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US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187
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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

PYMNTS

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form.

Taxes 109
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Death, Taxes And Digitizing Insurance Payments 

PYMNTS

If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. In an interview with PYMNTS, Colin Zalewski, senior product marketing manager for One, Inc., It is now social media that cements the carrier/insured relationship.

Taxes 101
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Vietnam’s Social App Lotus Seeks Funds To Compete With Facebook

PYMNTS

Vietnam ’s new social network platform, Lotus, is looking to raise as much as 1.2 Developed by media group VCCorp, Lotus has already secured an initial investment of 700 billion dong ($30.4 In January, Vietnam accused Facebook of violating Vietnamese law in how it managed online content, advertising and taxes.

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Digital Payments Startup GPay Awarded Vietnam License

PYMNTS

The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. The technology holding company also has member businesses in gaming, security and financial services. . Vietnam said in January that Facebook violated Vietnamese law in how it managed online content, advertising and taxes.

Payments 154
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Conducting Experiments in Credit Management: 4 Best Practices

FICO

As credit issuance, account management and collections enter the digital age, the opportunity for innovative experimentation is accelerated and made more complex by the wide range of data and decision points a digital platform enables. The Pillars of Experimentation. Solve for the Problem, Not the Solution.

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Don’t let love blind you from Romance Scams

Qudos Bank

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. The scammer will pretend that they’re an Investment Manager or Broker. Million in overall losses. million dollars.