WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to store payment data locally in India. Reuters, citing a statement from WhatsApp, reported the company confirmed it built the system in response to India’s payment data guidelines. India has required companies to store […]
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IBM and Azerbaijan’s central bank will reportedly cooperate on implementing blockchain as part of a five-year program for the digital transformation of the economy. IBM and the Central Bank of Azerbaijan (CBA) will reportedly collaborate on implementing blockchain technology in the country’s economy, Central Asian-focused Trend News Agency reports October 9. Trend News Agency is […]
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More governments are tracking crypto, but ways to stay anonymous remain. Much noise has been made about the untraceable qualities of Bitcoin and other cryptocurrencies. Bitcoin “can be used to buy merchandise anonymously” said early primers on crypto, it offers users the kind of financial privacy that was previously available only from a “Swiss bank […]
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Lithuanian regulators are focusing on ICOs and cryptocurrency trading in new investigations and potential policy reforms. Lithuanian authorities held a seminar examining the “threats and potential benefits” of Initial Coin Offerings (ICO) to the country’s economy, a press release reported Wednesday, October 3, amid an ongoing investigation into cryptocurrency trading habits. The Financial Crime Investigation […]
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Chilean MPs urge country’s parliament to adopt blockchain for public needs and conduct studies on its advantages. Two Chilean deputies have presented a resolution on blockchain adoption to the lower house of the country’s parliament (Camara de Diputados) on Thursday, October 4, local news website Fortin Mapocho reported. The proposed blockchain resolution project was first […]
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Even as consumers conduct commerce and pay with taps and swipes, the Federal Reserve’s infrastructure underpinning payments could use a bit of modernization in a bid to support fast payments “for all,” Federal Reserve Governor Lael Brainard said in remarks made Wednesday (Oct. 3). To that end, the Federal Reserve is seeking public comment on […]
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A new report from cybersecurity experts at FireEye claims a North Korea-led cyber campaign has swindled banks of hundreds of millions of dollars since 2014, and continues to operate as an “active and dangerous” entity. Analysts estimate the group has attempted to steal more than $1.1 billion. According to Wednesday (Oct. 3) reports in the […]
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Russia’s government has continuously gone back and forth on crypto regulation, with final legislation tentatively set to be finalized this fall. Russia has been trying to pass cryptocurrency legislation since the beginning of January 2018, with no success as of yet. The government’s main bill, “On Digital Technologies,” which was expected to be passed by […]
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A survey of investment behavior of the Chinese middle class has found that less than 10 percent of respondents invest in cryptocurrency. Less than 10 percent of the Chinese middle class are investing in cryptocurrencies after the government ban, according to a recent study cited by Technode Thursday, September 26. The report called “2018 White […]
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A Mongolian telecoms company will issue its own digital currency after getting formal approval from the central bank. Mongolia’s largest mobile telecoms operator has become the country’s first licensed entity to issue its own digital currency. This is according to a report by the official state media outlet Montsame Friday, September 28. Mobicom’s financial arm […]
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