CoinTelegraph

Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

A peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a technical reconstruction. Those formerly disbarred due to a lack of capital found refuge in this revolution.

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1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

Cielo, the largest credit card processing company in Brazil, recently announced support for cryptocurrency payments on its point-of-sale devices.

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Chilean Treasury Launches Blockchain Platform to Process Public Payments

Chilean Treasury Launches Blockchain Platform to Process Public Payments

The Chilean General Treasury of the Republic (TGR), which oversees tax collection in the country, has launched a blockchain platform to process payments, according to a press release published Dec. 19.

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Irish Gov’t Approves Anti-Money Laundering Bill Affecting Cryptocurrency

Irish Gov’t Approves Anti-Money Laundering Bill Affecting Cryptocurrency

The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3.

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Australians Can Use Crypto Debit Card at 30,000 ATMs and Up to 1 Million Payment Terminals

Australians Can Use Crypto Debit Card at 30,000 ATMs and Up to 1 Million Payment Terminals

Finding easy ways to spend cryptocurrency can be nothing short of a nightmare – and even when you discover a platform where your digital assets can be used for purchasing everyday goods and services, you’re normally faced with delays and high transaction fees.

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Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain

Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain

Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria ( BBVA), has closed a 150 million loan using blockchain technology with Porsche Holding, the largest car distributor in Europe. The news was reported by financial news site Finextra Dec. 14.

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South Korean National Assembly Holds Regulation Debate With Local Crypto Exchanges

South Korean National Assembly Holds Regulation Debate With Local Crypto Exchanges

South Korea’s representative body, the National Assembly, has held a crypto regulation debate arranged by major local cryptocurrency exchanges, IT media oulet ZdNet Korea reports Monday, Dec. 10.

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New York Financial Regulators Approve Blockchain Payments System

New York Financial Regulators Approve Blockchain Payments System

The Department of Financial Services of New York ( NYDFS) has authorized a blockchain-based digital platform offered by a local bank, an official NYDFS press release states Dec. 4. NYDFS superintendent Maria T.

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South Korean National Assembly Holds Regulation Debate With Local Crypto Exchanges

South Korean National Assembly Holds Regulation Debate With Local Crypto Exchanges

South Korea’s representative body, the National Assembly, has held a crypto regulation debate arranged by major local cryptocurrency exchanges, IT media oulet ZdNet Korea reports Monday, Dec. 10.

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UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

The United Arab Emirates’ ( UAE) central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency accepted in cross-border transactions between the two countries. English-language Dubai-based media outlet GulfNews reported on this collaboration on Dec. 12.

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Swiss Fintech License Allows Blockchain, Crypto Firms to Accept $100 Mln in Public Funds

Swiss Fintech License Allows Blockchain, Crypto Firms to Accept $100 Mln in Public Funds

The Swiss Financial Market Supervisory Authority (FINMA) has released guidelines for their new FinTech license, according to a FINMA official press release released Dec.

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Seven EU States Sign Declaration to Promote Blockchain Use

Seven EU States Sign Declaration to Promote Blockchain Use

Seven southern European Union member states have released a declaration calling for help in the promotion of Distributed Ledger Technology’s (DLT) use in the region, the Financial Times ( FT) reports.

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