Crypto, giving back to the world
The Giving Block, a charity platform that facilitates cryptocurrency donations to more than 700 nonprofits around the world, has just launched an additional 15 new “cause funds”. These new funds would bring together nonprofits that have a similar mission. Alex Wilson, the co-founder of the platform has stated that the use of donations varies greatly depending on the cause, and that as of now only nonprofits in the United States are eligible for sign up, though he hopes to expand internationally soon.
In a news that is closer to home, Singapore has set a goal to be the leading player in the crypto world. Contracting the “fear of missing out” bug, Singapore understands that not getting a head start in this game soon will have the potential risk of them being left behind. Singapore’s plan to achieve said status will be by implementing stricter regulations, as seen from the new Payment Services Act which came into effect in January last year. Quality over quantity is the way to go.
Australia banks, more specifically CBA and ANZ have started or is starting to roll out crypto trading services. One of ANZ bank’s senior executive has said that the growth of the crypto sector has become too big big to be ignored by traditional finance. Though the other 2 members of Australia’s big four banks have yet to announce anything, I am sure it is just a matter of time before they jump onto the bandwagon.
India’s largest mobile payment platform would consider Bitcoin offerings . Invest wisely, avoid leverage and stay safe.
The Giving Block Launches 15 New Funds To Lead Crypto Giving By Cause
The cryptocurrency charity platform The Giving Block has announced the launch of 15 new ’cause funds’ to better direct donations to charities with similar goals and missions.
The Giving Block was created to facilitate cryptocurrency donations to more than 700 nonprofits around the world, including Save the Children, Malala Fund, and World Vision.
Singapore wants to be leading player in global crypto economy: MAS chief Ravi Menon
Singapore is seeking to cement itself as a key player for cryptocurrency-related businesses as financial centres around the world grapple with approaches to handle one of the fastest-growing areas of finance.
"We think the best approach is not to clamp down or ban these things," said Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), which regulates banks and financial firms.
ANZ bank executive: The ‘weight of money’ means crypto can’t be ignored
One of the ANZ bank’s senior executives has told a Blockchain Australia forum that the crypto sector has grown too big to be ignored by traditional finance.
The comments came a day after rival Commonwealth Bank announced that it would roll out crypto trading services for 10 digital assets via its Commbank app.
The “State of Play” forum was held by Blockchain Australia on Nov. 4 and featured representatives from organizations including Mastercard, ANZ and NAB offering their take on the crypto sector in the wake of CBA’s play.
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