March 29, 2022
UK to Propose New Crypto Rules While FCA Closes Registration

The Financial Conduct Authority (FCA) is ending its Temporary Registration Regime (TRR) for crypto asset businesses on March 31, and those companies that are not registered may not be allowed...

March 29, 2022
Financial Firms Bring Inside Perspective to Crypto-as-a-Service

As cryptocurrency digs deeper into the mainstream, more and more companies find their customers are asking about it. That means banks and financial services firms want to offer the ability...

March 28, 2022
House Bill Calls for Creation of Crypto-Less, Privacy-First Digital Dollar

A new bill seeks to purge not just blockchain, but all digital ledgers from the digital dollar. Rep. Patrick Lynch (D-Mass.) and four Democratic colleagues announced the “Electronic Currency And...

March 28, 2022
Crypto Payments Firm Wirex Withdraws from FCA Registry

Wirex, the London-based cryptocurrency exchange platform, has withdrawn its application for a license from the United Kingdom’s Financial Conduct Authority (FCA), CoinDesk.com reported Monday (March 28). As a result, Wirex...

March 25, 2022
PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and...

Money laundering is a perpetual challenge for banks, payments providers and the oversight agencies assigned to monitor them. Experts estimate that up to 5% of the global gross domestic product...

March 25, 2022
AI-Powered Analytics Help FIs Sharpen AML Strategies

Money launderers “wash” more than $2 trillion in the global economy each year, despite the best efforts of financial institutions (FIs) and governments. Much of their success has to do...

March 24, 2022
Tools Like Digital ID and Oracles Bring KYC Controls to...

Even without the urgency of cryptocurrency-enabled Russian sanctions violations, bringing know your customer (KYC) identity verification to decentralized finance (DeFi) was always a matter of “when,” not “if.” And now...

March 24, 2022
Fed, Bank of England Lead Charge for Global DeFi Regulations

Decentralized finance is a growing threat to economic stability that must be reined in and regulated by international cooperation. That’s the message that Federal Reserve Chair Jerome Powell and Bank...

March 24, 2022
OneAZ Credit Union on Leveraging Digital Identity to Ensure AML...

FIs with insufficient digital identity protocols risk being hit with a one-two punch from debilitating money laundering schemes as well as stiff government agency penalties that go with them. In...