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Financial regulators increasingly skeptical of Bitcoin
Two financial regulatory bodies have issued new Bitcoin-related warnings and sanctions this week. The first came from FINRA, the financial industry’s self-regulatory organization. It published an investor’s note on Tuesday saying that “selling and using bitcoins carry numerous risks.” The second warning came Monday from a Texas state financial regulator. That document is an emergency cease-and-desist order against Balanced Energy, an energy firm taking investment in bitcoins.
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Man Denies He’s Bitcoin Founder
The man Newsweek claims is the founder of Bitcoin denied he had anything to do with the digital currency.
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- Tags
- digital payments
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Kenya’s Mobile Money Competition to Heat Up
Traditional mobile money transfer companies in Kenya could be headed for tight competition if other large volume traders are given licences to enter the field.
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- Sub-Saharan Africa
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Behavioral Change Tops Challenges for Mobile Money Use in West Africa
Cultural factors slow down the embrace of mobile money services.
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- Region
- Sub-Saharan Africa
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OPINION: Mobile and Money Remittance – A Perfect Match
Mobile makes money transfers faster and more convenient and it has the potential to reduce bottlenecks in branches.
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The Most Dangerous Man in Bitcoin Isn’t a Criminal
Preet Bharara tells the hotel ballroom full of bankers. "I could either come around, or you could just form a single-file line."
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Japan considers Bitcoin tax after Mt. Gox failure
Japan is looking at ways to tax Bitcoin transactions, a report said Tuesday, in the wake of the spectacular failure of the Tokyo-based Mt. Gox exchange after a half-billion-dollar theft.
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- Technology
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What if America’s unbanked had mobile wallets?
Delivering financial services to the world's unbanked masses is not a topic that usually includes a developed economy like the United States. That's because Africa is the global leader in this area. Its mobile network operators are boosting their bottom lines and raising standards of living by offering mobile wallets to the unbanked -- making it possible to conduct a variety of transactions from person-to-person money transfers to bill payments and point-of-sale purchases.
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