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Home » Digital Currency » Page 17

Digital Currency

Congress members question administration on reports of crypto-financed terrorism

By Liz Carey   |   October 20, 2023   |   Digital Currency

On Wednesday, U.S. Sens. Sherrod Brown (D-OH) and Elizabeth Warren (D-MA) joined a bipartisan group of more than 100 colleagues in questioning reports that groups used crypto-currencies to fund attack...

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Regulators reach $20M settlement with ACI Payments, Inc

By Dave Kovaleski   |   October 19, 2023   |   Digital Currency

Agencies in 44 states announced they had reached a settlement with ACI Payments, Inc. for data misuse that impacted nearly half a billion consumers across the country. The $20 million fine is in r...

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CFTC files complaint against former CEO of bankrupt digital asset firm

By Dave Kovaleski   |   October 16, 2023   |   Digital Currency

The Commodity Futures Trading Commission filed a complaint against the former CEO of a bankrupt company for fraud and registration failures. The complaint, filed in the U.S. District Court for the ...

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CFTC to hold free, virtual event on scams and fraud in the digital world

By Dave Kovaleski   |   September 27, 2023   |   Digital Currency

The Commodity Futures Trading Commission (CFTC) is holding a virtual event on Oct. 4 that is focused on combatting fraud and scams in the digital world. The event, called Technology and Fraud: Stop...

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Rep. Emmer’s anti-CBDC bill passes out of Financial Services Committee

By Dave Kovaleski   |   September 22, 2023   |   Digital Currency

The House Financial Services Committee recently passed a bill that prevents the Federal Reserve from issuing a central bank digital currency, or CBDC, to individuals. The CBDC Anti-Surveillance Sta...

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Rep. Emmer introduces bill to halt issuance of CBDC

By Dave Kovaleski   |   September 14, 2023   |   Digital Currency

U.S. Rep. Tom Emmer (R-MN) introduced legislation that would halt the Federal Reserve from issuing a central bank digital currency (CBDC). Emmer’s CBDC Anti-Surveillance State Act prohibits the F...

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Visa expanding stablecoin settlement capabilities to the Solana blockchain

By Dave Kovaleski   |   September 6, 2023   |   Digital Currency

Visa is expanding its stablecoin settlement capabilities to the Solana blockchain and is working with merchant acquirers Worldpay and Nuvei. The payment processing company has already moved million...

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Republican lawmakers seek answers from Fed on regulatory framework for stablecoins

By Dave Kovaleski   |   August 30, 2023   |   Digital Currency

A group of Republican House leaders are voicing their objections to the Federal Reserve related to the establishment of a regulatory framework for payment stablecoins. The lawmakers, led by Rep. ...

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Treasury, IRS propose new rule on sale, exchange of digital assets by brokers to crack down on tax cheats

By Dave Kovaleski   |   August 29, 2023   |   Digital Currency

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today released proposed regulations on the sale and exchange of digital assets by brokers. This proposal is part of the ...

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PayPal launches U.S. dollar-denominated stablecoin

By Dave Kovaleski   |   August 9, 2023   |   Digital Currency

PayPal is launching a U.S. dollar-denominated stablecoin called PayPal USD. PayPal USD is designed to contribute to the opportunity that stablecoins offer for payments. The stablecoin is fully ba...

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Cannabis Banking

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Digital Currency

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  • U.S. Bank executed pilot transaction utilizing its USBDC stablecoin
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