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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

percent from 2019 to 2026, the technologies’ high costs and lack of skilled IT professionals prevent the market from doing so more quickly. Regulators are increasingly taking note, with some seeking to improve AML and anti-tax evasion efforts by prohibiting anonymous crypto transactions. Cryptocurrency and Blockchain.

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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small.

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India’s Payments Power Moves

PYMNTS

In 2016, Prime Minister Narendra Modi put forth a policy that took the largest banknotes in circulation out of the system (500 rupee and 1,000 rupee bills), a move intended to reduce tax evasion and corruption. The central bank said in August that it had gotten roughly 99.3 Online Retail Growth.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. The larger seed-to-sale solutions operating on “certain cloud-based systems” have, unfortunately, turned out to be less than reliable and stable. As a point of comparison, U.S.