PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

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Accounting Banking Currencies Securities 135

PYMNTS

SEPTEMBER 25, 2020

Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies. Mester noted the central bank had been looking into digital currencies even before the pandemic, “building and testing a range of distributed ledger platforms to understand their potential benefits and trade-offs.”

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Currencies Banking Securities Technology 132

PYMNTS

NOVEMBER 12, 2020

Christine Lagarde , European Central Bank (ECB) president, said the ECB could make its own digital currency within a few years, which could change up the eurozone financial sector drastically, Bloomberg reported. If it’s cheaper, faster, more secure for the users, then we should explore it.

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Currencies Banking Securities Retail 121

PYMNTS

AUGUST 16, 2020

China’s Ministry of Commerce is moving forward with its plan for a digital currency, according to a report by The Wall Street Journal (WSJ). The bill originally set out to distinguish digital assets from securities.

Currencies 134

Currencies Compliance Securities Planning 134

PYMNTS

NOVEMBER 25, 2020

The Federal Ministry of Finance in Nigeria is said to be in discussions with the securities watchdog in the country to create a new digital currency and blockchain structure, Cointelegraph reported. As it stands, bitcoin and other digital currencies are seeing increasing use in Nigeria.

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Nonprofit Currencies Securities Finance 110

CFO News Room

JANUARY 18, 2023

Weeks before cryptocurrency exchange FTX filed for bankruptcy , dozens of young Nigerians in skintight dresses and brightly colored suits shimmied under limbo bars, posed for photos in front of the company’s logo and sipped expensive liquor at a swanky beachfront venue.

Currencies 100

Currencies Marketing Technology Investments 100

PYMNTS

DECEMBER 18, 2020

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. CVC" stands for "convertible virtual currency" – a category of digital products that can serve as currency. Bitcoin is a popular example.

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Treasury Currencies Securities Banking 141

CFO News

FEBRUARY 15, 2024

Finance Minister Nirmala Sitharaman urged the Security Printing & Minting Corporation of India (SPMCIL) to adapt to India's rapid transition into a digital economy.

Currencies 52

Currencies Finance Securities 52

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

PYMNTS

OCTOBER 7, 2020

SWIFT’s [Society for Worldwide Interbank Financial Telecommunication] new service offers the possibility of borderless low-cost account-to-account currency transfers from the bank’s own app or portal, and Oracle Banking Payments’ readiness makes this transition easy and fast for SMEs.”. The subsidiary of Oracle Corp.

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Currencies Banking Accounting Securities 145

PYMNTS

JANUARY 10, 2020

China’s central bank, the People’s Bank of China (PBOC), said it has completed the “top-level” design of its proposed digital currency, according to reports. Mu Changchun, the head of the digital currency research institute at the PBOC, said the focus will be on “stability, security and control.”

Banking 102

Banking Currencies Construction Securities 102

PYMNTS

DECEMBER 9, 2020

The accelerated growth of USDC over the course of this year is the result of our active work to establish an open standard for fiat digital currency on the internet,” Puth said in a statement. Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

Currencies 103

Currencies Treasury B2B Compliance 103

PYMNTS

NOVEMBER 13, 2020

Peter Brandt said on Twitter that the Securities and Exchange Commission would have declared XRP a security if it “understood cryptos,” per Cointelegraph. Earlier last month, Ripple announced plans to introduce a loan product that would enable its users to tap XRP digital currency for cross-border payments.

Startups 102

Startups Currencies B2B Securities 102

CFO News Room

FEBRUARY 5, 2022

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

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Budgeting Currencies Finance Banking 130

PYMNTS

DECEMBER 30, 2020

A lawsuit filed by the Securities and Exchange Commission (SEC) against digital payments firm Ripple is heading to virtual court on Feb. billion in an unregistered securities offering of the digital coin XRP. The SEC considers XRP a security, however, and that is where the problem sits.

Currencies 130

Currencies Securities Retail 130

PYMNTS

DECEMBER 28, 2020

at online trading platform eToro , said in the report there are "storm clouds" on the horizon for the form of currency. Warnings of money-printing by global central banks, some of which began to show their own interest in digital currency, gave way to fears of inflation. billion unregistered securities offering.

Currencies 100

Currencies Securities Sales Retail 100

PYMNTS

DECEMBER 23, 2020

News came this week that the United States Securities and Exchange Commission has filed suit against Ripple over its XRP cryptocurrency. billion unregistered securities offering, and named CEO Brad Garlinghouse and Co-Founder Chris Larsen in the suit. XRP is a currency, as the DOJ and FinCEN determined in 2015.

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Currencies Securities Investments Sales 93

PYMNTS

OCTOBER 15, 2020

It will function as a “gathering place” for those interested in digital currencies or those who start businesses in addition to researchers, expats and digital nomads. Meanwhile, the federal government is Nigeria is said to be creating a framework to allow for countrywide digital currency adoption, CoinDesk reported.

