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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

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patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. A central entity may implement a monetary policy and issue currency.

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Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

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The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may implement a monetary policy and issue currency.

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Why Accounts Receivable Is Warming Up To Digital Currency

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In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. .” Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

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Cybercriminals Hijack Phone Numbers

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Stealing consumer phone numbers and using the access that comes with that to reset the entirety of a consumer’s online life. The way the scam works is that a thief contacts a victim’s phone company and asks to transfer their old phone number to a new phone — one under the thief’s control.

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New Law Would Regulate Libra As A Security

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A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

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Lawmakers Want To Make Libra A Security

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A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

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Scammers Hawking Bogus Libra Currency, Even On Facebook

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The social media giant is now compelled to address a growing number of fabricated exchanges associated with its digital asset, The Washington Post reported on Tuesday (July 23). It also introduces a new programming language, Move, designed to make it more efficient and secure.