High remittance fees charged by the existing fintech ‘challenger’ platforms are some of the issues that prompted Atlantic Money to launch its money transfer service. The platform promises to facilitate cheaper and more efficient remittances. (Read More)

According to a report by Reuters on Monday, President Joe Biden is planning to concern an government order on cryptocurrency coverage this week, citing a supply conversant in the scenario. The article claims, the order, which might intention to nominate an individual with regulatory authority to supervise the crypto market, might come as early as […]

The post Biden Plans To Sign Executive Order on Crypto Sometime THIS WEEK… | Live Breaking Cryptocurrency News | Global Crypto Press appeared first on Bitcoin Upload.

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Lawmakers and regulators on both sides of the Atlantic discuss how to enforce financial sanctions against Russia in the age of decentralized currencies. Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain. U.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets. https://t.co/4lCUNcUC29 […]

The post Sanctions Against Russia Prompt New Crypto Regulations In US And EU appeared first on CryptoCoin.News.

A top official from The People’s Bank of China (PBOC) has provided an update on the latest trial of the Chinese central bank digital currency (CBDC) during a webinar arranged by the Atlantic Council Tuesday. The digital yuan, or e-CNY, is currently being tested at the Beijing Winter Olympics, Reuters reported.   Two million yuan […]

The People’s Bank of China (PBOC), the Chinese central bank, has revealed how its central bank digital currency (CBDC) is being used at the Beijing Winter Olympics. A top PBOC official says, “It seems all the foreign users are using hardware wallets.” Digital Yuan’s Latest Trial A top official from the Chinese central bank, the […]

In recent years, esports have become more and more popular as the younger generations champion such play. With esports now being broadcast live...

The Spanish financial services firm, BBVA announced today that the company has reached an agreement to invest approximately 263 million euros ($300 million) in the Brazilian digital bank, Neon.

The most interesting reads, podcasts, charts, and opinions from the internet this weekend -- curated for you by the Protos newsroom.

The post The Weekend Shift: Jeans, Medals, Timepieces appeared first on Protos.

The Central Bank of Kenya (CBK) has released its discussion paper on the possibility of a central bank digital currency (CBDC) and is now awaiting feedback from the public regarding the potential benefits and risks associated with it along with the regulatory concerns. Those willing to participate have until May 20, 2022, to submit their comments. In a discussion paper examining the potential use of a digital currency, the central bank said that CDBC solutions could flatten the multi-layered correspondent banking structure and shorten the payment chains. “This discussion paper is part of CBK’s initiatives to ensure informed policy review regarding financial sector innovations. CBK invites the public, industry and stakeholders to review this discussion paper on CBDC and provide feedback and ideas to be considered when assessing the use case for CBDC in Kenya,” it said. According to the financial institution, a CBDC could potentially shield the public from the risk of new forms of private money by providing safer and more trustworthy payment services in comparison to the new forms of money such as stablecoins. Overall, CBDC also presents an opportunity for cyberattacks and other security threats, including data privacy issues. Nigeria became the first country in Africa to launch its central bank digital currency (CBDC), in October last year while Ghana is at the advanced stage of launching its digital currency. Similarly, Zambia is also carrying out research on CBDCs. Currently, Kenya ranks 5th in the 2021 Global Crypto Adoption Index, according to blockchain analysis firm Chainalysis. As of June 2019, 91 countries are currently involved in sovereign digital currency research with just 14 advancing to the pilot stage, according to the Atlantic Council . Overall nine countries have already implemented a CBDC.

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BEIJING–(BUSINESS WIRE)–HARMAY, the new retail beauty brand, has concluded its Series C and D rounds of financing, raising a combined $200 million. The Series C was led by General Atlantic and the Series D by QY Capital, with Eastern Bell Capital, N5 Capital, Ocean Link, Hillhouse Venture, and BA Capital among the co-investors; Rothschild & […]

The post HARMAY Raises $200 Million in Series C and D Funding appeared first on Fintech News.

In Ukraine, activists use Bitcoin to develop weaponry, fund cyberattacks, and create facial recognition apps to spot Russian "war criminals."

The post Weaponry and cyberwar: How Bitcoin funds anti-Russia efforts in Ukraine appeared first on Protos.