/cryptocurrency

News and resources on digital currencies, crypto assets and crypto exchanges worldwide.

Bazil Sansom

Stablecoin: How will it impact the UK payments regime?

Bazil Sansom - Research Fellow, Warwick Business School
Discussion
UK payments group urges incoming Government to make Big Tech refund fraud victims
Ketharaman Swaminathan

Ketharaman Swaminathan

  As I pointed out in Why Don’t UPI / Zelle Provide Fraud Protection?, credit card had tons of friendly fraud, merchants complained, A2A RTP was introduced as a more merchant-friendly alternative method of payment. It's funny how people forget that and don't realize that, if A2A RTP provided the same level of fraud protection / potential for abuse as credit card, it will become as merchant-unfriendly as credit card as suffer from lack of merchant adoption.
UK payments group urges incoming Government to make Big Tech refund fraud victims
Anthony Walton

Anthony Walton

  I think "friendly" fraud is a big unaddressed problem here.  Whereby two people collude , money is sent, the sended complains and gets "automatically" compensated and the two parties split the money.  The bar for what a genuine fraud is will be incredibly high.
Lloyds warns over surge in crypto scams
A Finextra Member

A Finextra member

  I need an advice. I am currently processing a crypto recovery,with an agency called,Easyreclaimer@gmailcom and we did some transaction validation. Out of 200k USD which was lost they where able to recover 90% of my lost, and I have only received only 60k USD and its been four days already since we started. I am a bit worried, i will like to know if they took the remaining of my money or if it is actually impossible to recover entirely everything i lost
UK payments group urges incoming Government to make Big Tech refund fraud victims
Ketharaman Swaminathan

Ketharaman Swaminathan

  I predicted that the draconian APP Scam Compensation rule holding banks unilaterally liable was a populist measure in an election year and would go away after the elections. It happened even before that, thanks to change of PSR Chief, which was an unexpected windfall for banks.   I also pointed out in my blog post blog post Fraud v Scam: Who Is Liable For Cybercrime that APP involves a number of parties like BigTech, Telco, Utility, etc. and advocated that banks should move to hold those parties responsible for compensation. Nice to see that happening now. 
Madhvi Mavadiya

Is Europe ready for MiCA?

Madhvi Mavadiya - Finextra Research