The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S. chains Starbucks, Subway and McDonald’s. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
It might sense to think that bitcoin — that marquee name of cryptocurrency — would enjoy a shining moment, a chance to take root in commerce in a way that shows just how far we have come in transacting digitally, in living financial lives online....
With a revised version of the planned digital currency, Facebook‘s Libra will be supervised by worldwide watchdogs and connected to individual country currencies. The potential of the 2.5 billion users of Facebook using Libra has garnered regulatory scrutiny, Reuters reported. Get the Full Story Complete the form...
One of China’s state-owned banks has a mobile test app that supports the country’s central bank digital currency, according to a CoinDesk report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Financial Stability Board (FSB) – the regulatory watchdog of the Group of 20 (G-20) – warned global regulators that possible stablecoin disruptions should be addressed before Facebook’s Libra is released, according to a consultation report released on Tuesday (April 14). Get the Full Story...
Seven cryptocurrency issuers and four crypto exchanges are facing federal class action lawsuits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
Global cryptocurrency exchange CoinEx is partnering with fiat infrastructure provider Simplex to make it easier for investors to purchase cryptocurrency, the companies said in a statement on Tuesday (March 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Following a mass sell-off as markets dropped due to the global coronavirus pandemic, cryptocurrency has rebounded more than $14 billion while bitcoin rallied, gaining 10 percent, according to a Tuesday (March 24) report. Alt coins Ethereum rose 7 percent and XRP was up 5 percent....
Plaintiffs in a case that alleged JPMorgan Chase charged clients too much for buying digital currencies with their credit cards have reportedly arrived at a settlement with the bank, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
