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Lipsky, who previously served as an adviser at the International Monetary Fund (IMF), said those investigating the use of a CBDC includes South Korea, Japan and India, in addition to China, which currently leads the way in pilot testing efforts. China is said to have about 250 million registered digital
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Nearly 60% of the electricity used to power Bitcoin mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC).In its Q2 review of the Bitcoin network released on July 19, the BMC found that the global Bitcoin mining industry's use of
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As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight Council (FSOC) hasn’t gathered
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The rapidly evolving technology, which often spreads across multiple jurisdictions, poses a challenge for regulators, the report said, calling for enhanced regulation and supervision and better coordination among national agencies. A study due later this year will examine cryptocurrency laundering trends, it said. Original Source
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A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association that will work with policymakers to advance Canada’s position at the forefront of the global digital economy. Bringing together exchange platforms, blockchain projects and tech investors, the association will work to advance blockchain-related policies that
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The Council’s initial members are: Aquanow, Axiom Zen, Chainsafe Systems, NBA Top Shot maker Dapper Labs, Ether Capital, ETHGlobal, Figment, Cosmos developer Informal Systems, Ledn, Wealthsimple and WonderFi Technologies. Additional members are actively being sought, according to the statement. Source
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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to John deVadoss, the head of development at Neo — an open-source blockchain development platform —
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A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to its participating organizations that help improve payment data security worldwide.Scallop, a regulated DeFi banking app recently announced its entry to the PCI Security Standards Council (PCI SSC), a global
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The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation.In a Thursday announcement, the CCI said that effective as of this week Gemini has joined Coinbase, Block, Fidelity Digital Assets, Paradigm, and others in
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PayPal has formed an advisory council to support crypto-related products and help guide the company on creating a digital financial system, Jose Fernandez da Ponte, a senior vice president for blockchain, crypto and digital currencies at PayPal, said. Source
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