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#CryptoCorner: India's NPCI Considers Blockchain, New French Law Allows Crypto Investment for Life Insurance Providers, IMF and World Bank Launch "Learning Coin"

 

Point Roberts, WA and Delta, BC - April 12, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

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#CryptoCorner: India's NPCI Considers Blockchain, New French Law Allows Crypto Investment for Life Insurance Providers, IMF and World Bank Launch "Learning Coin"

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Business Today reports that the National Payments Corporation of India (NPCI) is considering blockchain implementation to improve digital transactions. The NPCI is described as "an umbrella organisation for all retail payments in India" and was "set up with the guidance and support of the Reserve Bank of India and the Indian Banks Association (IBA)". Quoted in the article is Innefu Labs Co-Founder Tarun Wig, who commented on the usefulness of distributed ledger technology:

"Blockchain stores information about transactions between users in a way that can be tracked by any user for forever for maximum transparency. This gives visibility which can lead to greater efficiency by automating or confirming transactions and increasing liquidity in the supply chain."

A newly-passed law in France known as the Pacte Law allows life insurance providers to invest in cryptocurrencies, according to a report from FXStreet. A duel provision of the law allows insurers to invest in cryptoassets through specialized professional funds. Notably, the Pacte Law places no limitation on the amount of investment.

The International Monetary Fund (IMF) and the World Bank have launched Learning Coin, an educational cryptocurrency that helps users understand blockchain technology, according to CoinDesk. The coin, which will have no monetary value, is launched in tandem with a Learning Coin app that allows the sharing of multimedia content between users. First reported in the Financial Times, the IMF said:

"The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it. This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology."

Cointelegraph reports that Japanese fintech firm Money Forward Inc. has suspended plans to launch a cryptocurrency exchange in response to bear market conditions. Money Forward Inc.'s board said:

"The virtual currency market has cooled rapidly and the downside risk of profitability has been increased by continuing the business."

Sam Mowers, Investorideas

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