G7 Officials Stress Need to Regulate Digital Currencies: US Treasury
The U.S. Treasury Department issued a statement following a virtual call with other G7 members. Source
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Digital
China’s Latest Digital Currency Trial Is Its Most Important Yet
More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.Our main discussion: Why the newest trial of China’s central bank digital currency is its most important trial yet.In this episode, NLW discusses: Source
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Bit Digital Completes $13.9M Deal for New Mining Machines
The company acquired nearly 18,000 new ASICs in an all-stock transaction. Source
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Consideration phase for digital euro to go well into 2021, says ECB exec
Financial authorities in Europe could form an investigation plan for a digital euro as early as next year, according to an executive at the European Central Bank.Holger Neuhaus, head of market innovation and integration division at the ECB, joined the Singapore FinTech Festival 2020 on Dec. 7 to discuss the
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LayerX will develop blockchain-based voting system using digital ID verification in Japan
Japanese firm Layer X will be partnering with a digital identity application called xID to build a blockchain-based voting system in the Japanese city of Kaga.In a Thursday announcement from LayerX, the Tokyo-based company said it will be developing the electronic voting project in an effort to promote safe and
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Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments
Hong Kong Monetary Authority (HKMA), the city’s central banking institution, said it is working with the People’s Bank of China (PBOC) to test digital yuan use cases. PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY for making cross-border payments while making the corresponding
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Russia’s Crypto Community Fears Digital Ruble Plan Means ‘Back to USSR’
The Russian cryptocurrency and blockchain association known as RAKIB warned the country’s central bank against making its future central bank digital currency too centralized. RAKIB sent a letter to Bank of Russia Chairwoman Elvira Nabiullina saying the potential design for the “digital ruble” favored by the regulator will return
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JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery
Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency. Source
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Citigroup Helping World Governments Build Digital Currencies, CEO Says
Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital currencies, or CBDC.Speaking to David Rubenstein at a Friday Bloomberg event, Corbat made clear CBDCs are an “inevitable” development in the future of money. Citigroup,
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Jack Ma’s Ant Group, 3 Other Digital Banks Get OK to Operate in Singapore
The approved digital banks will be able to start operating from Singapore in early 2022. Source
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