Regulators Discuss Cryptocurrency Legislation Ahead of G20 Summit

Depositphotos 46302587 s 2019 1 e1561052656483 - Regulators Discuss Cryptocurrency Legislation Ahead of G20 Summit

The cryptocurrency regulation debate is expected to be at the center of the upcoming G20 summit where representatives from various countries will evaluate the new legal action course that has been proposed by the International Financial Action Task Force. The FATF is expected to release the proposals for new international standards governing cryptocurrency business on June 21. Blockchain Representatives at G20 Event The summit has the support of legislators and it is expected to have on board Virtual Asset Service Providers (VASP) as well as national blockchain associations. This summit…

Facebook Enters the Crypto Space with Libra Coin

Depositphotos 271323438 xl 2015 1 - Facebook Enters the Crypto Space with Libra Coin

  On Tuesday, Facebook and its partners unveiled its new cryptocurrency dubbed Libra coin that will transform how its over 2.38 billion users perceive the use of crypto to make purchases. Libra to Bring “Unbanked” Individuals to the System The project is offering a stable digital currency that expects to bring more unbanked individuals into the system. The Libra coin will be backed by stable financial assets and managed through a governing body. The coin is expected to make an entrance into the market in the first half of next year.…

GoPayz is a new digital wallet that offers currency exchange, financial services and you can use it with a physical card

GoPayz is a new digital wallet that offers currency exchange, financial services and you can use it with a physical card

U Mobile has given a sneak preview of its new fintech ecosystem which will be rolled out in July 2019. GoPayz is a new kind of digital wallet which boasts wider acceptance worldwide and it aims to make financial services more accessible, affordable and inclusive. GoPayz for Consumers Unlike a typical eWallet that uses QR-code based payments, GoPayz is also accessible via virtual and physical cards. During the media briefing, it was revealed that users are able to request for physical Visa, Mastercard and UnionPay cards which can be used…

Facebook Coin | Platform will Announce Cryptocurrency in June

Facebook Coin min - Facebook Coin | Platform will Announce Cryptocurrency in June

According to CNBC, Facebook will announce its cryptocurrency later in June. Further, those working on the project will be able to take their salary in its new currency—the Facebook coin. Let’s check this out; here’s what we know. Facebook Coin: To Be Announced in Late June Rumors have surfaced for months now about Facebook’s new digital asset; however, nothing was ever truly confirmed. What is known is this: Almost one year ago, Facebook hired former PayPal executive David Marcus to explore blockchain opportunities—blockchain is, of course, the necessary technology to…

How Blockchain Could Solve the Cannabis Industry’s Problems With Banking and Credit Card Processing

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Blockchain could make compliant banking and credit card processing possible for the cannabis industry. Image credit: Andriy Onufriyenko | Getty Images Opinions expressed by Entrepreneur contributors are their own. There are three primary reasons the cannabis industry has so much trouble obtaining routine banking and credit card processing but it is all really the same reason — fear. Card associations, banks and regulatory agencies worry they can not prevent what they fear most. The card associations fear illegal transactions. The banks fear money laundering and fraud. Regulatory agencies fear tax…