News of the Day - July 23rd, 20180.06

Been missing out on the current buzz in the crypto-community? Need to know the latest on-goings in the blockchain world? 

To help you catch up, here are some of the most important crypto-headlines for today.

Google to Bring Blockchain into Its Clouds Services

After linking up with BlockApps, Google’s recent partnership with New York tech-startup, Digital Asset, is yet another venture into blockchain-based applications. The main aim of both mergers has been for Google Cloud to explore ways they could use distributed ledger technology. Having been the second most active corporate investor in blockchain tech from 2012-2017, it is no surprise that Google is expanding into decentralised apps.

Click here to read the full story.

Attention Crypto-enthusiasts in the UK & EU: Wirex to Let Users Spend XRP at POS and Withdraw at ATMs

Ripple XRP coin can now be cashed out directly through a prepaid card. Wirex, the first crypto debit card, has added XRP to its platform. All you have to do is order a card, send your XRP to your Wirex wallet and withdraw at ATMs. You can also spend it at POS terminals. 

Click here to read the full story. 

Costa Rica Now Offering Cryptocurrencies as Paid Salaries

The country’s legislation Article 166 allows for employers to pay workers in goods, money or assets that are not currency… ergo legal practitioners have now included cryptocurrency as a viable form of payment. 

Click here to read the full story.

Law Commission of India Recognizes Cryptocurrencies as Valid Electronic Payment

In a report on restructuring India’s legal framework to discourage gambling and sports betting, the Law Commission has stated that cryptocurrency can be considered a legal electronic form of payment. While there are limitations to be discussed, this report is good news for the Indian crypto-community. 

Click here to read the full story. 

G20’s Statement on Cryptocurrency, Recognizes Benefits and Challenges

In a communique, the G20 group has official released a statement on crypto assets after the 13th G20 summit. The Committee on Payments and Market Infrastructures (CPMI), the International Organization of Securities Commissions (IOSCO), the Basel Committee on Banking Supervision (BCBS), and the Financial Action Task Force will continue to identify and mitigate risks to consumers and investors in order to uphold market integrity.

Click here to read the full G20 report. 

US Chamber of Commerce Calls for Regulation on ICOs 

The US Chamber of Commerce’s new Fintech Innovation Initiative released an inaugural report calling for regulatory clarity on cryptocurrency assets, especially ICOs. It also noted need for specific relief for certain innovators in the form of no-action letters as well as expanding financial literacy and consumer data security. 

Click here to read the full story. 

And that's a wrap-up for today!

Add comment

Please Sign in to be able to leave comments.