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Showing posts from August 5, 2024

Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program

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Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/N8xU9f4

French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation

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The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/N8xU9f4

Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

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Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/N8xU9f4