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PayPal is to cough up $7.7m in fines after a US investigation found that it processed hundreds of illegal transactions involving blacklisted countries and individuals linked to terrorism.
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Buried in the Chancellor’s budget breakdown were some compelling references to the future of digital currencies in the UK.
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US-based Global Payments has picked up Irish payment technology company Realex payments in a deal worth €115 million.
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The Barclays Accelerator will support cutting edge encryption technology for cyber security, a new bond marketplace and a Bitcoin company, along with seven other breakthrough startups.
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The Bank of England mishandled the breakdown of its electronic payments system in October, an independent report has said.
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