As a first step, cryptocurrency providers in Australia will have to register themselves with AUSTRAC and comply with KYC norms. On Wednesday, in a move aimed minimizing the risks surrounding cryptocurrencies, Australia has brought the country’s cryptocurrency providers under the purview of its financial intelligence unit, so as to monitor and take necessary action against…
Analysts are asking whether the rise and spread of the popularity and price of Bitcoin is equivalent to the spread of an infectious disease. A model that takes cues from the world of epidemiology was used to explain the pricing model for the crypto currency was developed by the analysts at Barclays Plc and noted…
It seems that life is pretty good in Australia. The country’s GDP rate is growing slowly but steadily, and The World Happiness Report ranked Australia tenth in the list of the happiest nations. Also, Australia comes seventh in the ranking of the most cashless countries in the world, behind only Canada, Sweden, the UK, France,…
Apple has reached a major milestone with this achievement. The next step is to encourage suppliers to follow suit. Apple has stated, it has achieved its goal of powering all of the company’s facilities, including data centers, retail stores and offices in 43 countries, with renewable energy. Many big U.S. companies, including Alphabet, Apple and…
A ruling by the Court of Justice of the European Union (ECJ) has stripped Uber of its protections against undue national regulation that digital services enjoy in the Eurozone, under EU law. On Tuesday, in yet another setback to Silicon Valley startup, Uber Technologies Inc, a top EU court ruled that France is entitled to…
Verifone Systems is a point-of-sale device maker. The development comes midst an increase in consumer spending vide credit cards. Francisco Partners will take Verifone Systems Inc, a payments technology firm, private for $2.58 billion in cash. With the news reaching the market, shares of Verifone Systems, which makes point-of-sale payment devices, surged by 52% in…
Mick Mulvaney, U.S. President Donald Trump’s pick to lead the CFPB intends to invalidate the payday rule asap. In a significant development, a leading trade group for small-dollar lenders has asked a federal court to block rules that are meant to shield consumers from predatory loans. As per rules issued in November 2017 by the…
American products such as cranberries, orange juice, whiskey and tobacco were targeted by the European Union leaders after the United States imposed tariff on steel and aluminum and the EU was trying to avoid the tariffs earlier this year. And the list of 106 U.S. products that was taken out by China as a retaliatory…
The demand which incidentally underscores the wide gap between Viacom’s price expectations and CBS Corp’s offer price indicates that both companies have made little progress in talks. The synergies however have potential since it would position the combined company to better leverage its asset swhile negotiating with U.S. cable and satellite companies. As per sources…
Although tech companies are on the same page as the Trump Administration on it’s findings on the Section 301 investigation, it is of the view that the current strategy is not sustainable and results could be better achieved through an international coalition that challenges China at the World Trade Organization. On Monday, a trade group…
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