Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements. Cryptocurrency firms in Singapore can now draw upon detailed guidance for their license applications to offer regulated services in the city-state. On Aug. 13, the Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS), rolled out its new Code of […]
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The Bank of England is keeping central bank digital currency research high on its 2020 agenda. The Bank of England will take part in a key meeting tomorrow to discuss central bank digital currencies (CBDCs) and their possible infrastructural designs. Hosted by global central banking think tank, the Official Monetary and Financial Institutions Forum (OMFIF), […]
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Why do enterprise blockchain implementations fail, and what can enterprises do to increase their chances of success? In the enterprise realm, blockchain has moved from an experimental toy to a top-five strategic priority. As a technology that can improve security and coordination both within and between enterprises, it is now seen as an important path […]
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Could blockchain fight against state-sponsored censorship in a post-coronavirus era? As people continue to rethink topics like technology development, economic measures and freedom of speech because of the COVID-19 pandemic, blockchain has now emerged as a solution for many issues. Iva Wisher, co-founder of Ignite, a decentralized microblogging platform, said blockchain may also be a […]
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Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches. Blockchain firm Apollo Fintech has announced the completion of its National Payment Platform, or NPP on August 12. This new blockchain platform is a cashless system that supposedly enables a central bank to issue central bank digital currency for national […]
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The Cyprus Securities and Exchange Commission blacklists another batch of allegedly illegal firms offering crypto and FX trading. Cyprus, a major international business center and tax haven, is warning investors against several suspicious websites offering foreign exchange and digital currency investment. The Cyprus Securities and Exchange Commission issued a warning against seven firms that have […]
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Facebook is determined not to take “no” for an answer when it comes to FinTech. Facebook Inc. has launched a new subsidiary group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division. The subsidiary, called Facebook Financial or “F2” will run its payments projects, including a planned Facebook […]
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Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator. Satoshi Nakamoto years ago envisioned an ecosystem that would be independent of the centralized financial system that dominates the global economy today. His creation sparked a global community of enthusiasts and an entire industry […]
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It is high time for traditional financial institutions to see that the crypto industry has matured enough and does not possess high risks. Crypto cards have become a must-have for many crypto services. Hoping to reduce the risk of blocking transactions, companies have been looking again and again for reason why their customers should use […]
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Compliance with FATF’s travel rule presents major technical difficulties, but the blockchain industry is best-equipped to overcome them. In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs — the term […]
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