This week marks another set of patents granted Mastercard, which is part of a many years attempt by the payments behemoth to employ technology underpinning most cryptocurrencies. The latest turn involves anonymous distributed ledger transactions via a third party processor.
Alternative payment methods now not so alternative, they have they believers, users and evangelists
Financial ministers and central bankers from the G20 states met over the weekend in Argentina to discuss the challenges for the global economy. They reiterated their position that cryptocurrencies do not pose a risk to the financial stability. The officials also called on the Financial Action Task Force to clarify by October how its anti-money laundering standards apply to crypto-assets.
Planning Fintech, if you have such possibility, study which type of Financial Institution suits you best.
Does AML matter only for experts in that and making Fintech project we may ignore that? Unfortunately not!