U.S. Democratic presidential candidate Andrew Yang thinks cryptocurrencies experience fraud due to lack of regulations and plans to tackle the issue. Democratic 2020 presidential candidate Andrew Yang has outlined how he plans to regulate the cryptocurrency industry. Promise to promote legislation on cryptocurrencies On Nov. 14, Yang, an entrepreneur, lawyer, philanthropist and a Democratic candidate…
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At least one world superpower is overdue for robust cryptocurrency regulations. Speaking at BlockShow Asia 2019, Proof of Capital managing partner Edith Yeung called out American regulators for leaving blockchain-based ventures in the dark. These companies are commonly domiciled in Singapore, Switzerland, or Hong Kong because “they have no idea of what is happening in…
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The task force’s so-called “travel rule” calls for virtual asset service providers to gather personal data during transactions. Today during a panel at BlockShow Asia 2019, a group of cryptocurrency industry leaders announced the creation of a protocol that aims to maintain privacy while complying with Financial Action Task Force (FATF) regulation. The FATF’s so-called…
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German regulator federal financial supervisory authority issued a warning against Bulgarian cryptocurrency broker 5 Capital. German regulator federal financial supervisory authority (BaFin) issued a warning against Bulgarian cryptocurrency broker 5 Capital on Nov. 11. The regulator has barred 5 Capital from operating in the country since the firm illegally offered Contracts for Difference (CFDs) designed…
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Faster payments on an optimized blockchain. Speaking at BlockShow Asia 2019, aBey Foundation co-founder Dr. Ciprian Pungila announced aPay, a payment system that lets the cryptocurrency community use its assets for daily payments via credit card integrations. aPay users can send their cryptocurrencies to the platform and gain access to three different credit cards that…
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Binance CEO’s thoughts on China’s digital currency and insights on the future of stablecoins were just some of the highlights from this year’s BlockShow Asia. Couldn’t make it to this year’s BlockShow Asia? Don’t worry. Cointelegraph has you covered with some key highlights of BlockShow Asia 2019 held Nov. 14-15 in Singapore. Cointelegraph moderated the…
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Forgoing crypto’s main principles, proof-of-authority is used by world giants and tech companies for better efficiency and scalability. While the proof-of-authority consensus algorithm is turning into perhaps one of the most mature versions of blockchain technology. It is faster than other algorithms, more scalable, and does not depend on mining. Market leaders Walmart and GE…
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From digital toys to “collectible” athletes, now might be a great time to get into crypto collectibles. Speaking on stage at BlockShow Asia 2019 in Singapore, True Global Ventures 3d founder Dusan Stojanovic said the time to invest in crypto collectibles is “right now.” Some investors regard Bitcoin as a “safe haven” asset, and see…
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Experts at BlockShow Asia 2019 discussed AI’s dependence on blockchain to secure our decentralized digital future. Speaking at BlockShow Asia 2019, Todalarity CEO Toufi Saliba posed a hypothetical question to the audience: “How many people would take a pill that made you smarter, knowing they can be controlled by a social entity?” No one raised…
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Hong Kong rolls out a new framework for crypto exchanges, which could establish an important precedent for the local market. On Nov. 7, Ashley Alder, the CEO of the Securities and Futures Commission of Hong Kong, said at a conference that a new framework for crypto exchanges will be implemented. Almost immediately after the announcement,…
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