Dan Boabeș, a manager with over 20 years of experience in IT&C, becomes the country manager of BlackCab. The company is the Mobility Partner at Banking 4.0.

Most of the executives of the largest 500 companies in Romania use BlackCab services. BlackCab aims to obtain financing and that an important part of the fleet to be electric at the end of 2023. Dan Boabeș, a manager with over 20 years of experience in telecommunications and IT, has been appointed country manager of BlackCab, a company that offers premium alternative transport services in Bucharest, Timișoara, Cluj and Constanța. […]

BANKING 4.0 – the autumn edition – November 22 & 23 – focused on the EMBEDDED strategy

Fasten your seat belts for cloudy banking in a recessionary world: from all lock-down to everything price-up. The pandemic supercharged digital banking—and this shift created an array of new challenges and imposed banks to develop new business models, which allowed flows to be optimized and operational performance to be improved. Forced by lock-down, banks have invested heavily in digitization. But despite the amounts invested, banks still have – more or […]

Meta plans to shutter its Novi digital wallet on Sept. 1

The move comes amid a broad downturn in the cryptocurrency market and new scrutiny on stablecoins. It’s the last remnant of the Diem project, formerly known as Libra, that Facebook kicked off some years ago. Meta plans to shutter its Novi digital wallet on Sept. 1, just eleven months after the company formerly known as Facebook debuted it, according to CNBC. The company announced the upcoming closure on Novi’s website, informing customers that […]

Crypto markets receive blow after blow: Three Arrows files for Chapter 15 bankruptcy in the U.S. „There will be more bad news.”

The meltdown in cryptocurrency deepened in the past week as major players contended with liquidations, withdrawal freezes, trading halts – and, at least in one case, a bailout. Crypto broker Voyager Digital on Friday announced a suspension of trading, deposits and withdrawals, while BlockFi, a major digital asset lender, won the backing of exchange FTX US with the potential to be acquired. Both companies were upended by the woes of 3AC. Now Crypto hedge […]

First EU rules for tracing transfers of crypto-assets like bitcoins and electronic money tokens. Ensuring crypto-assets can be traced in the same way as traditional money transfers.

The legislation is part of the new EU anti-money laundering package and will be aligned with the Markets in Crypto-assets rules (MiCA). Transfers of crypto-assets will be traced and identified to prevent money laundering, terrorist financing, and other crimes, says the new legislation agreed on Wednesday. Parliament and Council negotiators reached a provisional deal on a new bill aiming to ensure that crypto transfers can always be traced and suspicious transactions blocked. […]

Inspectorii antifraudă fiscală verifică 63 de cetateni romani care au obtinut 131 milioane euro din tranzacționarea criptomonedelor. Au fost identificate aproape 50 mil. euro omiși de la declarare.

Inspectorii Direcției Generale Antifraudă Fiscală, din cadrul ANAF, au inițiat controale pentru verificarea veniturilor obținute în perioada 2016-2021 din tranzacționarea criptomonedelor prin intermediul unor diferite platforme descentralizate, precumBinance, KuCoin, Maiar, BitMart, FTX ș.a „Într-o primă etapă au fost identificate venituri de peste 131 milioane euro obținute de către 63 cetățeni români. Până în prezent, inspectorii DGAF au identificat cca.48,67 milioane euro omiși de la declarare, parțial sau integral,” potrivit comunicatului institutiei. Până […]

El Salvador purchases 80 additional bitcoin at $19K. From September to date, the country has acquired 2301 coins for a total of $103.9 million.

El Salvador purchased 80 bitcoin at $19,000 each, President Nayib Bukele said on Thursday, according to coindesk.com. “Bitcoin is the future. Thank you for selling cheap,” Bukele tweeted, and accompanied the text with screenshots of 40 purchases made on Thursday, which totalled $1.52 million. El Salvador’s last bitcoin purchase was in May, according to Bukele, when the Central American country acquired 500 coins for a total of $15.3 million, at a price of […]

Digital shekel project – Technological experiment on a distributed platform. Bank of Israel investigates anonymous digital shekel payments.

As part of the digital shekel project, the Bank of Israel is studying technological alternatives and the opportunities and risks inherent in various technologies for applying a digital shekel system. „This involves both theoretical analysis and practical experiments that examine the various technologies,” according to the press release. The Bank of Israel is today publishing the outline and main insights from the first technological experiment conducted as part of the project.  […]

Visa launches its first cryptocurrency cards in Latin America

The payments giant Visa has launched its first crypto cards in the Latin America region – and will debut its new products in Brazil and Argentina via a number of new partner firms. According to Expansión, Visa has “announced an alliance” with various fintech companies and IT startups in Brazil and Argentina that will let “users make transactions” with Visa cards – and receive crypto cashbacks every time they spend. In […]

Circle announces a fully-reserved, Euro-backed stablecoin. Euro Coin will initially launch on the Ethereum blockchain starting on June 30.

Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), today announced that it is preparing to issue a fully-reserved, euro-pegged stablecoin from the United States called Euro Coin (EUROC). „Available June 30, Euro Coin is a regulated, euro-backed stablecoin issued under the same full-reserve model and built on the same pillars of trust, transparency, and security that have made USDC one of the world’s most trusted digital […]