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Visa is preparing a blockchain-based digital identity system for cross-border payments
Nov 01,2023
Payment service giant Visa is preparing its solution for identification for cross-border payments in collaboration with IBM. The solution is calledB2B Connect, and it will deploy the hyperledger blockchain solution. Hyperledger is a project of open s...
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Britain plans regulations for cryptoassets
Oct 31,2023
Britain has announced plans to introduce its first set of regulations for the cryptocurrency sector, which would require market players to obtain authorization before offering services to its consumers. The rules will focus on crypto assets like bitc...
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The cryptocurrency industry in Japan is granted a self-regulatory status
Oct 24,2023
The Japanese Virtual Currency Exchange Association (JVCEA) has received permission from the Japanese Financial Services Agency (FSA)to police and sanction virtual exchanges for any misconduct or violation. In this way, the JVCEA is permitted to make ...
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Mark Zuckerberg testified before the United States House of Representatives hearing on Libra cryptocurrency
Oct 23,2023
On October 23 Facebook CEO Mark Zuckerberg testified before the US House of Representatives Financial Services Committee on issues around cryptocurrency Libra. In a six hours long hearing Mr Zuckerberg has said multiple times that Libra is intended t...
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ECJ rules that virtual currencies are exempt from VAT
Oct 22,2023
Based on a request of the Supreme Administrative Court of Sweden, the European Court of Justice has ruled that 'the supply of services...which consist of the exchange of traditional currencies for units of the 'bitcoin' virtual currency and vice...
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W3C launched a working group on web payments
Oct 21,2023
The World Wide Web Consortium(W3C) launched the Web Payments Working Group to help streamline the online "check-out" process and make payments easier and more secure on the Web.
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EDPB calls for privacy safeguards in EU's digital euro draft legislation
Oct 18,2023
The European Data Protection Board (EDPB) calls for stronger privacy safeguards in the digital euro legislation proposed by the European Commission. The European Central Bank is set to advance its preparations for a digital euro, though consumers wor...
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ESMA urges preparations for smooth transition to MiCA regulation.
Oct 17,2023
The European Securities and Markets Authority (ESMA), the financial markets regulator and supervisor of the EU, has issued a letter and a statement urging preparations for a seamless transition to the Markets in Crypto-assets Regulation (MiCA). In th...
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Australia reiterates its efforts to regulate crypto industry
Oct 16,2023
The Australian Treasury has initiated efforts to further fine tune regulation around cryptocurrency. It has published a consultation paper titled "Regulating digital asset platforms" to outline its approach. Instead of creating new rules specifically...
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Bermuda to accept cryptocurrency for tax payments
Oct 16,2023
The government of Bermuda has announced that it will be accepting cryptocurrency for taxes, fees and other government service payments. Residents will be able to make payments using the USD Coin (USDC).  Bermuda begun regulating initial coin off...
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Bermuda starts accepting stablecoin 'USDC' for tax payments
Oct 16,2023
Bermuda's government has begun accepting USD Coin (USDC) -a USD-backed stablecoin from Coinbase and Circle for the payment of taxes, fees, and government services. This makes Bermuda one of the first countries to accept stablecoin for taxes and gover...
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A financial giant Fidelity Investments opens up for the cryptocurrencies trading
Oct 15,2023
Fidelity Investments company with 72 years of tradition in trading financial assets, confirmed that they are launching trade execution, and custody service for cryptocurrencies. Fidelity is starting a separate company,Fidelity Digital Asset Services ...
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