Chinese, International Telcos Explore ‘Blockchain + 5G’ Paradigm

Telecoms companies are increasingly looking to combine 5G and blockchain operations – particularly those based in China, per a new report that suggests blockchain development is as now as important to telecoms firms as next-generation mobile networks. Media outlet Communication Information News, via East Money, claims that some 23 telecoms companies based in 12 countries all over the world have been exploring ways to integrate blockchain technology advances since 2016. But now, it claims, some firms are looking to go a step further by looking for ways to combine blockchain with forthcoming…

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Indian Crypto Exchanges Seek Clarity on Legal Status and Taxability from the Reserve Bank of India

Crypto exchanges in India are still seeking regulatory clarity and tax status from the Reserve Bank of India following a Supreme Court ruling in favor of the crypto industry earlier this year. India’s Supreme Court reversed the ban placed by the central bank on financial institutions offering crypto-related banking services. It is two months after lifting the ban, crypto exchanges and firms are now seeking clarification regarding the nature of their operations. The call for clarity Several crypto exchanges in India today have written to the Reserve Bank of India (RBI) to…

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HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash

The Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many…

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LEVELG.NET: The Future of Unbanked and Under-banked Young Adults.

LEVELG is a full-fledged entity with a mission to facilitate and accelerate the financial climate of the unbanked and under-banked communities. Our project consists of more than one services offered, but as stated earlier, we will be expanding upon the next phase of our project which is the GWallet. A wallet about cryptocurrency is a virtual means of storing digital currency. It is similar to a physical wallet in some cases but has some differences which is majorly the fact that it is virtual and as such is not a…

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Canada updates debit rules to enable public transit payments

Payments Canada is bringing in a rule designed to enable broader point-of-sale debit card acceptance, paving the way for people to use their plastic for, among other things, public transit fares.Current debit acceptance rules require merchants to have consistent online connectivity to accept payments, making the method impractical for some high-volume, time-sensitive transactions, such as paying bus fares. The new Rule E5 is designed to address this, offering flexibility through delayed authorisation, which removes the requirement for immediate online connectivity. This means a merchant can opt to provide a service…

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Boerse Stuttgart crypto trading app attracts 81,000 active users in first year

Uncomplicated and secure trading in cryptocurrencies on the smartphone: this is possible with BISON, Boerse Stuttgart Group’s crypto app.One year since its launch, BISON now has around 81,000 active users. “We are very satisfied with the level of take-up for BISON. Our approach has been to make trading in cryptocurrencies as simple as possible, and the response has been excellent. Over the past twelve months, we have received a great deal of valuable feedback from users that we incorporate into the further development of BISON,” said Dr Ulli Spankowski, CEO…

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