Cryptocurrencies

The finance ministers of the influential G7 group have reiterated their support towards regulating cryptocurrencies.  This was contained in a press release by the United States Department of the Treasury (USDT). The report highlighted the discussions between members of the G7 in the latest meeting of head of financial agencies of member countries. The ministers discussed domestic and international economic policies towards dealing with the Covid-19 crisis that has plagued world finances. Crypto-assets regulations was on the agenda and the…

In a recent announcement, Pundi X has partnered with leading blockchain intelligence solution Merkle Science.  According to the report, Pundi X will integrate Merkle Science solutions to track cryptocurrencies' illicit use. Merkle Science offers transaction monitoring solutions that track and validates individual transactions made on the blockchain. Pundi X intends to enable tracking of funds from the source and flagging potentially illicit accounts. Thus ensuring that only legitimate transactions are performed on its blockchain network. Pundi X is an established…

PayPal is set to allow users to make transactions using cryptocurrencies, according to multiple reports today. According to a press release on Reuters, users will be able to use cryptocurrencies starting in early 2021. PayPal believes that the new service would encourage the global use of virtual currencies. Also, it hopes to prepare its payment network for the new CBDCs that will be issued by central banks globally. US account holders will be the first to experience this new service…

Since its early days, the cryptocurrency market has been looking towards national governments to facilitate global adoption. However, they may have been barking at the wrong tree all along. New state regulations for crypto use and blockchain implementation are necessary. But, their application is tediously slow. Global payment processors like Mastercard and Visa can accelerate the process. Their latest projects show that they are finally ready to embrace cryptocurrency. Why now? Well, that’s what we’re trying to find out today!…

Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most critical regulatory authorities' tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc., have made it necessary. As a result, governments worldwide acknowledge the importance of regulatory oversight for keeping a check on the space. This has received a lot of…