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He explained that is accomplished via the fact that "transaction-related data is encrypted for storage," "entities and individuals are prohibited from arbitrary inquiry or information usage without rigorous legal authorization" and that China's central bank keeps "small-amount soft wallets and hard wallets to meet the need for small-value anonymous transactions,
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The Reserve Bank of India will begin its wholesale e-rupee pilot project on Nov. 1 with a focus on settlement of secondary market transactions in government securities. Original Source
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Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has said. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar dropping to a new low of N781:$1. Redesigning Currency a
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The rules, which were published on Wednesday, come after a turbulent year for crypto markets. The downturn is particularly frustrating for Singapore regulators, as a number of collapsed multi-billion dollar crypto enterprises like stablecoin issuer Terraform Labs and crypto hedge fund Three Arrows Capital have ties to the country. The
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The Balance of Payments section of the program, under the sub-heading of Policies and Measures, stated that a “blockchain-based central bank digital currency will be put into practice.” The responsible institution is Turkey’s central bank, with the cooperation of the local Ministry of Finance and Scientific and Technological Research Institution. Source
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Place/Date: Kuwait - October 24th, 2022 at 5:01 pm UTC · 5 min read Contact: Verna, Source: GM Events Photo: GM EventsUnder the sponsorship of the Central Agency for Information Technology (CAIT), the Kuwait Digital Transformation Conference takes place from the 2nd to
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Those projects often assume banks or other payment companies would intermediate the service. Crucially, Aurum also tested out a system where regular shoppers don't get their hands directly on CBDC, but instead use private stablecoins – in the same way modern-day card payments use commercial bank money backed up by
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“We live in an inherently uncertain world,” said Wilkins, previously at the Canadian central bank. “There can never be a set of smart contracts for every situation, and centralized decision making will always be needed when the unexpected happens.” Source
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Last week, the Financial Stability Oversight Council (FSOC), of which Yellen is a member along with Federal Reserve Board Chair Jerome Powell, among others, published a report asking Congress to step in to provide guidance on what should be the limits of securities regulation. Original Source
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Blockchain.com becomes the second crypto exchange in two days to
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