Payments Source

MARCH 11, 2021

Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight.

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Federal Reserve Fed Digital Currency Regulations 150

PYMNTS

APRIL 13, 2020

And despite the fact that cryptocurrency purists may look toward decentralization and an “alternative” to central bank policy, it should be noted here that the dollar remains the conduit to social safety nets, to emergency funds, to, well, everyday commerce. Digital fiat would have the full faith and credit of the central banking system.

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Fed Federal Reserve Accounts Direct Deposit 99

Payments Source

APRIL 29, 2021

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Fed Federal Reserve Bitcoin Cryptocurrency 118

PYMNTS

DECEMBER 18, 2020

The EMTECH Modern Central Bank Sandbox will assist central banks in setting up digital currency that’s interoperable and thus can be converted to other cryptocurrencies, and is compatible with payment devices and terminals worldwide.

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Digital Currency Central Bank CBDC Fed 142

PYMNTS

AUGUST 13, 2020

A post from Liberty Street Economics , a research blog of the Federal Reserve Bank of New York , posited that the usual distinction between “token-based” and “account-based” cryptocurrencies are overly simplistic because several popular digital coins, including Bitcoin, could be both.

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PYMNTS

JANUARY 12, 2018

The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. On Thursday, the U.S. While only 2.8

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Fed Bitcoin Law Enforcement Blocks 53

PYMNTS

JULY 11, 2019

Federal Reserve called for a stop to Libra , Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going to address issues like money laundering and privacy, according to a report by Reuters. Other cryptocurrencies, like Ethereum and Ripple, saw similar slumps. The chairman of the U.S.

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Bitcoin Money Laundering Fed Federal Reserve 69

PYMNTS

NOVEMBER 19, 2020

The shift has been noticed by big-name companies, including PayPal , which recently rolled out a method for letting customers buy, hold and sell cryptocurrencies directly. In late October, the payments giant was also reportedly considering buying some cryptocurrency companies.

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Bitcoin Office of the Comptroller of the Currency Cryptocurrency Fed 105

PYMNTS

OCTOBER 3, 2019

He admitted that when it comes to the future of the Fed, digital currency will most likely play a part. “I But Harker said his opinion is currently “in the minority” at the Fed. I am looking at the next five years after that. What comes next? I do think it is something around digital currency,” he said.

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Digital Currency Fed Federal Reserve Central Bank 55

PYMNTS

JANUARY 22, 2018

That’s a big problem for a media industry that is largely fed by advertising revenue. The magic of cryptocurrency and ICOs. We admire their spunk – but the media world is a very big place to try and conquer, particularly when doing it one piece of cryptocurrency at a time. How are they funding all that expensive production?

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Cryptocurrency Product Regulations Consumer 71

CB Insights

JUNE 22, 2018

Is a new cryptocurrency underway? Former chair of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair spoke at length on cryptocurrencies and the prospect of a “Fedcoin” at the annual CB Insights Future of Fintech conference. Bair has commented on Fed-backed cryptocurrencies before. ”

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FDIC Fed Cryptocurrency CBDC 32

Payments Source

NOVEMBER 30, 2017

Randal Quarles, the Federal Reserve official who oversees Wall Street, says central banks are a long way off from embracing cryptocurrencies as a means of paying for things. Not so fast, bitcoiners.

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Bitcoin Federal Reserve Fed Central Bank 62

PYMNTS

FEBRUARY 5, 2020

The United States Federal Reserve is examining the possibilities and issues surrounding cryptocurrencies and digital payments, which include whether there would be a benefit to the agency issuing a digital currency , according to a report by Reuters.

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Digital Currency Fed Federal Reserve CBDC 52

PYMNTS

JUNE 26, 2019

Federal Reserve plans to hold Facebook ’s cryptocurrency, Libra , to high standards when it comes to consumer protection and regulation. The Fed won’t be the only regulator taking a close look at Libra. The international Financial Stability Board (FSB) and the U.K.’s financial system.

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Fed Federal Reserve Consumer Protection Digital Currency 51

PYMNTS

AUGUST 21, 2020

Jim Cunha, senior vice president, secure payments and fintech at the Federal Reserve Bank of Boston , told Karen Webster the joint efforts between the Fed and MIT are focused on exploring the infrastructure that would underpin a CBDC — and, at the same time, will probe various use cases. No Race To Rollout . What’s Next.

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PYMNTS

JUNE 20, 2019

Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. Powell added that the Fed meets “with a broad range of financial sector firms all the time on financial technology.”. There’s just a tremendous amount of innovation going on out there,” he said.

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PYMNTS

FEBRUARY 10, 2020

that serves cryptocurrency businesses, multiple reports indicated on Monday (Feb. Businesses managing cryptocurrencies have had a tough time maintaining relationships with legacy banks because of the perception that bitcoin-type transactions are connected to criminal behavior. Thus far, the regulators have not raised any red flags.”.

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FinTech Money Laundering Cryptocurrency Fed 82

PYMNTS

NOVEMBER 13, 2017

” Such was the difficulty on the Ethereum cryptocurrency network this week, when a few hundred million dollars (no specific amount has been released yet) were frozen due to a vulnerability in the wallet. The Fed’s New Digital Payments Outlook. said Randal Quarles, new member of the Fed’s Board of Governors. “I

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Fed PayPal Federal Reserve Multi-Currency 43

Payments Source

MAY 9, 2018

Today: Facebook starts a blockchain unit; New York pushes ahead with cryptocurrency investigation; CPMI pushes security standards; St. Louis Fed recommends government virtual currency; Monzo adds proximity P2P technology. The information you need to start your day, from PaymentsSource and around the Web.

