In three years, a younger generation of banking customers won’t do business with a traditional fiat bank unless it offers access to crypto. Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that […]
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Nobody who believes in crypto wants it to be a sector beholden to criminality or poor commitment to security. John McAfee’s recent detention in Spain caps off a few weeks where crypto news feeds have been dusted with reports of regulator enforcement actions and bans, arrests, and an exchange hack. Crypto news hasn’t looked like […]
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London-based banking company Cashaa will launch a crypto-friendly neo-bank in India The London-based online banking platform Cashaa is planning to launch a crypto-friendly neobank — or internet bank — in India. Kuman Gaurav, the founder of Cashaa, told Cointelegraph that Cashaa India will allow Indian businesses and individuals to open a savings account with them […]
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Although it’s still impossible to pay with ETH where only BTC is accepted, cryptocurrency interoperability is being explored. Today, paying for purchases in cryptocurrencies no longer seems like something out of the ordinary. Many online stores accept Bitcoin (BTC) and other coins along with traditional currencies, while in some cafes, cryptocurrency holders can even pay […]
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Polkadot reveals details of a new crowdfunding mechanism: the initial parachain offering. Much of the current blockchain ecosystem has been built around traditional concepts. Therefore, it’s not surprising to see crowdfunding mechanisms tailored specifically for blockchain projects that resemble initial public offerings. For example, in 2017, the blockchain space witnessed the rise of initial coin […]
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DBS and Standard Chartered will soon launch a trade finance platform for central banks worldwide. The Singapore-based multinational banking entity DBS and Standard Chartered have completed the proof-of-oncept of their blockchain trade finance platform called the Trade Finance Registry. The two entities developed the PoC in collaboration with 12 other banks on top of the […]
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The ease and convenience of services backed with the emerging techs can dramatically improve the financial landscape in Africa. Africa is the home to 1.2 billion people and what has been described as the world’s largest trade area — the African Continental Free Trade Area. Africa is forging a new path to driving development, and […]
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Regulators and service providers are collaborating as never before to address systemic vulnerabilities of the crypto industry. This year has been a strong one for digital asset markets, highlighted by growing institutional inflows and a propitious shift in the regulatory environment. Witness the U.S. Securities Exchange Commission’s September letter that says crypto exchanges that comply […]
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The former owner of a Russian bank seems to be pivoting to the decentralized space. Russian businessman and self-styled “ex-oligarch” Aleksandr Lebedev is backing a new decentralized finance project that aims to compete across a broad spectrum of financial products. As reported by Russian financial publication RBC, Lebedev is providing the initial funding for a […]
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The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up. One of the Founding Fathers of the United States, Benjamin Franklin, once said: “But in this world, nothing can be said to be certain, except death and taxes.” While this phrase was realized in 1789, the same […]
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