Month: January 2020

Deutsche Bank Report: Digital Yuan Could Upset Global Power Balance, Plastic Will Die, Cash Survive

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A new report from Deutsche Bank Research, Digital Currencies: the Ultimate Hard Power Tool, predicts that cash payments will remain for decades, but the emergence of digital payments “will lead to the death of the plastic card.” The report, which is the third installment in a series on payments by the group, points to economies … Read more

Dubai Seeks to Create its own Crypto Valley fro Blockchain Development

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Various countries are looking to embrace cryptocurrencies. Dubai is one of those regions, although it appears the focus will shift to blockchain first and foremost. It is not the first time a country creates its own ‘Crypto Valley“. A new Crypto Valley in Dubai This concept has been popularized by Switzerland, in the Zug region.  … Read more

Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force

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The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators are obliged to meet anti-money laundering and counter-terrorism financing regulations. Also read: Uzbekistan Prepares Crypto … Read more

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