Author Archives: admin

Gary Gensler, chair of the US Securities and Exchange Commission (SEC), says that while he is “technology neutral”, crypto assets were no different than any others when it came to such public policy imperatives as investor protection, guarding against illicit activity and maintaining financial stability.

Gary Gensler, chair of the US Securities and Exchange Commission (SEC), says that while he is “technology neutral”, crypto assets were no different than any others when it came to such public policy imperatives as investor protection, guarding against illicit activity and maintaining financial stability.

xxx Gensler said he had been focusing on cryptocurrency trading platforms because 95 per cent or more of the activity in this “highly speculative asset” takes place in such venues — with investor protections he described as “really sparse”. He said cryptocurrencies and decentralised finance (DeFi) platforms pose a challenge for regulators because they existContinue reading “Crypto platforms need regulation to survive, says SEC boss | Financial Times”

xxx While there’s been a lot of talk recently about stablecoins and their role in payments, stablecoins in and of themselves don’t solve any problems. To unlock their potential, they need to be combined with an underlying payments network that’s cheaper, faster, safer, interoperable and programmable. One that’s more open than the current antiquated system,Continue reading “Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system | by David Marcus | Aug, 2021 | Medium”

xxx However, it is unclear whether central bank digital currencies are the best answer to an aged global payments infrastructure. Returning to the remittances example, while the global average cost for sending cash remittances has remained relatively flat since 2013, the global average cost for digital remittances has posted consistent declines. Digital remittances are definedContinue reading “Singapore’s Central Bank Is Building A Bitcoin Inspired Currency Using JP Morgan Technology”

xxx But critics said policies such as the data localisation requirements that tripped up Mastercard and American Express were designed to cement control over business activity and erect trade barriers. From How US payments groups ended up on the wrong side of India’s plans | Financial Times. xxx

xxx Samsung Electronics America, Inc. and the Commons Project Foundation today announced the availability of SMART Health Cards displaying Covid-19 vaccination status within Samsung Pay. This new feature allows U.S. consumers to download a verifiable digital version of their Covid-19 vaccine record received from leading pharmacies, providers, or health systems and securely store it inContinue reading “Samsung and the Commons Project Foundation Introduces SMART Health Cards Within Samsung Pay – Samsung US Newsroom”

For the first decade or so, it was far from clear whether the credit card was continue to exist as a product at all, and as late as 1970 there were people predicting that banks would abandon the concept completely. What changed everything was technology: the introduction of the magnetic stripe and Visa’s BASE IContinue reading “Goodbye magnetic stripe”

xxx As voice cloning technology has become ever more effective, it is of increasing interest to actors… and cybercriminals. When Tim Heller first heard his cloned voice he says it was so accurate that “my jaw hit the floor… it was mind-blowing”. Mr Heller, a 29-year-old voiceover artist and actor from Texas, does everything fromContinue reading “Voice cloning of growing interest to actors and cybercriminals – BBC News”

xxx On a webinar hosted by the Human Rights Commission, a number of civil and digital rights advocates backed recent calls for a moratorium on the use of facial recognition technology in government decision making until appropriate privacy protections are enshrined in law. From Experts back facial recognition moratorium – InnovationAus: xxx