FxWirePro: BTC/USD holds above 200-DMA, decisive break above 20-DMA to see further upside Cryptocurrency companies team up to launch self-regulatory body ‘CryptoUK’ FxWirePro: BTC/USD runs into resistance at 4h 200-SMA, bias higher, good to go long on dips FxWirePro: ETH/USD breaches trend line resistance, eyes 1000, stay long South Korea unlikely to impose a complete ban on cryptocurrencies Coinsource installs bitcoin ATMs in New England Canadian Securities Exchange announces blockchain-based securities clearing and settlement platform South African Reserve Bank to trial JPMorgan’s DLT ‘Quorum’ US CFTC cautions customers against cryptocurrency pump-and-dump schemes Western Union trials Ripple’s blockchain technology – Report ABN AMRO announces blockchain-based alternative for escrow accounts FxWirePro: LTC/USD consolidates break above 4H 200-SMA, good to go long on dips India’s SBI Card likely to ban credit card use for cryptocurrency purchases No decision yet on merging with other industry groups for self-regulating body- Japan Cryptocurrency Business Association FxWirePro: BTC/USD breaches 20-DMA resistance, jump till 10270 likely Azerbaijan’s Ministry of Taxes to explore blockchain potential OpenPort joins Blockchain in Transport Alliance Montserrat Premier and Minister of Finance Donaldson Romeo has inked a memorandum of understanding (MOU) with the Barbados based blockchain startup Bitt to create a digital payments ecosystem. According to an announcement posted on Facebook, the agreement has an initial period of three years and provides a framework for Bitt to collaborate with the government and other domestic stakeholders, such as the private sector, commercial banks, and the Eastern Caribbean Central Bank (ECCB).

They will work towards developing a pilot programme, which includes a feasibility study to test the viability and functionality of Digital Eastern Caribbean Dollars (DXCD) in the financial ecosystem of Montserrat. The feasibility study in the pilot programme will also facilitate proof of concept experimentation and will use a phased approach within controlled environments to deploy, test and assess the effectiveness of suggested implementations.“The decision to move closer to a cashless society is in keeping with our overall development strategy, and also that of the ECCB,” explained Premier Romeo.

“The use of cash, as we all know, has risks and costs associated with it. It costs money to print money, and saving in cash ‘under the mattress’ and walking around with cash can be risky.

The need for cash or for everyday transactions like purchases, or sending money locally to your loved ones, would be eliminated, as you would be able to use Bitt’s mMoney mobile wallet for free peer-to-peer transfers of money using your smartphone, tablet or computer.” Once implemented, the digital payments ecosystem will include a number of free services, according to the announcement.

Bitt’s mMoney mobile wallet users would be able to send money to loved ones locally or within the ECCU as well as make payments for goods and services for free. In addition, consumers would be able to add funds to their mMoney wallet at any of the Digital Wallet Merchants for free, and make local payments for free. Read more from econotimes.com…

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