Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’

Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa's Head of Crypto Insists 'Story Is Inaccurate'According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards and failed due to financial difficulties last year. After the report published, […]

Go to Source

Powered by WPeMatico

US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts

US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master AccountsThe U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they are published in the Federal Register. New Guidelines […]

Go to Source

Powered by WPeMatico

Bitwage Partners With Edge Wallet and Casa to Streamline Bitcoin Payroll Services to Mainstream Audiences

Bitwage Partners With Edge Wallet and Casa to Streamline Bitcoin Payroll Services to Mainstream AudiencesThe cryptocurrency payroll service Bitwage announced on Monday that the company has partnered with the digital currency wallets Casa and Edge Wallet in order to “bring bitcoin payroll to mainstream audiences.” Now Edge Wallet and Casa users can connect to the Bitwage platform’s services via a deep link or QR code. Crypto Payroll Company Bitwage […]

Go to Source

Powered by WPeMatico

Kenya Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian Fintechs

Kenya Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian FintechsIn a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigerian fintechs, Flutterwave and Chipper Cash. The letter reiterates the CBK governor Patrick Njoroge and the Asset Recovery Agency (ARA)’s assertions that the […]

Go to Source

Powered by WPeMatico

Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions

Bankoff Crypto Cards Suspended Amid High Volume of Russian TransactionsBankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt Support for Bankoff Cards Payment processors Visa and […]

Go to Source

Powered by WPeMatico

Anonymous Hackers Claim to Have Breached Russian Payment Service Provider Qiwi

Anonymous Hackers Claim to Have Breached Russian Payment Service Provider QiwiA hacking group linked to the Anonymous collective has allegedly hit the popular Russian payment processor Qiwi. Network Battalion 65 announced on social media it had managed to gain access to the platform’s databases — a claim the company has denied. Anonymous Affiliate Hacks Russian Payment System Qiwi Hackers from Network Battalion 65 (NB65), a […]

Go to Source

Powered by WPeMatico

Eurosystem Approves New Oversight Framework Concerning Crypto Services

Eurosystem Approves New Oversight Framework Concerning Crypto ServicesThe monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, […]

Go to Source

Powered by WPeMatico

Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals

Singapore Strives to Become a Global Crypto Hub, Monetary Authority RevealsSingapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish Itself as Center for Crypto […]

Go to Source

Powered by WPeMatico

Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox

Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory SandboxPresident Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers. New Legislation Allows Ukrainian Central Bank to Issue Digital Currency The President of […]

Go to Source

Powered by WPeMatico