Financial

Former Mastercard CEO Gilles Novel joins mx51

Former Mastercard CEO and payments industry veteran Gilles Novel has joined mx51 as the company’s new director of product. Novel brings more than two decades of experience in the payments industry to this role, most recently serving as Vice President/Head of Acceptance at Mastercard. Prior to that, Novel held senior payments roles at Verifone, Optus …

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Why This Financial Giant Thinks Bitcoin Is Different From Any Other Crypto

Last January, Fidelity released a report on why “investors must consider Bitcoin (BTC -0.48%) separate from other digital assets.” In the report, Fidelity highlighted various qualities that Bitcoin possesses that not only make it more desirable as a store of value, but also inherently more decentralized and secure than other cryptocurrencies. And after the year …

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India’s central bank chief warns cryptocurrencies will cause next financial crisis if allowed to grow • TechCrunch

India’s central bank governor said on Wednesday that he is not at war with cryptocurrencies, but argued that cryptocurrencies have no fundamental basis and their use should be banned. RBI Governor Shaktikanta Das told a room full of banking executives and lawmakers that cryptocurrencies have a huge inherent risk to the nation’s macroeconomics and stability. …

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The new chairman of the Financial Services Committee wants to delay crypto tax changes

The new chairman of the US House Financial Services Committee, Patrick McHenry, wants the Treasury Department to delay implementation of the portion of the Infrastructure Investment and Jobs Act that deals with digital assets and tax collection. On Dec. 14, McHenry sent a letter to U.S. Treasury Secretary Janet Yellen with questions and concerns about …

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