Afterpay is set to explore crypto services after clarified regulations
Afterpay, an Australian buy-now-pay-later (BNPL) company that is now owned by Jack Dorsey’s Square, has stated that it plans to pursue bitcoin services once the legislative framework is clear. Representatives from Afterpay spoke at the Senate inquiry into “Australia as a Technology and Financial Center” on Sept. 8, following up on their contribution to the […]
UK’s Financial Conduct Authority (FCA) criticizes Kim Kardashian’s Crypto Ad
The FCA chairman has warned the public to steer clear of unregulated or uninsured speculative tokens, as adverts pertaining to these could be a “pump and dump” scheme in wait to rob investors of their money. The chairman of the Financial Conduct Authority in the United Kingdom, Charles Randall, has spoken out against Kim Kardashian’s […]
US SEC allegedly threatens to sue Coinbase over crypto yield program
In response to Brian Armstrong’s revelation that the SEC had threatened to sue Coinbase, the SEC stated, “They refuse to tell us why they believe Coinbase is a security and instead subpoena a bunch of records from us.” The Securities and Exchange Commission (SEC) of the United States has reportedly threatened to sue Coinbase over […]
Former RBI Deputy Governor pushes for cryptocurrency acceptance in India
According to a former Deputy Governor of the Reserve Bank of India, cryptocurrencies are taxable assets or commodities. In an interview with the Financial Times, the former Deputy Governor of the Reserve Bank of India (RBI) spoke out against the country’s financial and crypto ecosystems, stating that digital assets must be embraced. According to Rama […]
Australian firm Afterpay believes merchants can slash payment costs by utilizing crypto
Australia’s Senate was informed by Afterpay that the use of cryptocurrency might lower payment costs for merchants and that the government should seek to develop a framework for a stablecoin backed by the Australian dollar. Afterpay , an Australian buy now pay later (BNPL) company, believes that using cryptocurrency can help local retailers reduce payment […]