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South Africa is looking at creating its very own cryptocurrency, backed on the rand, with talks underway by the South African Reserve Bank (SARB).
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South Korea’s finance ministry plans to revise an ordinance to allow non-financial firms, such as financial technology firms, to provide mobile payment services overseas.
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One of the PBOC’s fintech research institutes has posted three new job openings for blockchain talent on the Chinese recruitment website Lagou.com.
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The Financial Services Regulatory Authority of Abu Dhabi Global Market enhanced its Guidance for the Regulation of Crypto Asset Activities, including updates on stablecoins, crypto-asset custody, technology governance, and AML/CFT standards compliance.
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The US IRS is working on guidance for “acceptable methods for calculating cost basis, acceptable methods of cost basis assignment, and the tax treatment of forks”.
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More and more people are ditching cash in favor of cards and digital payments, but that doesn’t mean cash it out of the picture, according to a new report from financial tech company Square.
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Consumers routinely supply personal data to technology companies in exchange for services. Yet, the relationship between the utility consumers gain and the data they supply — “return on data” — remains largely unexplored.