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Facebook Likes Payments: Cryptocurrency, Not So Much

Bank Innovation

EXCLUSIVE – Payments might not be a substantial portion of social media platform Facebook’s revenues, but it is an important one — particularly as non-payment companies increasingly begin to launch payment capabilities for social media platforms such as Messenger.

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How China Is Clamping Down On Crypto Trading With Social Media

PYMNTS

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.

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Australia to host US$100m Metaverse R&D Center

Bobsguide

Located in Melbourne, Victoria, the US$100 million centre will be one of the largest in the world when operational. It is a social platform that combines aspects from online gaming, virtual reality, augmented reality, social media and cryptocurrencies. Developing a new interactive world.

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Regulatory Tracker: Sandboxes Gain, While Cryptos Wane

PYMNTS

Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. As of the end of the week, at least one firm, Mattervest, said it had shuttered operations. Although the firms had advertised across social media, none of them had registered to offer or sell securities.

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Facebook’s Libra And The Future Of Digital Identity

PYMNTS

South Korea’s Financial Services Commission (FSC) has approved blockchain operator ICONLOOP’s my-ID system to protect data collected for digital identities. ICONLOOP expects that my-ID data will be readily accepted by banks and FinTechs without the need for further verification.

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Libra, MoneyGram-Ripple Deal And Fraud Prevention Top Week’s News

PYMNTS

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Or does it?

Fraud 101