PayPal has reached a $7.7 million settlement with the U.S. Treasury for ignoring U.S. sanctions and allowing money transfers to accounts linked to Iran, Cuba, terrorism and weapons of mass destruction.
Businesses that permit Bitcoin transactions may soon have a way to protect themselves from drops in the digital currency's value.
Bitcoin's wild volatility, and its ability to facilitate crimes such as money laundering, make it dangerous to Americans and it must be banned, U.S. Senator Joe Manchin said Wednesday.
A six-month deadline extension could be enough to keep Germany's electronics payment system running, new German Central Bank figures on SEPA payment adoption showed Monday.
Many electronic payments will fail in Europe next month, unless the deadline for switching to the new SEPA payment system is extended, the European Commission warned Thursday.