China News by Thebittimes.Com

In a recent regulatory development, the European Union (EU) has voted to ban cryptocurrency payments to “hosted wallets” using unidentified self-custody crypto wallets. This decision is part of a set of new anti-money laundering laws (AML) in the continent. The majority of the EU Parliament’s lead commission approved the prohibition on March 19, according to Patrick Breyer’s post. Notably, Dr. Breyer is a member of the European Parliament for the Deutsch Piraten Partei and one of the two leaders who opposed this approval. Gunnar Beck was the other Parliament member who voted against it, representing the Alternative for Germany (AfD) party. Picks for you Robert Kiyosaki blasts BTC skeptic Peter Schiff for knowing ‘a lot about a little’ 4 hours ago Finance legend Ray Dalio advises for 3 stages of life 5 hours ago Claude Opus AI predicts SHIB price for the end of 2024 6 hours ago Buy signal for 2 strong cryptocurrencies in April 8 hours ago ...

In a significant development for cross-border payments, Ripple has partnered with Onafriq, a UK-based financial technology company, to expand remittance corridors throughout Africa. This collaboration is poised to streamline transactions between 27 African nations, the United Kingdom, Australia, and the Gulf States. The partnership leverages Ripple’s private network , formerly known as RippleNet. Offering a faster and more cost-effective alternative to the traditional remittance process. Notably, the private network , now called Ripple Payments, aims to solve the usual high fees and slow transaction reality of traditional remittances . By adopting Ripple’s solution, Onafriq will ensure quick and secure transfers, particularly benefitting the African diaspora who regularly send money back home. It is important to say that, despite some already observed speculation in the cryptocurrency market, there are no mentions of the XRP token in this endeavor. Ripple, the company, ...