Search Results for: Business

Blockchain-Powered Devices to be Worth More Than $23.5 Billion by 2030 According to Business Intelligence Firm

According to a market research report by P&S Intelligence, a business intelligence consulting services firm, the worldwide blockchain devices market was worth $300 million in 2019 but is expected to surpass $23.5 billion in worth by 2030. This trend represents a Compound Annual Growth Rate (CAGR) of 48.7% based on the 2020-2030 forecast period.  Crypto … Continue reading Blockchain-Powered Devices to be Worth More Than $23.5 Billion by 2030 According to Business Intelligence Firm

Payment Giant Visa Sets to Modify PoS Charges to New Business Categories

United States-based merchants are set to see an adjustment in fees to be paid as part of the updates of payment giant Visa point-of-sale (PoS) system. This situation was made open in a document sent by representatives of Visa to banks notifying them of an upgrade of its system, set to be implemented in the … Continue reading Payment Giant Visa Sets to Modify PoS Charges to New Business Categories

DAG Global Seeks to Break New Ground as First UK Bank to Support Crypto Businesses

DAG Global, a UK financial services company, aims to set a precedent by gaining a UK banking license to close the void between banks and crypto businesses. As reported by the Financial Times on Feb 10, DAG intends to become the UK’s first bank to support cryptocurrency businesses.  Is DAG Global walking a tightrope? DAG … Continue reading DAG Global Seeks to Break New Ground as First UK Bank to Support Crypto Businesses

Belgium’s FSMA Blacklists More Crypto Investment Businesses Following Customer Complaints

Belgium’s Financial Services and Markets Authority (FSMA), a body mandated with the oversight and regulation of the nation’s financial services sector, has opted to add more crypto investment businesses to its blacklist for fraudulent activities. According to an official announcement, this decision was sparked by new cries aired by customers about cryptocurrency investment offers meant … Continue reading Belgium’s FSMA Blacklists More Crypto Investment Businesses Following Customer Complaints

New Jersey State Considering New Bill to Set New Requirements for Cryptocurrency Businesses

The New Jersey state legislature received a new bill, the Digital Asset and Blockchain Technology Act by Assemblywoman Yvonne Lopez. This new billwould require cryptocurrency and virtual currency to obtain a license to operate, allowing for more consumer-friendly protections. Cryptocurrency businesses would be required to disclose their legally registered names, follow anti-money laundering (AML) and … Continue reading New Jersey State Considering New Bill to Set New Requirements for Cryptocurrency Businesses

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial, the parent company of AliPay, has launched OpenChain, a new blockchain platform that gives developers and small and micro enterprises (SMEs) the power to leverage the Chinese blockchain giant’s proprietary blockchain consortium and efficiently and cost effectively deploy smart contracts and create decentralized apps (DApps). Ant Financial Blockchain is the largest productivity blockchain … Continue reading Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

FinTech Giants PayPal, Intuit and Square Capital Approved to Digitally Distribute US Govt COVID-19 Small Business Stimulus

PayPal, Square and Intuit have received the US Government’s approval to take part in the  Small Business Administration’s (SBA) Paycheck Protection Program(PPP) which was established in response to the COVID-19 pandemic triggered global financial crisis.  The approval was granted following an appeal to Congress by Financial Innovation Now (FIN), on March 19, for FinTech companies to help distribute the loans … Continue reading FinTech Giants PayPal, Intuit and Square Capital Approved to Digitally Distribute US Govt COVID-19 Small Business Stimulus

Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027

Fortune Business Insights has revealed that the blockchain-as-a-service (BaaS) sector will escalate to $24.94 billion by 2027 from $1.9 billion recorded in 2019, representing a compound annual growth rate (CAGR) of 39.5%. According to the press release shared with Blockchain.News, this uptrend will be fueled by small and medium enterprises (SMEs) as they are viewing … Continue reading Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027

Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill

Crypto businesses may soon be offered a regulated path to legalization in the state of Louisiana. The state of Louisiana may soon pass a bill, that was filed earlier this year and will allow crypto-businesses to operate legally under a state license. The proposed bill has been backed by Louisiana state representative Mark Weight. Should … Continue reading Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill

Estonia Revokes 500 Crypto Business Licenses in a Move Against Illegal Money Laundering Activities

According to a Bloomberg report, Estonia has revoked licenses from 500 crypto companies. This is an estimate of 30% of the entire number of approved crypto companies in the country. Regulatory authorities embarked on such a massive action as part of combating illicit financial transactions after Danske Bank was associated with a $220 billion money-laundering … Continue reading Estonia Revokes 500 Crypto Business Licenses in a Move Against Illegal Money Laundering Activities

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