ConsenSys Reveals Blockchain Future at Dubai Government Summit

ConsenSys Reveals Blockchain Future at Dubai Government Summit The Ethereum development startup ConsenSys has released a new white paper for its projects in Dubai at the city’s World Government Summit. The paper, titled “Blockchain, Hyperconnectivity and the City of the Future,” details new plans for innovation focusing on smart cities and the Internet of Things.…

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China: Traders Turn To LocalBitcoins As Exchanges Stop Withdrawals

China: Traders Turn To LocalBitcoins As Exchanges Stop Withdrawals Chinese Bitcoin traders have inundated LocalBitcoins to convert their Yuan after major Chinese exchanges halted withdrawals last week. Following warnings about adhering to strict AML/KYC regulations by the People’s Bank of China, exchanges such as BTCC, Huobi and Okcoin stopped letting customers withdraw Bitcoin. “From now…

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Asia’s Fintech Race: Trends, Regulations, Lessons For The West

Asia’s Fintech Race: Trends, Regulations, Lessons For The West Asian fintech companies continue their growth and overseas expansion. The Chinese fintech firm Ant Financials’ payment arm Alipay has recently started partnering with Finnish mobile payment provider ePassi to launch mobile payments for shopping and services on Finnair’s flights, therefore, marking a significant milestone in the…

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The Philippines Officially Legitimize Bitcoin as Payment Method

The Philippines Officially Legitimize Bitcoin as Payment Method Bankgko Sentral ng Pilipinas, hereinafter BSP, is officially regulating local Philippine Bitcoin exchanges as remittance companies and recognizing Bitcoin as a legitimate payment method. Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for…

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