financemagnates

Ant Financial Bids to Acquire UK Fintech WorldFirst

Ant Financial, the payments affiliate of Alibaba Group, is in advanced discussions about a takeover of UK fintech firm WorldFirst in a move that would allow the subsidiary of Chinas biggest e-commerce company to tap into a big player in Europes payments sector.

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The Rise of Point of Sale Cryptocurrency Systems

During the past month, amidst the usual bombardment of cryptocurrency and blockchain-related stories, something caught this author’s tired eyes. In the space of two weeks, four articles related to cryptocurrency point of sale (PoS) systems cropped up across the industry’s media outlets. For cryptocurrency fanboys, PoS systems will be old news.

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G20 Country Leaders Call for International Cryptocurrency Taxation

The G20 conference, which is happening at this moment in Buenos Aires, has produced a decision which will be interesting to the cryptocurrency world. The attendant politicians have signed a document which indicates their intention to begin working on a solution to the issue of cryptocurrency tax, and that they will collaborate to this end.

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Tens of Cryptocurrency Representatives Beg Congress for Regulation

A Congressional hearing on the subject of cryptocurrency regulation attracted tens of industry representatives, who all expressed a strong desire for regulation.

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EU Report Says Central Banks Likely Safe From Crypto

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has released a 30-page report on cryptocurrency entitled Virtual currencies and central banks monetary policy: challenges ahead. It concludes that cryptocurrency is unlikely to take the place of fiat currency, even in the long term.

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World’s Fourth Largest Bank Is Testing Its Own Cryptocurrency

Japan’s biggest lender, Mitsubishi UFJ Financial Group (MUFG), is planning a new ‎cryptocurrency called MUFG Coin, which promises to create a borderless shopping ‎experience, according to local news outlet NHK.

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