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Turkey’s state-sponsored outlet Resmi Gazete, which regularly announces details of new legislation and publishes official announcements of the Turkish government, released a document detailing the progress of the digital Lira.The document was published early this week and affirms that the initial trials of the new digital currency would be conducted
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At an annual conference in Orlando, Microsoft announced that it would be launching a platform that would effectively enable enterprises to create their own digital tokens for use. The platform is called Azure Blockchain Tokens and is available for preview.Microsoft has been one of the few giant companies to adopt
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As the development of blockchain technology and cryptocurrency around the globe increases, more nations have already started recognizing their use, and shifting and renewing their laws accordingly to suit the new world of digital transactions.The department of Her Majesty’s Revenue and Customs in the United Kingdom has also made alterations
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73% of leading global banks have claimed that central bank digital currencies (CBDC) should be available “under all circumstances” in a new study.“CBDC will substitute much more easily for cash”According to a joint report conducted by tech giant IBM and the Official Monetary and Financial Institutions Forum (OMFIF), global
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Full Podcast HERE or watch LIVESTREAM Below – Big Thanks to AydenTrading for this The post Brad Garlinghouse Interview on Fintech Beat | XRP The Bridge Currency… appeared first on Ripple XRP Daily News. Source
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The president of the European think tank, the Centre for Economic Policy Research (CEPR), told CNBC that although Facebook’s forthcoming digital currency Libra has not been approved yet, it could spark the creation of another global virtual currency.Since it was announced, Libra has faced a lot of criticism from multiple
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An executive at a Chinese economics think tank has said that China’s central bank will be the first to launch a digital currency successfully.According to Chinese tech news outlet Pandaily, Huang Qifan, vice chairman of China Center for International Economic Exchanges (CCIEE), confidently believes that China’s central bank will
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China’s rapid embrace of blockchain, more precisely its Yuan backed crypto is huge news in circles such as congress, finance and the Whitehouse itself. First off we start with China’s new law aimed at developing blockchains increasing role as a replacement for Fiat currency active 1st Jan 2020. According to the Chinese
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The Central Bank of the Bahamas (CBOB) is planning to release its own fiat digital currency in order to ensure economies’ resilience in the event of a natural disaster.CBOB governor John Rolle made the statement during his speech at the Counsellors Limited’s Exuma Business Outlook at Sandals Emerald Bay,
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Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Financial Services Committee today regarding the Libra stablecoin project.Facebook’s Libra vs. China’s digital renminbiDuring the much-anticipated hearings before Congress on Oct. 23, lawmakers and the CEO discussed the growing competition with China on the economic and geopolitical
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