#CryptoCorner: Samsung May be Working with #Crypto Startup GatePay, WEF Reveals CBDC Framework, Grayscale Investments (OTC: $GBTC) Becomes Reporting Company for SEC
#CryptoCorner: Samsung
May be Working with #Crypto Startup GatePay, WEF Reveals CBDC Framework,
Grayscale Investments (OTC: $GBTC) Becomes Reporting Company for SEC
Point Roberts, WA, Delta BC January 23,
2020 - Investorideas.com, a leader in
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Stocks discussed: (KSE:005930) (OTC:GBTC)
Alexander Drummond,
co-founder of crypto payments startup GatePay, revealed to Cointelegraph during an
interview at the World Economic Forum (WEF) at Davos that the company may be
about to work with electronics giant Samsung (KSE:005930). Specifically,
Drummond said:
“We’re about to partner with the largest or
second-largest payment network in the world. If people have a typical Android
phone, they’re likely already tied into this ecosystem. I can only tell you
that we’re close to announcing a collaboration with Korea’s largest consumer
electronics manufacturer.”
Though he did not
specifically identify Samsung, they are, in fact, “Korea’s largest consumer
electronics manufacturer”.
Also at Davos, the
WEF developed a framework to
help central banks evaluate, design and potentially deploy CBDC, in
collaboration with “over 40 central banks, international organizations,
academic researchers and financial institutions.” Sheila Warren, Head of
Blockchain and Distributed Ledger Technology at the event,
“Given the critical roles central banks play in the
global economy, any central bank digital currency implementation, including
potentially with blockchain technology, will have a profound impact
domestically and internationally. It is imperative that central banks proceed
cautiously, with a rigorous analysis of the opportunities and challenges
posed.”
She went on to say:
“The toolkit can serve as a springboard as central
banks progress with their CBDC investigation and development. The intricacies
of implementing CBDC are complex and the implications are wide‑reaching. As a result, policy‑makers may find themselves in uncharted waters when
attempting to evaluate the potential benefits and trade‑offs.”
Grayscale
Investments, the digital currency asset manager and sponsor of Grayscale
Bitcoin Trust (OTC:GBTC), announced that it is now a
reporting company for the U.S. Securities and Exchanges Commission (SEC).
According to the press release, it is “the first digital currency investment
vehicle to attain the status of an SEC reporting company.”
Crypto exchange Gemini
has completed the System and Organization Controls (SOC) 2 Type 2 examination,
making it “the world’s first crypto exchange and custodian to demonstrate the
highest level of security compliance in the industry,” according to an official
blog
post
today. An excerpt from the blog post reads:
Going forward, we will be completing a SOC 2 Type 2 on
an annual basis. We believe this kind of assurance, in addition to other
safeguards we have implemented, such as digital asset insurance for our hot
wallet and Gemini Custody helps protect our customers data and cryptocurrency
and further our mission to empower the individual through crypto.
Sam
Mowers, Investorideas
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investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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