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India’s central bank has clarified its crypto stance, Tencent is looking to invest in “emerging technologies” including blockchain and Facebook’s digital wallet subsidiary announced a rebranding and new details.
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Libra’s New Face
A statement announcing the rebranding of Facebook subsidiary Calibra to Novi also reveals details of the anticipated wallet product. The Novi wallet will operate as a standalone app, as well as provide interoperability with Facebook’s social messaging apps Messenger and WhatsApp, to make transactions as “easy as sending a message.” Novi customers will need to be verified using a government-issued ID. The wallet will initially be rolled out to a limited number of countries, though the release date still remains unclear.
‘No Such Prohibitions’
India’s central bank has clarified the nation’s new crypto policy, months after the Indian Supreme Court lifted restrictions on banking crypto clients. Commercial banks can indeed provide banking services to traders and firms dealing in cryptocurrencies. “As on date, no such prohibition exists,” the Reserve Bank of India said on May 22. The statement came in response to a query filed by BV Harish, co-founder of the cryptocurrency exchange Unocoin.
More than 100 addresses Craig Wright – the self-proclaimed inventor of Bitcoin currently being sued for half of his supposed multi-billion dollar stash of the cryptocurrency – claimed to be his were used to sign a message calling Wright a “fraud” and making it plain that he does not in fact own or control them. The Bitcoin addresses were inadvertently entered into the public record in the ongoing…