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A London-based start-up said it would launch the first fund to track an index of digital currencies such as bitcoin in the coming weeks.
IBM completed a pilot project with Chinese credit card company China UnionPay that will facilitate the sharing of loyalty bonus points among banks using block chain technology.
The People’s Bank of China is cautious about digital money beyond its control, such as Bitcoin, and is researching benefits of its own sovereign digital currency
MANY of us have heard of bitcoin. And many must be wondering if it’s the new currency of the future and that it makes a good investment bet, especially in times when other more “normal” currencies are volatile and our own ringgit seems to be depreciating. But then is bitcoin really legal? In many countries, Malaysia included, bitcoins are not accepted as a fiat currency.
MANILA: The Philippines is considering regulations for digital currencies as the government seeks to bolster protection for the increasing number of overseas Filipinos using bitcoin and its counterparts to send money home.