Dress to impress: Crypto payments set for mainstream via compliance
Regulatory compliance is crucial for firms hoping to drive mainstream crypto adoption no matter which part of the world they operate in. Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such companies to support cryptocurrencies. This year, PayPal secured the first conditional cryptocurrency license from the New York State Department of Financial....
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At this point, everyone would agree that the DeFi industry is not going away anytime soon, quite the contrary. With the rapid expansion of the crypto, NFT, blockchain and metaverse sector, it is only a matter of time before everyone adopts this new burgeoning technology and the world sees it become fully mainstream. Still, with […]
At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot and buzzing, with innovative products launched almost daily. Whilst having an industry swept with technological advancements is good, it is also necessary to ensure that the digital assets and the teams behind them are compliant. Being compliant in this sector means that organizations and investors can....
Crypto payments have become more popular, especially following the bull market run in 2021. There are now millions of merchants worldwide accepting cryptocurrency payments through direct and indirect integrations. Even big corporations have jumped on the bandwagon. Nevertheless, crypto payments still remain in their very early stages. There are still a good number of places […]
Per the all-time mainstream adoptions of crypto, McDonald’s Fast-food chain has started accepting Bitcoin payments in Lugano. A news outlet shared a video of customers paying for their orders with Bitcoin via McDonald’s electronic kiosk. Top players in the crypto industry are advocating the mainstream adoption of crypto for local payments, cross-bother payments, and remittance. […]
As the traditional financial world begins its mainstream adoption of crypto assets, the process of legitimizing digital assets as financial products pose myriad of risks and regulatory challenges. Breaking Down the SEC’s Future Crypto Regulations Today, the U.S. Securities and Exchange Commission (SEC) released an 8-page document that details the framework in which the agency will examine digital asset investments. Demanding regulatory compliance across areas ranging from custody, bookkeeping, registration requirements to conflicts of interest […]