Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report

Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities, and won’t affect regulated financial institutions or other entities transacting for humanitarian aid purposes.

The average Malaysian household spends $1,900 per month

Abdul Rasheed, the deputy governor in question who works for Bank Negara Malaysia (BNM), claimed that the measures will apply to all transactions involving physical cash, including payments for goods and services, <a href="https://www.thestar.com.my/business/business-news/2019/11/07/malaysia-to-impose-cash-transaction-limit-of-rm25000-next-year&quot; rel

XRP Accounts for Over 50% Of All Crypto Transactions in Last 24 Hours

The number of daily XRP transactions is going through the roof, nearing an all-time high of 1.70 million.

Daily transactions boom to 1.6 million 

According to the crypto data tracker BitInfoCharts, XRP’s daily transactions now account for more than 50% of all the cryptocurrency transactions during the last 24 hours. Ether (ETH) comes in second, while Bitcoin (BTC) and Bitcoin SV (<a href="https://cointelegraph.com/bsv-price

Deutsche Boerse, Commerzbank Settle Tokenized Securities Using DLT

German securities marketplace Deutsche Boerse and Commerzbank have completed a joint pilot transaction settlement of post-trade securities using digital tokens and distributed ledger technology (DLT).

Tokens generated from both commercial bank money and securities 

While the transaction also involved major German asset manager MEAG, which operates under Munich Re-owned ERGO Group, one of the largest German insurance companies, Deutsche Boerse officially announced on Oct. 23. Meanwhile, the unde

6 Monitoring Websites That Help Track Bitcoin Cash Data

6 Monitoring Websites That Help Track Bitcoin Cash Data

When it comes to cryptocurrency networks and markets, there’s a lot to keep track of. Thankfully there’s also now a bunch of dedicated bitcoin cash (BCH) data websites that provide easy to comprehend visual representations of network statistics and market indicators.

Also read: Slovenia Has the Most BCH-Accepting Physical Locations Worldwide

Monitoring BCH Network St

Hedera Hashgraph — Deep Look Into 10,000 Transactions Per Second Claim

Hedera Hashgraph, a decentralized public network targeting enterprises and claims to be capable of processing 10,000 cryptocurrency transactions per second (TPS), has publicly launched its beta mainnet this Monday.

Despite the project’s governing council attracting membership from major multinational corporations — including IBM and reportedly Boeing — some analysts are expressing skepticism regarding Hedera’s repr

Wells Fargo to Pilot DLT-Based Cross-Border Settlement Platform

American financial services company Wells Fargo & Company is planning to launch a pilot of a distributed ledger technology (DLT)-based internal settlement service in 2020.

In a Sept. 17 press release, Wells Fargo described a DLT-based platform designed to perform internal book transfers of international payments within its global network using digitized ca

Bitcoin Cash-Powered File Storage Concept Sparks Interest and Debate

Bitcoin Cash-Powered File Storage Concept Sparks Interest and Debate

Bitcoin Cash (BCH) proponents were introduced to a new project called the Cashweb protocol on Friday. The blockchain file sharing scheme allows people to store and load arbitrary data to the BCH chain. While the new protocol still has “a long way to go,” the developer decided to share his creation with the BCH community and show off the protocol’s possibilities. Even though a few peop

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