Alternative payments require AML diligence, oversight
Alternative payment methods have risen with the COVID-19 pandemic, requiring banks and financial institutions (FIs) to ensure they have anti-money ...
Tag: cryptocurrency
DeFi ‘blowing up,’ Coinbase chief compliance officer says
That banks and financial institutions can no longer ignore the cryptocurrency space may be a bygone conclusion. But are they ...
Miami is first city to accept ‘gift’ proceeds from new cryptocurrency
Miami this month became the first U.S. city to use cryptocurrency to help bankroll its budget, but other cities may ...
U.S. Treasury’s ransomware crackdown: What it means for banks and FIs
The Biden administration this week announced new security guidance to target those who facilitate ransomware payments, laying out an action ...
Crypto platform FalconX quintuples valuation to $3.75B
FalconX, a cryptocurrency and digital-asset trading platform, has more than quintupled its valuation in five months to $3.75 billion, Chief ...
Senators reach bipartisan agreement on cryptocurrency reporting
The bipartisan groups of senators who have been haggling over a cryptocurrency reporting requirement in the $550 billion infrastructure bill ...
State Street to offer crypto services to private-fund clients
State Street Corp. is set to offer cryptocurrency reporting, reconciliation and processing services to its private-fund clients in the latest ...
BNY-backed crypto platform Fireblocks seals unicorn status
Fireblocks has raised $310 million in a series D round that values the digital-asset platform at $2 billion, sealing its ...
FTX Trading closes $900M series B fundraise
A cryptocurrency exchange marks a milestone in the sector this week, with a series B fundraise of $900 million announced ...
Powell says stable coins need regulation to protect U.S. public
Federal Reserve Chair Jerome Powell said there are potential risks from stable coins and that they require regulation to ensure ...
