India’s Payments Platform Varja Gets the Blockchain Ball Rolling

Permissioned blockchain platform Vajra developed by National Payment Corporation of India is set to change the local industry. While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent.  After […]

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Japan’s Top Credit Card Issuer JCB to Apply DLT in Its $10T B2B Market

Japan’s biggest credit card issuer JCB partnered with California-based commercial payments platform Paystand for a new B2B product. Japan’s top credit card issuer JCB plans to adopt a new business-to-business (B2B) payment solution based on blockchain technology. JCB has signed a Memorandum of Understanding (MoU) with blockchain-based commercial payments platform Paystand to develop a digital […]

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Bitfinex Now Enables Users to Purchase Crypto With Credit and Debit Card

Cryptocurrency exchange Bitfinex now enables its users to purchase cryptocurrencies with both credit and debit cards. Hong Kong-headquartered cryptocurrency exchange Bitfinex now enables its users to purchase cryptocurrencies with both credit and debit cards. The exchange made the announcement on Dec. 20, saying: “Buy cryptocurrencies with your debit or credit cards on Bitfinex. Whether it’s […]

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Blockchain.com Launches Pound Sterling Payments Gateway for Brexit-Bound Brits

U.K.-based crypto data and wallet provider Blockchain.com has added a British pound gateway to its crypto exchange, The Pit. United Kingdom-based cryptocurrency data and wallet provider Blockchain.com has added a British pound gateway to its crypto exchange, The Pit. On Dec. 19, Xen Baynham-Herd — executive vice president of product at Blockchain — told Cointelegraph […]

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Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan

South Korea’s second-largest city Busan announces it is launching a blockchain-based digital currency in collaboration with telecom giant KT. South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30.  Local news outlet dongA reported on […]

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India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies

Here’s everything you wanted to know about how the Indian government addresses cryptocurrency. The Income Tax Department of India is secretly training its officials to investigate cryptocurrencies. An internal guidebook circulated by the department explains cryptocurrencies, their characteristics, the “dark side of Bitcoin” and the best investigation practices for tax officials. The Indian government doesn’t […]

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Int’l Regulator Basel Committee Calls for Prudent Rules for Crypto

Global banking regulator the Basel Committee on Banking Supervision calls for a conservative framework for crypto assets. Global banking regulator Basel Committee on Banking Supervision (BCBS) calls for a conservative prudential treatment framework for crypto assets. The Basel Committee — which includes banking regulators from the United States, Europe and Japan — published its report […]

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