influenced governments across the globe, because the following 12 months saw an extraordinary boom in crypto policy regulation in APAC countries. By the end of December 2023, a total of 31 cryptocurrency service providers had complied with the registration process.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

PYMNTS

SEPTEMBER 17, 2020

The race to develop central bank digital currencies (CBDCs) is underway, but it seems the Reserve Bank of Australia may not be in the running. 17), Australia’s central bank has viewed the issuance of such digital coinage with caution, and even a bit of skepticism. As reported by Cointelegraph Thursday (Sept.

Central Bank 72

Central Bank CBDC Digital Currency Federal Reserve 72

PYMNTS

OCTOBER 12, 2020

China’s central bank is issuing 10 million yuan ($1.5 Unlike bitcoin, the digital yuan is not a cryptocurrency because it is being issued and controlled by China’s central bank, the People’s Bank of China (PBOC). It won’t replace Alipay or WeChat Pay and is expected to work with them as well as other banks.

Digital Currency 96

Digital Currency Central Bank Cryptocurrency Settlement 96

CoinRemitter

APRIL 3, 2025

With the growing demand for cryptocurrencies as a payment method in online businesses, accepting crypto payments has become an attractive option for worldwide businesses. Unlike cryptocurrencies like Bitcoin and Ethereum, stablecoins are pegged to fiat currencies, which means their values remain stable, reducing financial risks.

Gateways 52

Gateways Cryptocurrency Payment Gateways Stablecoins 52

PYMNTS

OCTOBER 8, 2020

The government of the Philippines is considering limiting the number of digital banks that operate in the country, Bloomberg News reported on Thursday (Oct. Banks around the world have been accelerating the adoption and promotion of digital banking as a result of the COVID-19 pandemic. Reuters reported on Sept.

Governance 52

Governance Government Central Bank Cryptocurrency 52

CoinRemitter

MAY 29, 2024

With the rise in digital currencies for payments and transactions, two innovations are much discussed: Central Bank Decentralised Currencies (CBDCs) and cryptocurrencies. Let’s break down the key differences between CBDCs and cryptocurrencies. This will reduce bank deposits and lending activities.

Cryptocurrency 49

Cryptocurrency Central Bank Digital Currency Privacy 49

Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. Nonetheless, the Eastern Central Caribbean Bank composed of the nations of Antigua and Barbuda, Dominica, Grenada, St.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88