On November 8, 2021, Mastercard made an important announcement regarding their payment systems in the Asia-Pacific region. Because of the company’s partnerships with Amber Group, Coinjar, and Bitkub, anyone in the region will now be able to apply for a crypto-linked Mastercard. This will allow users to instantly convert their cryptocurrency into fiat dollars which they can spend wherever you can use a normal card. This doesn’t mean that people will be paying for their purchases in Bitcoin (BTC) or other coins, but instead Mastercard does an instant transfer from crypto to fiat. This allows for buyers to use the card at any merchant that accepts normal cards, which gives…
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Politicians Preparing for The Crypto Future
How Bitcoin is Changing The Economic-Political Landscape
Governments all over the world are adopting cryptocurrency into their economies and day-to-day life. With the correct usage by federal governments, crypto could lead to massive leaps in infrastructure, the creation of millions of jobs, and could aid developing countries in building their economies. In the last year, the world has started slowly seeing the adoption of several different coins by countries all around the globe. The Bitcoin Law in El Salvador, which became effective on September 7th of this year, made the coin legal tender within the country. The adoption of bitcoin within the country has not gone completely smoothly, with some users falling victim to scammers and glitches…
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The government can't build a digital dollar without help, according to Federal Reserve Chairman Jerome Powell (Photo: Wikipedia)Building digital dollar requires private sector’s help: Fed Chairman
Jerome Powell told an international financial conference that ‘the private sector has the experience and expertise’ needed to help build digital currencies
The chairman of the Federal Reserve said today that the U.S. government will have to work with private firms to improve the way money is moved around the world. Speaking via video at a Bank for International Settlement (BIS) conference in Basel, Switzerland on March 18, Jerome Powell acknowledged that the current system of cross-border payments needs to be improved and digitalized. He said: “The COVID crisis as brought into even sharper focus the need to address the limitations of our current arrangements for cross-border payments.” It has, he said, “shined a light on the less efficient areas of our current payment system and accelerated the desire for improvement and digitalization.” A key…
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Arthur Hayes agrees to arrest on Bank Secrecy charges
The former CEO of the BitMEX crypto derivatives exchange will turn himself in to U.S. authorities, be released on bail and allowed to return to Singapore
Benjamin’s filing with the court noted that after “extensive discussions” Hayes and the DoJ agreed to a $10 million bond secured by $1 million in cash, to be co-signed by his mother. In a very unusual agreement, Hayes will be allowed to retain his passport and reside in Singapore during the trial, returning as needed. He will sign a waiver of extradition form.
