Business

Philippines to probe links to German Wirecard scandal

The Philippines said Wednesday it will investigate links to the 1.9 billion-euro ($2.1-billion) Wirecard scandal, adding the European payment provider's ex-chief operating officer may be in the country.

Business

Brazil suspends WhatsApp digital payments

Brazil's central bank said Tuesday it had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive.

Business

Bitcoin rises after eagerly awaited 'halving'

Bitcoin rose Wednesday after undergoing an eagerly awaited adjustment that occurs every few years to limit the amount of the virtual currency on the market, building on a recent coronavirus-driven rally.

Internet

China gets into blockchain race with US

China has launched an ambitious effort to challenge the US dominance in blockchain technology, which it could use for everything from issuing digital money, to streamlining a raft of government services and tracking Communist ...

Business

G7 countries seeking common stance on Facebook's Libra

Facebook's controversial plans for a new digital currency will again come under scrutiny of finance officials from Group of Seven economies Thursday, who worry it undermines their hold over the global financial system.

Business

China wants centralised digital currency after bitcoin crackdown

As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency—one that could allow the government and the central bank to see what people spend their money on, according to analysts.

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