Search results for AML
Crypto
U.S. Senate CLARITY bill progress lifts Coinbase, Circle more than bitcoin
As discussion of the U.S. Senate’s CLARITY bill advances, markets have reacted more strongly in assets expected to benefit from clearer regulation, including Coinbase, Circle, Ethereum and Solana, than in bitcoin. A revised draft includes provisions on stablecoin rewards, SEC fundraising exemptions, DeFi classification, AML duties, allocation of regulatory authority and tokenisation. Analysts say bitcoin already has much of the institutional framework, while exchanges and stablecoins could be direct beneficiaries.
Crypto
NHN KCP handles stablecoin payments in about 1 second, adds cross-border remittance model
NHN KCP unveiled a model with Avalanche for stablecoin payments, on-chain settlement and cross-border remittances. It implemented a structure that reflects payment information in about 1 second and automatically transfers settlement funds hourly, and is reviewing links to existing payment agency and settlement infrastructure. The companies demonstrated four functions, including a merchant admin page and blockchain-based remittances, using PAYCO’s digital wallet.
Crypto
Mirae Asset acquires Korbit, rebrands it as Digital X
Mirae Asset is acquiring digital asset exchange Korbit and will change its name to Digital X. The group plans to combine Mirae Asset’s financial business experience with Korbit’s digital asset expertise to build an investment platform spanning real-world asset tokenisation, security token offerings and stablecoins. Chairman Park Hyun-joo said Digital X will be a key pillar for “Mirae Asset 3.0” and stressed compliance, internal controls and user protection.
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Crypto
Toss, Toss Bank review stablecoin payment infrastructure with Circle
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Finance
Korea Fintech Industry Association, FSS check payment risks and internal controls at electronic financial firms
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Finance
PG firms team up to block fraudulent payments, rate hike fallout in focus
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Finance
PG industry moves to jointly counter fraudulent payments to close gap missed by banks\' FDS
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Crypto
U.S. CLARITY Act revised draft expected this week as ethics provision stalls ahead of Senate vote
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Crypto
Mirae Asset clears Korbit takeover as Naver-Dunamu tie-up stalls
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Crypto
Japan tests AI agent-based autonomous payment in yen using XJPY, says CoinPost
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Crypto
DSRV launches onchain finance platform for financial institutions
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Crypto
Lambda256 launches digital asset-linked settlement verification project with K Bank and KSNET
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Crypto
U.S. CLARITY Act passage this year in doubt as bipartisan clash intensifies
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Crypto
JPMorgan backs U.S. Clarity Act but warns on regulatory loopholes
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Crypto
EU begins ousting unlicensed crypto firms, tells them to halt operations
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Crypto
Swift warns of key ISO 20022 deadline as Ripple seen already prepared
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Crypto
Can U.S. Clarity bill move fast? Senate 60 votes and ethics clause are decisive
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Crypto
Fed proposes mandatory customer identification for payment stablecoin issuers