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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far

8.10.2020
China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. In addition, more than 122,000 digital wallets have been created....

‘It’s Something We’re Studying’: Deputy Treasury Secretary Discusses US CBDC Plans

7.10.2020
“It’s something we’re studying … this is really a decision which sits as much with the Fed as it does with Treasury,” said Deputy Secretary Justin Muzinich

Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400

23.8.2020
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including...

Power Plants in Iran Are Authorized to Mine Bitcoin

29.7.2020
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary...

South Korean Crypto Tax Reports, Canada's CBDC + More News

17.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news South Korea’s deputy prime minister and finance ministry chief Hong Nam-ki has confirmed the reports about...

IMF Deputy Managing Director Tao Zhang on CBDC Benefits and Risks

12.4.2020
Below is a keynote address on central bank digital currency by Tao Zhang, Deputy Managing Director at the International Monetary Fund. London School of Economics, February 28, 2020. ___ Tao Zhang. It’s a real pleasure for me to be here for this conference on China’s Trade and Financial...

Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor

1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...

Bank of Canada Won’t Issue Its Own Crypto Unless Libra Succeeds: Deputy Governor

25.2.2020
The Bank of Canada does not see the need to create a central bank digital currency unless a competitor – like Libra – starts dethroning the existing fiat

US Government Worried Crypto Can Shift Power to Private Sector

28.11.2019
Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...