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Digital currencies store balances using anonymous addresses. This Bank of Canada paper analyzes the cost, safety and convenience trade-offs between aggregating balances versus safeguarding a large number of passwords of many small accounts.tags: Fintech CryptoAssets
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The CEO of NZIA, the tech firm behind the Central Bank of the Bahamas Project Sand Dollar, has said the key to making it a reality is by engaging with local banks, SMEs and entrepreneurs to create new products and solutions around the new digital currency.
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Since February, Vanguard has been using a blockchain product to ingest data for $1.3 trillion worth of funds. Vanguard’s project is live as the back-end platform powering millions of customer accounts.tags: Fintech Blockchain
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PIN numbers and contactless cards have greatly eased the ability of mules to share their crypto-backed debit cards with those they are working for. And that is why crypto cards pose such a risk.
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The legislation amending the Payment Services Act and Financial Instruments and Exchange Act was formally enacted on May 31 and will take effect in April of next year. Among the notable changes, the Act will limit crypto-asset margin trading.