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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. Yet despite this acknowledgment, the FSB still argues against the widespread adoption of stablecoins claiming they “may generate risks to financial stability, particularly if they are adopted at a significant scale.” The AML/CFT Argument In a report, the FSB says activities associated with global stablecoins arrangements (GSA) “pose risks that can span across banking, payments,…

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New Demand for Cryptocurrencies: Trading on Bitcoin Cash KYC-Free Exchange With Blind Escrow

Governments are injecting record levels of new money into economies to contain the impact of shutdowns. Restrictions imposed on people in countries all over the world have forced many to look for alternative but safe ways of transacting. This is one reason why blind escrow bitcoin cash trading is increasing: it is not burdening users with KYC requirements. Some countries hit hard by the pandemic like the United States, have reportedly printed more money in less than six months than they have in several decades. Without a doubt, the deluge of new money entering the system will have dilutive effects…

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How Cryptocurrencies Enabling Financial Inclusion in the Developing Countries

We all know the importance of financial inclusion. Right? Can cryptocurrencies drive financial inclusion, and if yes, then how? Let’s dive deeper into understanding the role of blockchain in enabling financial inclusion for developing countries like India and Africa. So let’s get started.   Table of Contents    Overview of Cryptocurrencies and Financial Inclusion Blockchain- … Read More

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