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The team, led by central bank board member Alberto Naudon, also plans to generate a medium-term strategy for digital payments in Chile. It will analyze private digital means of payment and crypto assets, retail payments and payment infrastructures, among other topics. Source
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explained that there is not enough investor protection in cryptocurrency. He added that the securities regulator needs more funding and manpower to effectively regulate the crypto sector. SEC Chair Gensler Says More Funding Needed to Regulate Crypto Space SEC Chairman
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Ethereum has been on a rally for the past week, moving from a two-month low at $1,700 to its current level at $3,223. Several factors have pushed the crypto market into a new rally, but most seem to gravitate around ETH and its ecosystem. ETH moves sideways into the weekend on
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The monetary revolution will be digitized … but for the vast majority of earthlings likely not anytime soon, according to central bank digital currency (CBDC) research published Wednesday by the Bank for International Settlements (BIS).To get there, though, 86% of the central banks surveyed in BIS’ third annual CBDC questionnaire
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Emerge DeFi is a platform focusing on delivering suites of services for clients interested in launching quality projects without the shoddiness often used to describe DeFi token issuance and distributionOne of the key takeaways from 2020 is that DeFi is as potent as it is uncertain. There is no doubt
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The draft law was announced in October and local media reported the law was passed by the nation’s legislators in late November. The “Digital Asset Law” officially went into effect Tuesday following its publication in the official gazette, and will be applied six months from now. Under the new specifications, digital
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The Bank of Japan stated that it would start conducting research in the following financial year on how to develop and operate its CBCD.A local government official in Japan has said that the country needs to rapidly amend its central bank laws to allow the Bank of Japan (BOJ) to
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The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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Russia’s central bank is considering putting mortgage records on Masterchain – a government-backed distribute ledger project now in testing with leading banks. Speaking during an online meeting with the country’s parliament, the State Duma, the Bank of Russia’s first deputy chief, Olga Skorobogatove, said a previously launched trial on a decentralized
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The imminent launch of Ethereum 2.0 has long drawn the attention of cryptocurrency investors.Many investors have speculated that the blockchain’s transition to a Proof-of-Stake (PoS) consensus system will help onboard new investors due to its steaking incentives.It is also widely anticipated that the 2.0 version of the blockchain will help
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