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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
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UK govt plans money laundering rules for digital currency exchanges

UK govt plans money laundering rules for digital currency exchanges | Payments 2.0 | Scoop.it
Finextra: The UK government has set out its approach to digital currencies, vowing to start applying anti-money laundering regulation to exchanges but also promising to put cash behind research into the potential of blockchain technology.
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Every Important Person In Bitcoin Just Got Subpoenaed By New York's Financial Regulator

Every Important Person In Bitcoin Just Got Subpoenaed By New York's Financial Regulator | Payments 2.0 | Scoop.it
Declaring Bitcoin 'a virtual Wild West for narcotraffickers and other criminals,' the New York State Department of Financial Services is stepping into the sheriff's boots.
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Germany recognizes Bitcoin as ‘private money’

Germany recognizes Bitcoin as ‘private money’ | Payments 2.0 | Scoop.it
Bitcoin has been recognized for legal and tax purposes in Germany, making it the first country to take an official stance on the status of using the online currency as money.
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Virtual currency industry preps self-regulatory organisation

Virtual currency industry preps self-regulatory organisation | Payments 2.0 | Scoop.it
With virtual currencies such as bitcoin catching the eye of governments, several firms in the field have banded together in a bid to create a self-regulatory organisation covering the nascent industry.
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Bitcoin exchanges to be regulated as Money Services Businesses in the US

Bitcoin exchanges to be regulated as Money Services Businesses in the US | Payments 2.0 | Scoop.it
The US government has moved to clarify its regulatory stance on virtual currencies such as bitcoin, confirming that while users are not classified as money services businesses (MSBs) subject to its rules, exchanges and administrators are.
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Was to be expected as they trade hard currencies

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EU Commission to probe European Payments Council on preventing non-banks to enter payments

EU Commission to probe European Payments Council on preventing non-banks to enter payments | Payments 2.0 | Scoop.it
The European Commission has dropped an anti-trust probe into the activities of the bank-backed standards-setting body the European Payments Council.
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EU Regulators Set to Approve UK Mobile-Payments Venture - Wall Street Journal (India)

European Union regulators are poised to approve plans by the U.K.'s three biggest mobile operators Vodafone, Telefonica's O2 and Everything Everywhere to create a mobile-payment joint venture ...

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US NRF urges FTC to move cautiously on regulating mobile payments

US NRF urges FTC to move cautiously on regulating mobile payments | Payments 2.0 | Scoop.it
The National Retail Foundation will participate today in an FTC workshop on mobile payments regulation

http://www.ftc.gov/bcp/workshops/mobilepayments/
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Payment Trends: Congress Zeroes in on Mobile Payments, but ...

[In the US].. both House and Senate banking committees have conducted hearings in the last two weeks on the issue. [of mobile banking and mobile payments]...Mobile payment security was another popular theme expressed at both hearings. On this issue, perception may be a greater force working against mobile payment acceptance than reality.."

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UK Payment Council to facilitate Money transfers by mobile phone - FT.com

"After months of discussions with the industry , it [the UK Payment Council] is expected to announce in February detailed plans for a database that would link bank customers’ mobile phone numbers to their accounts"

 

The Payments Council is a voluntary membership organisation of banks and payment system providers that was set up in March 2007 to ensure that UK payment systems and services meet the need of payment service providers, users and the wider economy. http://www.paymentscouncil.org.uk/

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Inside the Bitcoin advocates’ closed-door meeting with federal regulators

Inside the Bitcoin advocates’ closed-door meeting with federal regulators | Payments 2.0 | Scoop.it
Bitcoin Foundation representatives faced a skeptical — if open-minded — audience.
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US govt seized $2.9m from MT. Gox's Dwolla account

US govt seized $2.9m from MT. Gox's Dwolla account | Payments 2.0 | Scoop.it
The Dwolla account holding funds belonging to bitcoin exchange MT. Gox that was seized by the US government earlier this year held more than $2.9 million, newly filed court documents show.
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New York's top banking regulator issues subpoenas to roughly two dozen companies tied to Bitcoin

New York's top banking regulator issues subpoenas to roughly two dozen companies tied to Bitcoin | Payments 2.0 | Scoop.it

New York's top banking regulator has issued subpoenas to roughly two dozen companies tied to Bitcoin as part of a wide-ranging inquiry into the business practices of the fledgling virtual-currency industry.

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Thailand has outlawed bitcoin

Thailand has outlawed bitcoin | Payments 2.0 | Scoop.it
The Bank of Thailand has effectively outlawed bitcoin by declaring it illegal to buy and sell the virtual currency or use it to make purchases, claims a local exchange.
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Illinois Tells Square To Stop Taking Payments

Illinois Tells Square To Stop Taking Payments | Payments 2.0 | Scoop.it
A complicated dance with regulators.
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More details on TNW:

http://thenextweb.com/insider/2013/03/01/square-receives-cease-and-desist-from-illinois-regulators/?utm_medium=referral&utm_source=pulsenews

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Everything Everywhere, Telefonica and Vodafone win EU approval for joint UK mobile commerce platform

Everything Everywhere, Telefonica and Vodafone win EU approval for joint UK mobile commerce platform | Payments 2.0 | Scoop.it

Mobile operators Everything Everywhere, Telefonica and Vodafone, have won approval from the European Commission to move ahead with a planned mobile commerce joint venture in the UK.

News ...


Via smartfinserv
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EU names and shames national authorities lagging on e-money rule changes

EU names and shames national authorities lagging on e-money rule changes | Payments 2.0 | Scoop.it
Six EU member states - Belgium, Spain, France, Cyprus, Poland and Portugal - have been threatened with legal action by the European Commission unless ...
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Poll Results: Would Legislation Help the Emerging Mobile Payments Industry? - American Banker Article

Poll Results: Would Legislation Help the Emerging Mobile Payments Industry? - American Banker Article | Payments 2.0 | Scoop.it

May be...

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LinkedIn group on EC E-finance regulations: EC pushes for integrating card, net and m-payments

LinkedIn group on EC E-finance regulations: EC pushes for integrating card, net and m-payments | Payments 2.0 | Scoop.it

"The European Commission (EC) published on 11 January its long-awaited Green Paper on how the European Union (EU) should overcome difficulties in creating an integrated market for card, internet and mobile payments."

 

UK Journalist Michiel Willems started this LinkedIn group on E-finance Law & Policy

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