How Blockchain Solutions Might Help You Win Over Generation Z

Venezuela is the first ever nation to have its own national cryptocurrency, but Cambodia is aiming to become the second. The Association of Southeast Asian Nations member (ASEAN) may follow in Venezuela’s steps or improve upon the development process, but either way Cambodia is on the verge of bringing its citizens to blockchain at an unprecedented level.

While Baby Boomers, Generation X, and Millennials explore blockchain possibilities, Generation Z will be the first ever generation in Southeast Asia to actually grow up with the technology should Cambodia successfully implement its national cryptocurrency into daily life. Members of Gen Z throughout the rest of the world may not have this kind of omnipresent opportunity, but blockchain will still certainly pique their curiosity—which means that it may be the perfect solution to draw Gen Z to your business.

Blockchain regulatory view from within China –

Huo Xuewen, director of Beijing Municipal Bureau of Financial Work has fired 9 acute questions toward Bitcoin, blockchain and ICO in a Fintech meetup recently. He tried to explore the fundamentals and values of this technology.

Mr. Huo said that now that investors care only for making profits in ICO and nobody cares about the values behind this innovative mechanism. And since most of the trades of cryptocurrency rely on centralized exchanges, the digital assets are still threatened by traditional risks.

Tiny Towns, Small States Bet on Bitcoin Even as Some Shun Its Miners

Things have been kind of crazy in Massena, New York, since the bitcoin miners came to town. So crazy that Steve O’Shaughnessy, the new town supervisor, says he hasn’t unpacked his office since he started his job in January.

O’Shaughnessy says it’s a good thing, though. In the past decade, his town of about 13,000 on the St. Lawrence River has lost much of its main industry — as a powertrain plant closed and an aluminum manufacturing plant downsized. But now, one and possibly two bitcoin mining companies are moving in, and they have promised to create dozens of jobs.

Twitter’s Jack Dorsey​: Why Bitcoin will become the world’s dominant currency

There are a few things that Jack Dorsey is happy to talk about, and several that he is not. One of Silicon Valley’s most high-profile entrepreneurs, the 41-year-old founder and chief executive of both the microblogging service Twitter and the payments company Square is not one for personal chit chat. Perhaps running two companies does not give him the time.

At a public event in London earlier this month, Dorsey was asked a series of quick-fire, light-hearted questions by his interlocutor. “Savoury or sweet?” – that sort of thing. Nothing controversial, but Dorsey declines to be put on the spot.

“Both,” Dorsey says in response to the question about his culinary tastes. The interviewer tries again: “Cats or dogs?” Once again, Dorsey responds “both”, before eventually saying that he keeps chinchillas.

Despite Bitcoin’s volatility, these companies say it’s the way to go

Danny Govberg, CEO of WatchBox, which claims to be the world’s leading e-commerce platform for pre-owned luxury watches, says that when it comes to cryptocurrency, “I just have a hunch that it’s not going away.” WatchBox has accepted Bitcoin payments since 2014.

“If I’m wrong, okay, so I got educated in an entire structure of cryptocurrency and blockchain,” says Govberg. “If I’m right, then I got educated early on, and was able to adopt it early on.”

For luxury-good companies, Bitcoin transactions are a tool in the toolbox for easing expensive international sales. “When they [international customers] wire us the money and our bank has to convert the money into different currencies, it’s not easy,” Govberg says. “If somebody in the future is in Germany and they want to pay in Bitcoin, they’ll be able to transact that business within a matter of seconds. It’ll come with the blockchain warranty and our bill of sale, everything that customer’s looking for.”

Australia Introduces New Rules For Cryptocurrency Exchanges

“The Australian approach treats exchanges more or less as money services business, in-line with many other jurisdictions in the world. Cryptocurrency exchanges, like fiat currency exchanges, are deputized to help law enforcement identify money launderers. They have a risk-based approach for transaction reports under the standard $10k threshold, and automatic reports for transactions above $10k. So, standard practice for most currency exchanges. The aspect that is important to monitor going forward will be the performance of the agency the cryptocurrency exchanges report to, AUSTRAC. This agency will now have even more information and data to track, store, and secure. Agencies like them around the world — FinCEN in America for example — already have poor track records when it comes to prosecutions based on the data they gather. With the cryptographic sophistication and global, borderless infrastructure around cryptocurrency trading, we’ll have to wait and see if this is just more agencies gathering more data that serves no purpose other than to provide a talking point that they are ‘doing something’ to fight terrorism financing and money laundering.”