According to the Philippines' Securities and Exchange Commission (SEC), regulators are taking steps that could legalize the use of cryptocurrencies in the country by classifying them as securities. … [Read more...] about The Philippines could legalize digital currencies as securities
Square implements option to buy and sell bitcoin in its Cash app
PoS solutions provider and mobile payments operator Square, Inc., based in San Francisco, has recently announced it started a pilot program that would allow users to buy and sell bitcoin via its Cash app. During the testing phase the option has been made available to limited number of users. … [Read more...] about Square implements option to buy and sell bitcoin in its Cash app
French asset management company TOBAM launches bitcoin mutual fund
A small Paris-based asset management firm TOBAM (~ $9 billion of assets under management) announced on 22 November, 2017 that it had launched a bitcoin mutual fund, the first of its kind in Europe. The fund has been approved by France's financial regulator, the Autorite des Marches Financiers (AMF), and is classified as an alternative investment fund. … [Read more...] about French asset management company TOBAM launches bitcoin mutual fund
Bitcoin adoption grows rapidly in Japan
Despite some governments' efforts to play down the importance of cryptocurrencies, Japan legalized bitcoin as a legal payment method in April 2017. There's been a lot of progress since then. … [Read more...] about Bitcoin adoption grows rapidly in Japan
AmEx will use Ripple blockchain for business payments
American Express, a financial services provider, announced that its FX International Payments (FXIP) division will use Ripple blockchain to provide real-time, trackable non-card payments between US and UK corporate customers who do banking in Santander UK. … [Read more...] about AmEx will use Ripple blockchain for business payments
Seasoned investor Novogratz predicts rapid bitcoin adoption by institutional investors
Mike Novogratz, the former hedge fund manager at Fortress Investment Group, believes that institutional investors will adopt bitcoin in about six to eight months. … [Read more...] about Seasoned investor Novogratz predicts rapid bitcoin adoption by institutional investors
Australia is among leaders in bitcoin adoption
Australia has taken a lead among countries that are most open to cryptocurrency adoption. … [Read more...] about Australia is among leaders in bitcoin adoption
Bank of Portugal official does not consider bitcoin as a currency
Helder Rosalino, a member of the board of directors at the Portugeese central bank, told media outlet Economia Online that the Bank of Portugal regards cryptocurrencies, like bitcoin, with caution and concern. … [Read more...] about Bank of Portugal official does not consider bitcoin as a currency