PYMNTS

OCTOBER 19, 2020

sanctions can encompass prohibitions on operations with cryptocurrencies. The bank claims that a digital ruble could make digital payments less expensive, increase the ease of international payments and relax the pressure on current payment systems. However, CoinDesk notes that U.S. 19) announcement.

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Fincen Mitigation Risk AML 53

PYMNTS

MAY 19, 2020

has been named general counsel to the Libra Association , a Geneva-based group founded by Facebook to launch the social media company’s digital currency, the organization announced Tuesday (May 19). Kennedy and late Supreme Court Justice Lewis F. He also headed financial crime compliance for Merrill Lynch.

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Treasury Financial Crimes Crime Fincen 90

PYMNTS

DECEMBER 11, 2020

Unease with automated identity solutions is understandable but increasingly irrelevant as the scale, scope and sheer popularity of digital commerce necessitates automation. Defending New Digital Currencies. The zeal with which crooks are now targeting cryptocurrencies signals the need for additional layers of security.

Money Laundering 87

Money Laundering AML Cryptocurrency Verification 87

The Fintech Times

FEBRUARY 24, 2024

Many cryptocurrency exchanges (CEXs) that facilitate trades between users of various digital currencies have often come under fire for mismanaging money, or engaging in unlawful activity. Meanwhile, the US boasts more top CEXs registered with the Financial Crimes Enforcement Network (FinCEN) than any other country.

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Fincen Financial Crimes Regulations Digital Currency 69

PYMNTS

JANUARY 14, 2021

As quoted by Reuters, she termed the cryptocurrency a “highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide.

Money Laundering 61

Money Laundering Bitcoin Regulations Central Bank 61

PYMNTS

JULY 15, 2019

The top official overseeing Facebook’s Libra cryptocurrency told U.S. Libra Head David Marcus said the creation of Facebook’s cryptocurrency is not intended to compete with principal currencies and won’t interfere with monetary policy, Reuters reported. Monetary policy is properly the province of central banks.”.

Money Laundering 46

Money Laundering Regulations Fincen Cryptocurrency 46

PYMNTS

MARCH 3, 2020

Justice Department (DOJ) with laundering over $100 million worth of cryptocurrency that was previously hacked by North Korean fraudsters, the DOJ said on Tuesday (March 3). and unsealed on Monday (March 2), Tian Yinyin and Li Jiadong allegedly laundered cryptocurrency stolen by North Korean hackers between December 2017 and April 2019.

Law Enforcement 56

Law Enforcement Money Laundering IRS OFAC 56

Finance Magnates

JANUARY 16, 2023

Some states may also require businesses to obtain a license from the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of Treasury. The license is used by businesses such as money transfer companies, payment processors, and digital currency exchanges. Faisal Khan , CEO of Faisal Khan LLC.

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Fincen Financial Crimes Digital Currency Crime 52

PYMNTS

SEPTEMBER 30, 2020

FinCEN Director Tells Banks To Look Out For Crypto Fraud. Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco said that banks have to be cautious about digital currency risks, according to remarks scheduled to be provided at the ACAMS AML digital conference on Sept.

Fincen 52

Fincen Financial Crimes AML Card Issuer 52

BitPay

MAY 25, 2023

A growing number of businesses have begun accepting cryptocurrency payments to meet the demands of their crypto-using customers. Fortunately, today it’s easier than ever for B2B businesses to start taking cryptocurrency in exchange for their goods and services, with no crypto knowledge required and no complicated integrations.

Cryptocurrency 40

Cryptocurrency B2B Bitcoin Processors 40

PYMNTS

JULY 1, 2019

Despite the obvious regulatory hurdles that Facebook’s recently announced cryptocurrency is facing, the company is moving forward with its plan to provide the world with an accessible global currency, according to reports. Financial Crimes and Enforcement Network (FinCEN). It’s only going to get worse.”.

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Fincen Central Bank Financial Crimes Cryptocurrency 41

Payments Source

APRIL 27, 2018

Financial institutions engaged in virtual currency markets face a number of risks — proceeding carefully is justified.

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Risk Fincen Digital Currency Bitcoin 65

CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. In still other cases, accredited investors buy tokens via cryptocurrency purchase agreements. The encrypted messaging service raised $1.7B End of story.”

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Blockchain Technology Cryptocurrency Use Case 75

PYMNTS

DECEMBER 30, 2020

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Treasury secretary will further catalyze the evolution and spendability of digital currency.

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Fed Bitcoin Cryptocurrency Digital Currency 107

FICO

APRIL 19, 2021

Last month, too, JPMorgan Chase launched a structure note offering to give clients a way to gain exposure to Bitcoin and other cryptocurrencies. In an interesting choice of words, Forbes refers to the offering as a potential “gateway drug,” presumably to direct cryptocurrency investing. And with that comes regulation.

AML 52

AML Cryptocurrency Financial Crimes Money Laundering 52

PYMNTS

JANUARY 21, 2021

The Biden Administration has a number of issues to tackle beyond the coronavirus, namely cryptocurrency, cybersecurity, national security threats, and money laundering. Justice Department recently raised alarms about cryptocurrencies and national security threats.

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OCC Office of the Comptroller of the Currency Fincen Federal Reserve 116

The Payments Association

MARCH 18, 2025

During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). These views highlight the political divisions shaping the debate over the future of digital currency in the United States.

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Federal Reserve Stablecoins Fed Settlement 88