Posts Tagged ‘Cryptocurrency’

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Highlights from John Glen’s Keynote Speech at the Innovate Finance Global Summit on Crypto

John Glen, Economic Secretary to the Treasury of the United Kingdom, delivered the keynote speech at the Innovate Finance Global Summit held in London last month. Glen began his speech by stressing the enormous contributions financial services institutions, particularly “fintech unicorns,” have made to the UK; the UK is the leading European fintech hub and […]

NFT Artist

Diving Into Digital Assets: The Business Side of NFTs

It’s 2022, and it seems all the rage in media and digital asset news is surrounding non-fungible tokens (NFTs) and the Metaverse. NFTs have been around since at least 2017 when the OG CyberPunks launched. Yet, 2021 was the defining year that changed everything. It was 2021 when digital artist Mike Winkelmann, aka Beeple, sold […]

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United Kingdom Non-Fungible Token: Coming Soon

While there are many observers and consultants to help U.S. clients monitor cryptocurrency and crypto-tech developments, Perficient is committed to providing current and potential clients news of crypto developments around the world. In early April, during Fintech Week 2022, John Glen, who serves as Economic Secretary to the Treasury for the United Kingdom, addressed the […]

Investors Are Trading Stocks. In The Electronic Market Through Computer By The Internet Via Mobile Phone.

NY Federal Reserve Evaluates Stablecoin Frameworks

Cryptocurrency continues to grow, and Perficient is committed to helping financial services clients continue to understand and navigate this fast-changing part of the economy. Over the last 90 days, we have let clients know about the federal banking regulators planned cryptocurrency road map, explained what steps national banks need to take to begin crypto activities, […]

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Acting Comptroller of the Currency Wants Crypto Regulated

Acting Comptroller of the Currency Michael J. Hsu spoke in late January at the British-American Business Transatlantic Finance Forum Executive Roundtable regarding the regulation of crypto-assets, including stablecoins.  Mr. Hsu began his speech by noting how cryptocurrency has gone “mainstream with consumers,” noting that 16% of American adults claim to have owned, traded, or used […]

The Pros and Cons of a Potential U.S. Central Bank Digital Currency (CBDC)

On January 20, 2022 the Federal Reserve released a discussion paper that examined both the pros and cons of a potential U.S. Central Bank Digital Currency (CBDC). The Federal Reserve invited comments from the public, in particular regarding whether and how a CBDC could improve America’s safe and effective domestic payments system. For the purpose […]

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How Are Leading Financial Institutions Navigating the Cryptocurrency Market? 4 Highlights From 2021

Cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Polkadot, and many more, are taking the investment world by storm. According to CoinGecko, the cryptocurrency market is worth more than $2.35 trillion (as of 01/03/22), and financial institutions, if they haven’t already, are wondering whether they should take a piece of the pie. Although this market […]

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OCC Provides Roadmap for National Banks and Savings Associations To Conduct Crypto Activities

The Office of the Comptroller of the Currency (“OCC”) issued a letter (1179) that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in cryptocurrency, distributed ledger, and stablecoin activities. The OCC had issued multiple Interpretive Letters in 2020 and earlier this year related to […]

Cryptocurrency Assets

Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets. The regulators broadly defined crypto assets as any […]

How to Make Puerto Rico Your New Crypto Home

Is Puerto Rico a haven for crypto-currency? Is Act 20 right for my business? Do I have to move? What are the tax benefits? What does it take to qualify for tax benefits? What is the process? Identifying the steps to becoming a bona fide resident of Puerto Rico as an individual and/or a company is […]

Facecoin is Not the Only Option

Is Facebook getting ready to launch a Facecoin ICO? Probably not. A number of outlets are reporting that Facebook is planning on launching its own cryptocurrency, but that may just be a particularly narrow interpretation of blockchain from the people reporting this story. At this point, we do know there is movement at Facebook related to blockchain and blockchain […]

Recap: Overcoming the Hype to Blockchain Adoption

Yesterday, we held a webinar where we discussed the state of Blockchain and how technology professionals should approach the nascent technology beyond the buzzword. Led by Naveen Sachdeva, Perficient’s solution director and blockchain practice lead, the webinar attracted over 600 attendees. Here were some of the highlights: Defining Blockchain Many including the general public still […]

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