Currencies 119

Currencies Communication Securities Investments 119

PYMNTS

DECEMBER 30, 2020

Securities and Exchange Commission filed a lawsuit against Ripple for trading the cryptocurrency without registering it as a security. Bittrex will remove the currency on Jan. Ripple maintains “XRP is a currency, as the DOJ and FinCEN determined in 2015.”. In other news, bitcoin hit a new high on Wednesday (Dec.

Currencies 100

Currencies Securities Marketing 100

PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. Ehrlich said stablecoins, including the U.S. Establishing Trust And Confidence.

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Treasury Currencies Cash Management Benchmarking 129

CFO News Room

FEBRUARY 3, 2022

Budget 2022’s announcements on manufacturing, sustainability, electronics, digital currency, innovation and startups with technology as the cornerstone are expected to give a fillip to the tech industry. Overall LTCG on unlisted securities is now 23.92%, as opposed to 28.5% By Srinath Srinivasan. This is a Digital India budget.

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Budgeting Startups Currencies Manufacturing 130

PYMNTS

OCTOBER 5, 2020

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

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PYMNTS

NOVEMBER 10, 2020

To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector. Back in May, i2c Inc. The Demographics — And Digital Fiat .

Currencies 129

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PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

Foreign Exchange 84

Foreign Exchange Currencies Securities Numbers 84

PYMNTS

SEPTEMBER 16, 2020

Ni Shiyuan, a police officer in the Public Security Bureau, told the news service the government should urge these platforms, especially new social eCommerce platforms, to strengthen internal controls.

eCommerce 124

eCommerce Currencies Banking Securities 124

PYMNTS

NOVEMBER 12, 2020

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. 12) announcement.

Currencies 110

Currencies Banking Securities 110

PYMNTS

JANUARY 24, 2020

The move comes after a Bank of Japan decision to join with six other central banks to share knowledge on issuing digital currencies at a later time. Mu Changchun, the head of the digital currency research institute at the PBOC, said the focus will be on “stability, security and control.”

Currencies 100

Currencies Banking Securities Planning 100

Future CFO

OCTOBER 17, 2023

The China Securities Regulatory Commission (CSRC) ordered domestic brokerages’ overseas units to stop opening new stock accounts for onshore investors to stem capital outflows that have pushed the yuan to a 16-year low. The post Chinese securities regulator stops brokerages from opening overseas accounts appeared first on FutureCFO.

Securities 52

Securities Accounting Currencies Marketing 52

PYMNTS

OCTOBER 23, 2020

Mike Belshe , BitGo's chief executive officer, founded the company in 2013 to offer highly secure digital wallets for crypto, which need multiple signatures for transactions. BitGo raised $58.5 million in 2018 and was valued at $170 million, according to PitchBook.

Currencies 107

Currencies Securities Banking Planning 107

PYMNTS

NOVEMBER 19, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Bitcoin has been trending upward in recent months, with more mainstream accolades and many worldwide governments looking at starting digital currency programs.

Currencies 105

Currencies Securities Banking 105

PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Or at least they didn’t until now.

Sales 127

Sales Currencies B2B Communication 127

Global Finance

OCTOBER 16, 2024

Lim Soon Chong , Group Head of Global Transaction Services, DBS As financial institutions seek to expand their cross-border payment capabilities, the challenge lies not only in scaling to new corridors but also in managing the complexity of currency volatility and compliance. Real-world applications of this approach are already in motion.

Currencies 104

Currencies Economics Leadership Banking 104

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. Privacy And Security.

Currencies 117

Currencies Treasury Banking Securities 117

PYMNTS

DECEMBER 29, 2020

A small Spanish city has debuted an “Elio” digital currency to help with transactions, Finance Magnates reported. The digital currency, which is pegged to the euro, will let the City Council of Lebrija provide economic assistance to just under 600 chosen beneficiaries. 4, 2021, according to a post.

Currencies 93

Currencies Economics Finance Securities 93

Global Finance

JULY 24, 2024

Indications are that Indian G secs will be added to other indices such as the Bloomberg EM Local Currency Government Index from January 2025. The post India Secures Spot On Prestigious Bond Index appeared first on Global Finance Magazine.

Securities 52

Securities Currencies Economics Finance 52

PYMNTS

DECEMBER 23, 2020

Securities and Exchange Commission ’s lawsuit contending that the blockchain firm connected to the digital currency held a $1.3 billion securities offering that was not registered, CNBC reported. The SEC’s complaint centers on the contention that the digital currency should be dealt with as a security in lieu of a currency.

Currencies 86

Currencies Securities 86

PYMNTS

AUGUST 14, 2020

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its blog this week. Customers in 17 states have been invited to join the waitlist to borrow up to 30 percent of their bitcoin holdings.

Currencies 107

Currencies Startups Economics Accounting 107