cryptocurrency

Nov
24

Sweden’s Central Bank lays out its plans for its digital currency

Stefan Ingves, the Governor of Sweden’s central bank, Sveriges Riksbank, has laid out his six-step plan for the introduction of is central bank digital currency. Part one of the plans is that both large value and retail payments must be settled in the central bank digital currency anywhere around the world, at any time, all year round. […]

By Reposted by International FinTech | Banking . Currency . FinTech
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Oct
28

Tron partners with Fintech firm Simplex

Tron, the blockchain-based decentralized platform, has announced a new partnership with the provider of fraudless crypto payment firm Simplex. The announcement on Tron was made on twitter. Simplex acknowledged that it will enable TRX’s purchase with credit cards on its platform. Simplex is a fintech firm that acts as a credit card processor in the […]

By Reposted by International FinTech | FinTech . Payments
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Oct
28

China passes cryptography law as it gears up for digital currency

China’s largely rubber stamp parliament has passed a new law on cryptography as the country gears up to launch its own digital currency, state media reported at the weekend. China’s central bank set up a research team in 2014 to explore launching its own digital currency to cut the costs of circulating traditional paper money […]

By Reposted by International FinTech | Currency . FinTech
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Oct
22

Fidelity fully rolls out cryptocurrency custody services

Fidelity, the Boston-based financial services firm with $2.8 trillion USD under management, is fully rolling out its cryptocurrency custody service after launching in fall 2018 and adding some clients in a limited capacity at the beginning of 2019. Abigail Johnson, CEO of Fidelity, highlighted that this move makes a difference for everyday non-technical customers that […]

By Reposted by International FinTech | Currency . FinTech . Investing
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Oct
21

China’s cryptocurrency plan has a powerful partner: Big Brother

When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age. What the company probably didn’t imagine was that its efforts might spur China to get there first. China wants to start replacing the cash that people carry with a digital currency soon, […]

By Reposted by International FinTech | Currency . FinTech
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Oct
21

Japan’s Cryptocurrency Business Association releases new guidance

The Japan Cryptocurrency Business Association (JCBA), an organization that fosters the responsible development of the crypto asset industry in Japan, has released new guidance on the regulation of crypto asset management. The guidance is the result of a consultation process with crypto exchanges, custodians and other parties and takes their viewpoints into account. The guidance […]

By Reposted by International FinTech | Currency . FinTech
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Feb
22

Venezuela launches its own cryptocurrency to escape hyperinflation

President Nicolas Maduro says Venezuela has received $US735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency, aimed at pulling the country out of an economic tailspin. Maduro is hoping the petro will allow the ailing OPEC member to skirt US sanctions as the bolivar currency plunges to record lows and […]

By Reposted by International FinTech | Blockchain . Currency . FinTech
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Feb
15

Put people first to get fintech right in Asia

As the Year of the Rooster gives way to the Year of the Dog, fintech remains very much in the news and on investors’ minds. From blockchain to bitcoin, ethereum and other cryptocurrencies, and initial coin offerings that allocate “tokens” as a new means of crowdfunding capital, the language and disruptions buffeting the mainstream banking […]

By Reposted by International FinTech | Bitcoin . FinTech . Payments
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