Public Statement Statement on Cryptocurrencies and Initial Coin Offerings SEC Chairman Jay Clayton Dec. 11, 2017 The world’s social media platforms and financial markets are abuzz about cryptocurrencies and “initial coin offerings” (ICOs). There are tales of fortunes made and dreamed to be made. We are hearing the familiar refrain, “this time is different.” The […]
WASHINGTON, D.C. —Today, the Consumer Financial Protection Bureau (CFPB) brought action against Intercept Corporation, a payment processor and two of its executives, Craig Dresser and Bryan Smith for the illegal authorization of withdrawals from consumer accounts by their clients. The lawsuit was filed in federal district court in which the CFPB asserts that Intercept ignored […]
A law enacted on April 17 by the state of Washington, that among other things, formally made provision for the inclusion of virtual currency to its money transmitter laws. The new law that will officially go into effect in July this year will include virtual currency within the definition of money transmission. According to the […]
California Assembly Bill 129 will make digital currencies, which include Bitcoin, Dogecoin, and others, legal in the state of California. California Governor Edmund Brown must sign for the bill to pass. An archaic Corporation law called Section 107 barred the usage of forms of money not considered legal US tender. Bill 129 would confirm digital […]
Japanese regulators have reportedly approved draft amendments to the country's financial instruments and payment services laws, introducing stricter regulations for margin trading of digital assets.A report by local news publication Nikkei Asia […]
Invoicing, B2B payments, early-pay discounting and supplier enablement have traditionally operated in siloed environments, creating inefficiencies, added costs, and missed cash-back rewards, but that’s changing.
The post Merging Invoice […]