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Facebook creates financial unit for digital payments

SAN FRANCISCO: Facebook has created a new unit devoted to financial services for payment systems on its platform. The new group, called Facebook Financial, will be headed by e-commerce veteran David Marcus, who was a president at PayPal before joining

China passes cryptography law for digital currency

BEIJING: China’s parliament has passed a new law on cryptography as the country gears up to launch its own digital currency.. China’s central bank set up a research team in 2014 to explore launching its own digital currency to cut