India’s Central Bank Targets Blockchain Payments While Hating Bitcoin

A man was at a café. He was glaring through the menu and decided to order himself a glass of lime water. But it wasn’t just any other lime water he wanted. He told the waiter that his beverage shouldn’t have the taste of lemons. He said he didn’t like the fruit much. But he added that he was a big fan of lime water anyway. Bewildered at first, the waiter eventually decided to bring him a glass of plain water. The man gulped it whole-heartedly and paid the waiter an extra twenty for his impeccable services. He left the

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Japan’s Biggest Bank Confirms Launch of Digital Currency ‘Coin’ in 2019

Following months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency. Japan Times reports that Group President, Mike Kanetsugu revealed this week that the firm intends to rollout Coin before the end of 2019. According to Kanetsugu, MUFJ will lean on businesses including retail outlets and restaurants to adopt Coin, with the intention of achieving wider adoption, resulting in “connected economic blocs.” He also revealed that Coin will enable the various participating business to find out previously unavailable information about their customer bases,

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India’s Supreme Court Delays Crypto vs Central Bank Fight to July

The courtroom battle between the Indian cryptocurrency exchanges and the Reserve Bank of India (RBI) has reached its ninth month but remains far from conclusion. On March 29, the Supreme Court of India moved the hearing to a new date in July. It was the sixth time in a row when the apex court had adjourned the so-called Crypto vs. RBI case. The move breathed further extension into the ongoing RBI’s ban, leaving the cryptocurrency exchanges and investors without a banking service 12-months in a row. But new information reveals that July could see a full-fledged legal proceeding. The outcome

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One of the largest banks in Sweden, Swedbank, may have been used for extensive, systematic money laundering for nearly a decade. A total of USD 5.8 billion has been funneled between suspect accounts in Swedbank and Danske Bank in the Baltics.

One of the largest banks in Sweden, Swedbank, may have been used for extensive, systematic money laundering for nearly a decade. A total of USD 5.8 billion has been funneled between suspect accounts in Swedbank and Danske Bank in the Baltics. submitted by /u/dodovano
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Bitcoin – The Currency of the Internet