The controversial project from Facebook, Libra is being potentially going to be looked over by the Australian Prudential Regulation Authority. An official proposal was published this week by APRA to the Senate in submitting potential regulatory framework. The authority confesses that online wallets are becoming even more crucial for the financial system. The controversial project from Facebook, Libra is being potentially going to be looked over by the Australian Prudential Regulation Authority (APRA). An official proposal was published this week by APRA to the Senate in submitting potential regulatory framework driven for fintech and regulatory technology. As it says in the proposal, the framework… “...is intended not only to be fit for purpose for the current financial system but also be able to accommodate future developments and technological advances, such as proposals for global stablecoin eco-systems that have been the subject of significant attention in recent months.” The authority confesses that online wallets are becoming even more crucial for the financial system. This is thanks to mobile apps becoming increasingly popular. The regulator sees two specific types of digital wallets though: “Some, but not all, digital wallets hold stored value on behalf of customers and are pre-paid facilities. Others (such as Apple Pay) hold customers’ credit/debit card details and only facilitate payments from that nominated account.” The Australian body goes onto note that it would be looking over digital wallets that are commonly used in storage and for payments. This includes Libra’s parent Calibra wallet. As reported by CoinTelegraph: “For wallets that actually hold the user’s value, APRA has started developing a new principles-based prudential standard to simplify the regulatory requirements for new types of fintech businesses.” It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
The Ripple (XRP) price has broken out above a descending resistance line that had been in place for 483 days. This could be the beginning of a new, upward trend. Highlights The XRP price has broken out above a long-term resistance line. It has created a bullish reversal pattern (double bottom). The price is trading […] The post XRP Looks Poised to Break Out Above Long-Term Resistance appeared first on BeInCrypto.
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland and the Bank for International Settlements created a CBDC research group
Consistently among the top digital assets in the world by market cap, Bitcoin Cash is accepted by most crypto service providers and the list just keeps growing. The latest platform to add BCH support is the popular crypto wallet with over 10 million downloads, Imtoken. Also Read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at […] The post Popular Crypto Wallet Imtoken Adds Bitcoin Cash Support appeared first on Bitcoin News .
After two days of declining, the XRP stabilized, and on Tuesday it is trading at $0.2364. On D1, the XRP/USD quotations remain inside the long-term bearish channel. However, after a convergence on the MACD, the resistance line of the mid-term channel was broken out. This situation means the development of a mid-term correctional phase which may turn into a full-scale reversal of the current trend. At the moment, the correction has reached 23.6% Fibo related to the previous impulse of declining, but later the quotations may rise to 38.2% ($0.3012) and 50.0% ($0.3405). Looking at the chart, you can notice The post XRP Price Analysis for January, 21th – XRP Stabilized appeared first on The Merkle Hash.
The FCA has officially taken over as the ALM/CTF supervisor for the U.K., but what ramifications will this have on the wider crypto industry?
The Chamber of Digital Commerce filed an amicus brief in the Telegram vs SEC case, asking the Court to affirm that a digital asset should not be considered a security just because it is based on blockchain
CoinspeakerXRP Price Drops 11% Despite Advancing about 45% as It Toggles for More BearsXRP/USD is now testing the $0.231 level as support. Leaving the zone may lead to the fact that traders may place a short position concerning the $0.176 level.XRP Price Drops 11% Despite Advancing about 45% as It Toggles for More Bears
For the first birthday of the LN Torch, Hodlonaut gave the start to #LNTrustChain2 The post Lightning Torch 2: “68 bearers and 29 countries in less than 2 days” on Twitter appeared first on The Cryptonomist.
A new car will be launched on the occasion of Chinese New Year and will be absolutely unique The post Formula1 NFT: the China Edition is here appeared first on The Cryptonomist.