WhatsApp will launch an in-app payment service later this year, with the service to initially be rolled out in India. A pilot trial of the payments service that is conducted on UPI standards is already underway.
ICE-backed Bakkt is apparently gearing up to announce a Q3 launch date. It is still waiting on approval from the NY DFS to operate Bakkt Warehouse, the custodian for the bitcoin that underpins its physically delivered futures. However, some are arguing that Bakkt’s guaranty fund will be too small, which Bakkt itself seems to acknowledge with plans to increase the guaranty fund over time, after the launch.
Monex Group, the Japan-based online brokerage firm that also owns cryptocurrency exchange Coincheck, has submitted an application to join Facebook’s Libra project.
The New York Department of Financial Services (NYDFS) has granted virtual currency licenses to two subsidiaries of aspiring crypto derivatives provider Seed CX.
According to the survey, over one-third of Americans are interested in buying into bitcoin, but issues such as hacks and lack of regulation are keeping cryptocurrencies from reaching a broader audience. 75% of all investors and 65% of those interested in investing in bitcoin say crime is their paramount fear.
The purpose of this paper is to identify and examine the existing regulations in Nigeria’s FinTech industry and to canvass for a cohesive and comprehensive legislation for Fintech in Nigeria.
Posted from Diigo
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Published by kiffmeister
The Kiffmeister is a former Senior Financial Sector Expert at the International Monetary Fund.
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