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Due to their limited access to international finance, Russian businesses have started transacting in cryptocurrencies with their international partners. Even though these are still relatively small payments, government officials have notice
In order to make social aid payments more transparent, Buenos Aires lawmaker Dario Nieto has proposed a bill that would use blockchain technology to do so. Nieto has expressed dissatisfaction with the various middlemen who profit from these
According to Yuri Chikhanchin, the agency's head, the Russian financial watchdog Rosfinmonitoring is prepared to accept the use of cryptocurrencies in cross-border transactions. The declaration strengthens the argument for legalizing intern
Indonesia-based Bitcoin payment platforms TokoBitcoin and BitBayar have reportedly shut down their operations following the announcement by the country’s central bank, Bank of Indonesia, that it will not accept Bitcoin as a form of payment.
Credit card giant Mastercard is pushing ahead with a set of blockchain payment tools first unveiled last year, opening them up to banks and merchants for wider use. In a press release , the company announced today that it would first be wor
Professional services and consultancy giant Accenture has been appointed by Singapore’s central bank to develop a prototype blockchain solution for interbank payments. Earlier this month, the Monetary Authority of Singapore (MAS) – the coun
Big Blue is making what could be considered its first public foray into cryptocurrency. In the kind of unveiling that can only come before one of the biggest events in global finance, IBM is revealing today at Sibos 2017 the results of a pa
Wall Street banking giant JPMorgan Chase is launching a new interbank payments platform powered by blockchain, the firm announced today. With the participation of two other banks – Australia-based ANZ and the Royal Bank of Canada (Australia
In its early days, discussions around the Blockchain industry bordered mainly around Bitcoin and financial technology (fintech). The debate on Bitcoin as a currency or commodity lingered for some period of time, as did the question of wheth