China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher.
Read MoreShare Facebook’s drive to create its own worldwide cryptocurrency might have hit a brick wall. The company said that Libra’s planned 2020 launch might be delayed – or it might not ever happen at all.
Read MoreIf you wanted to make a lot of money, quickly, you could not have done much better than to have bought bitcoin in September, 2017. At the time, the cryptocurrency was trading at just under four thousand dollars; three months later, it topped out at more than nineteen thousand dollars.
Read MoreChina appears to have a lot of the advantages to pull off a move similar to Facebook Libra, but there are plenty of factors working against it.
Read More(MENAFN – FxPro) Facebook has made headlines of late with its plans to create a cryptocurrency. The social media company has been forced to defend the project on Capitol Hill, amid regulatory concerns around data privacy and potential illegal usage, while the G-7 has warned it poses ‘serious’ legal risks.
Read MoreCryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money. The new digital currency will be overseen by a nonprofit association and backed with real assets to serve as a reliable, stable form of globally accepted money that lives essentially on smartphones.
Read MoreSamsung Pay accounts for nearly 80 percent of the market payments in South Korea. Cryptocurrency integration is considered to be an essential strategy for Samsung to expand on its user base. A significant percentage of the South Korean population is keen on cryptocurrencies.
Read MoreMove over bitcoin. According to the Guardian Newspaper (UK): Facebook is planning to launch its own cryptocurrency in early 2020, allowing users to make digital payments in a dozen countries. Payments is one of the areas where we have an opportunity to make it a lot easier, Zuckerberg told the company’s developer conference last month.
Read MorePakistan is putting in place regulations for the cryptocurrency industry. The Express Tribune, citing finance ministrysources, Monday that the nations federal government has decided to bring in Electronic Money Institutions (EMIs) regulationsfollowing recommendations from the Financial Action Task Force (FATF).
Read MoreMonetary Authority of Singapore seeks to introduce regulation for cryptocurrency exchange services The Monetary Authority of Singapore (MAS) is seeking to introduce a regulatory framework for cryptocurrency exchange services.
Read MoreSouth Africans continue to use cryptocurrencies and getting benefits of digital currency, but proposed regulations aim to introduce tougher regulations for crypto assets. The South African Reserve Bank (SARB) has published a Consultation Paper on Policy Proposals for Crypto Assets in the country.
Read MoreKALIBO, Aklan – A young Filipina entrepreneur is stirring waves abroad in impactful causes that help increase the awareness and adoption of cryptocurrencies and help impact many people’s lives. Jonha Revesencio Richman revealed on social media that she recently joined the Tour de Crypto as their advisor.
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