South Korea Considers Guardrails After Crypto Transfer Error
South Korea’s central bank is weighing whether to bring ‘circuit breaker’ style safeguards from traditional markets into the world of crypto, as regulators grapple with how to contain risks in fast-moving digital asset trading. The discussion is informed in part by how traditional markets manage volatility. In the U.S., the stock market relies on circuit […]
To Fight Fraud, India Proposes a One-Hour Delay on Some P2P Payments
As India’s leading instant payments system scales new heights, it’s also becoming a bigger target for fraud—prompting the Reserve Bank of India (RBI) to consider slowing down transactions in the name of security. The proposed measure includes a one-hour delay for peer-to-peer (P2P) transactions exceeding 10,000 rupees (roughly $100). The delay specifically targets authorized push […]
Instant, Irrevocable Payments Demand a Fraud Prevention Reboot
When a shopper is tricked into making a fraudulent purchase, they expect recourse from their financial services provider. These guardrails are one of the reasons credit cards have become predominant in the U.S.—not only can consumers dispute charges after the fact, but many issuers proactively alert users when suspicious activity occurs. Similar protections exist for […]