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PYMNTS

FEBRUARY 9, 2018

The story has included the digital currency’s price plunging over the last month, as well as a wave of regulators – from Seoul to Singapore to Beijing to Berlin – who have suddenly realized that perhaps cryptocurrency in general needs a long, hard look. The president of the Minneapolis Fed, on the other hand, doesn’t wonder at all.

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Fed Bitcoin Federal Reserve Digital Currency 40

PYMNTS

JANUARY 15, 2021

Powell said it would likely be years rather than months before the Fed had any sort of CBDC ready. According to Powell, the Fed is “investing heavily” in the technology and is looking into the policy questions posed by CBDCs. When the public finds out it isn’t money, that’s a “bad thing” the Fed wants to avoid.

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CBDC Fed Federal Reserve Central Bank 67

PYMNTS

NOVEMBER 2, 2020

Fed Adjusts Main Street Lending Terms to Help Small Businesses. As smaller companies struggle financially because of the coronavirus, extended revenue shortfalls could impact the millions of people who work for them, the Fed said in announcing the new terms. Surecomp Integrates ThetaRay to Reduce Financial Crime.

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Debit Card Fed Federal Reserve Financial Crimes 59

PYMNTS

JUNE 20, 2019

News of the launch of Facebook cryptocurrency Libra has highlighted how the U.S. On Wednesday (June 20), Fed chairman Jerome Powell said that the country’s central bank has “significant input into the payments system,” which is the eCommerce system that Libra will affect. It’s something we’re looking at,” he said.

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Regulations Money Laundering Federal Reserve Digital Currency 67

PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.

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Federal Reserve Bitcoin Office of the Comptroller of the Currency Cryptocurrency 103

Payments Source

OCTOBER 19, 2017

Today: Fed will study payment crime next year; ATM thieves get a starter kit; Mobile coupons at the arena; Cryptocurrency for the point of sale. The information you need to start your day, from PaymentsSource and around the Web.

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Fed ATM Crime Cryptocurrency 60

PYMNTS

NOVEMBER 12, 2019

Philadelphia Federal Reserve President Patrick Harker said in early October it is “ inevitable ” that central banks including the Fed will issue digital currency. He said his view was “in the minority” at the Fed, but that his staff is researching the issue. “I I am looking at the next five years after that. What comes next?

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Digital Currency Central Bank Fed Federal Reserve 40

PYMNTS

NOVEMBER 8, 2019

Federal Trade Commission (FTC) Commissioner Rohit Chopra wrote a letter to the Federal Reserve saying projects like Libra (Facebook’s proposed cryptocurrency ) illustrate the need for the bank to develop a real-time payments service, according to reports. financial system and the U.S. economy?”

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Real Time Payments FTC Fed Federal Reserve 40

PYMNTS

NOVEMBER 8, 2019

Federal Trade Commission (FTC) Commissioner Rohit Chopra wrote a letter to the Federal Reserve saying projects like Libra (Facebook’s proposed cryptocurrency ) illustrate the need for the bank to develop a real-time payments service, according to reports. financial system and the U.S. economy?”

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Real Time Payments FTC Fed Federal Reserve 40

PYMNTS

FEBRUARY 6, 2020

Fed Weighs Costs And Benefits Of Issuing Digital Currency. 5, Federal Reserve Governor Lael Brainard discussed the Fed’s process of evaluating the possibilities, issues and benefits of adopting cryptocurrencies and digital payments. Speaking at Stanford’s Graduate School of Business on Wednesday, Feb.

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Digital Currency Fed Federal Reserve Cross-Border Payments 52

Payments Source

JANUARY 17, 2018

The central bank is beginning to consider the possibility of a “digital dollar,” which will foster more efficient and transparent payments.

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Digital Currency Fed Central Bank Payments 61

Payments Source

AUGUST 25, 2017

Society has accepted central banks’ monopoly over creating and controlling the flow of money, but history and current technological innovations point to alternative approaches.

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The Paypers

AUGUST 14, 2020

Federal law enforcement officials have conducted a seizure which is said to be one of the largest seizure of cryptocurrency connected to terrorism.

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Cryptocurrency Law Enforcement Fed Laws 28

PYMNTS

AUGUST 21, 2020

In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. Report: $50B in Cryptocurrency Moved Out of China. Plus, Amazon has put some hiring on hold for its Alexa operation. The Main Street Rescue That Wasn’t (And Still Isn’t).

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Federal Reserve Cryptocurrency CBDC Credit Union 63

PYMNTS

DECEMBER 31, 2018

Well, that’s a popularity contest, and for bitcoin, popularity reigned as evidenced by the roughly $20,000 for which the cryptocurrency changed hands, a heady rise from the less-than $800 level that marked the beginning of 2017. Fed Scrutiny, Too. Oh, and it never helps to have the Feds peeing into what you are doing, by the way.

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PYMNTS

MARCH 4, 2019

Federal Reserve has announced amendments to a policy statement on the scenario design framework for stress testing, which could soon include a potential cryptocurrency market crash as one of the market risks. And Thailand’s financial markets regulator has banned several digital coins from the list of eligible cryptocurrencies.

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Bitcoin Federal Reserve Fed Cryptocurrency 51

PYMNTS

NOVEMBER 8, 2020

According to Cointelgraph , Powell had been responding to a news conference after the Fed's Nov. Federal Reserve Chair Jerome Powell advising more money printing meant that purchasing Bitcoin was a good idea. 5 meeting, in which Powell said again that the resources to support the economy weren't expended yet.

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Bitcoin Fed Federal Reserve Money Laundering 62

PYMNTS

AUGUST 15, 2019

In 2016, hackers stole $81 million from the Bangladeshi central bank from an account at the New York Fed. The ECB also recently spoke out against cryptocurrency and said it wouldn’t recognize it as an actual currency. The statement underpins the bank’s ongoing icy stance on cryptocurrency in general.

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