Rumored US crypto wallet restrictions: A step toward financial exclusion
Without proper crypto regulation, the U.S. government might create a massive roadblock to financial inclusivity. The crypto community has a saying: “Not your keys, not your coins,” which means that if you hold your crypto on a third-party custodial wallet, you don’t truly have ownership of the coins. The entity controlling the private key of the wallet ultimately has power over it. Self-hosted wallets, or non-custodial wallets, allow individuals to receive, send and store their own cryptocurrency without the need of a custodial entity.As life has become increasingly more digitized, the use....
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Millions of people around the world are financially excluded. These individuals, mainly women and poor people, suffer financial exclusion and restricted economic growth. Surprisingly, the financial exclusion of the poor is happening not only in developing countries but in the very financial capital of the world, New York City. Specifically, the New York....
Despite its relatively low adoption in the US, XRP has continued to enjoy widespread adoption overseas in countries like Japan, Singapore, and others looking to incorporate cryptocurrencies into their economy. This time, France is rumored to be the latest country to have taken an interest in the token, per rumored reports. France Could Adopt XRP […]
Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday which warned such rules might "crush a nascent industry."
London, November 18, 2014. UK Bitcoin service provider SpectroCoin.com this month launched a new feature on its platform to allow clients to withdraw cash in more than 25 countries around the Europe and Central Asia raging from France or Switzerland to Turkey by overcoming banks to provide an easier access to Bitcoin for unbanked people. In Europe and Central Asia where 193 million adults[1] are not using formal financial services, their financial exclusion might lead to a social exclusion. Provision of link for these people to a global payment network acts as a social mission to reduce....
Concerns regarding the potential exclusion of Strategy (MSTR) from the MSCI index emerged last week, with estimates from JPMorgan analysts indicating that such a move could result in approximately $2 billion to $8 billion in outflows. Amid mounting concerns within the crypto community, Michael Saylor confirmed that the company is in discussions with MSCI regarding […]