Atomic swaps involve the direct exchange of cryptocurrencies between distinct blockchain networks in a peer-to-peer (P2P) manner, without the need for an intermediary such as a cryptocurrency exchange.
Stellar Path payments are a feature within the Stellar blockchain platform that allows users to send a payment from one asset to another through a specified sequence of intermediate assets.
The Financial Crimes Enforcement Network (FinCEN) in the United States imposes specific reporting requirements on money service businesses (MSBs) that engage in transactions involving cryptocurrency. These requirements were developed to prevent money laundering, terrorist financing, and other illicit activities. There are two primary reporting functions. Currency Transaction Reports A Currency Transaction Report (CTR) is a … Read more
Isle of Man gaming license holders enjoy the highest degree of versatility, enabling them to engage in both business-to-customer (B2C) and business-to-business (B2B) activities.
Not unlike the United States, Canada offers a similar federal-level money service business registration through FINTRAC. Also like the US, the federal definition of “money transmitter” is expansive and covers a range of activities
In Switzerland, a financial intermediary refers to either a legal entity or an individual who, for a fee, takes on the responsibility of overseeing or managing assets belonging to third parties.
The SWIFT messaging system, commonly known as SWIFT, is a global messaging network used by financial institutions to securely transmit information and instructions relating to financial transactions.
A payment facilitator, also known as a PayFac, is a type of service provider that enables businesses to accept electronic payments, including credit card transactions, on behalf of sub-merchants.
UnionPay is a Chinese financial services corporation that operates a global payment network called UnionPay Network. It was established in 2002 and is now one of the world’s largest payment card issuers, competing with international networks like Visa and Mastercard.