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China says bitcoin is wasteful. Now it wants to ban mining.
An executive who works closely with Chinese mining firms told WIRED that although the ban was widely expected to move forward, miners expect it will take years for the government to fully rein in their operations.
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- Technology
- Region
- Asia Pacific
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The World’s Cheapest Hospital Has to Get Even Cheaper
Cancer surgery for $700, a heart bypass for $2,000. Pretty good, but under India’s new health-care system, it’s not good enough.
- Categories
- Health Care
- Region
- South Asia
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Alibaba, Baidu, and Tencent are among the first 197 regulated blockchain firms in China
China‘s Cyberspace Administration – the country’s central internet regulator – has released the first list of companies approved to conduct business with blockchain tech.
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- Technology
- Region
- Asia Pacific
- Tags
- blockchain, Internet, regulations, technology
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M-Pesa Bank? Members of Parliament seek Central Bank regulation
If MPs have their way, the telecommunications regulator, the Communications Authority of Kenya (CA), will be compelled to ensure that mobile money services like Safaricom’s M-Pesa, Airtel Money and Telkom’s T-Kash are licensed as banks.
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- Finance
- Region
- Sub-Saharan Africa
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Inside fight between Kenya, IMF over financial inclusion
The International Monetary Fund (IMF) insists it will still prescribe painful financial regulations as long as Kenya’s banking system continues to face vulnerabilities.
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- Finance
- Region
- Sub-Saharan Africa
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Nigeria’s Central Bank could hamstring local fintech startups with costly new regulation
In a draft policy document, CBN recognized products by fintech companies are “gaining acceptance” but argued their emergence would heighten existing risks in the financial system.
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- Finance
- Region
- Sub-Saharan Africa
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Africans Fear Trend Toward Taxes on Data, Mobile Money
The telecom companies say taxes on mobile payments introduced by a string of countries hurt their revenues and threaten much-needed investment in infrastructure.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Missing Link in the Blockchain: The Need for Trust in a ‘Trustless’ System
Blockchain has become the ultimate tech buzzword, and development organizations are seeking to apply it in projects of every stripe. But as Rose Davis discovered in researching the technology’s social impact applications for Stanford, reliable digital identification is an essential precursor to many blockchain initiatives. Does a distributed ledger that has supposedly transcended the need for centralized oversight actually require some form of verification from trustworthy authorities? And if so, who should provide it? Davis explores these questions in this thought-provoking post.
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- Technology
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