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PayPal applies blockchain, FATF gives advice, Bitcoin

12/11/2018
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  • FATF_cryptocurrency
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PayPal uses the blockchain for employee incentives, the FATF has issued recommendations for Britain. Bitcoin volatility index is at its maximum.

PayPal launches internal blockchain

PayPal will use the blockchain to promote its employees. For this purpose, a system has been created where each of them will store their tokens. They can be obtained for participating in innovative developments, or for advancing ideas to promote business.

These tokens cannot be exchanged for fiat or digital money, they allow you to receive a reward of an intangible nature. More than 100 types of incentives are offered, including a game of poker with a vice president of the company, even a walk with a financial director. In this way, PayPal seeks not only to motivate its employees, but also to show a positive attitude towards the blockchain as a whole.

PayPal launches internal blockchain

FATF Recommendations for Britain

The British authorities received recommendations from the Anti-Money Laundering Group on new ways to regulate the work of cryptoexchanges. The list consists of 7 priority measures. Their execution will make the work of financial organizations more transparent.

The need for the appearance of these recommendations is caused by the brexit procedure. It is not clear how exactly the financial area of the UK will be regulated after a break in economic ties. However, the FATF does not yet have a clear set of rules for regulating the cryptocurrency market. They are expected to be developed by mid-2019. At the G20 meeting, it was this organization that was instructed to create new rules and norms for the turnover of digital assets.

More FATF's recommendation

FATF Recommendations for Britain

Bitcoin volatility index grows

The volatility of the BTC / USD pair exceeded 5%, which is more than three times higher than the previous month. Although the cryptocurrency rate is falling, a significant part of investors show interest in buying this asset. They are confident that the quotes are close to the minimum value and hope for growth.

With long-term investment, the current rate of Bitcoin can be very profitable. Although some experts say that the price of cryptocurrency has not yet reached its minimum value, few people allow the disappearance of cryptocurrency as a financial asset. Too many commercial organizations have linked their activities with Bitcoin and Altcoins.

Bitcoin volatility index grows

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