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Tag: digital economy

Australian Government Set to Ban Cash Transactions Over $10,000, an Opening for Cryptocurrencies

Category: Business, Commentary, Finance, News, Regulation

Australian Government Set to Ban Cash Transactions Over $10,000, an Opening for Cryptocurrencies

The Australian government is looking to curb money laundering practices by introducing cash payment limits. In the May 8, 2018, federal budget unveiling, authorities made clear their intentions to tackle this menace by making it illegal to carry out cash payments exceeding $10,000. The new cash limit could also encourage the use of cryptocurrencies in the country. $50 Billion of…

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Gold Is Passé: Institutional Investor Believes Bitcoin Is The New Investment Choice

Category: Bitcoin, Commentary, Finance, News

Gold Is Passé: Institutional Investor Believes Bitcoin Is The New Investment Choice

The continual tug-of-war between bitcoin and traditional investment vehicles may soon reach an end. Numerous financial institutions have expressed their interest in cryptocurrency investing, and several figures are coming out in support of the cryptographic digital asset class. Joining the ranks of a bitcoin evangelist is Pfeffer Capital’s John Pfeffer, who recommended bitcoin as a prudent investment choice, instead of…

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Asia’s Most Valuable Company Introduces Blockchain Platform For Enterprise

Category: Blockchain, Business, News

Asia’s Most Valuable Company Introduces Blockchain Platform For Enterprise

Asia’s most valuable company, Tencent, which is valued at 2.31 trillion Yuan, or approximately $335 billion, a market capitalization larger than that of Alibaba, has announced the development of its blockchain platform called TrustSQL. Tencent is better known to the west as the owner of Riot Games, the development company behind popular online game League of Legends, which is played…

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South Korea Lays Foundation for Cryptocurrency Adoption

Category: Business, Finance, News, Regulation

South Korea Lays Foundation for Cryptocurrency Adoption

With the acceptance of cryptocurrency increasing daily, the next logical step is to lay down a foundation on which to utilize and build cryptocurrency services off of. This is exactly what South Korea announced October 24. “The government will push for the systematization of digital currency on a full scale in tandem with a global trend in the U.S., Japan,…

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