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Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments
22.1.2020
Hong Kong and Thailand’s central banks have piloted a Corda-based CBDC project for cross-border payments
Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today
22.1.2020
India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still...
Six Central Banks Form Alliance to Pursue Research on Digital Currency
22.1.2020
Six leading banks belonging to the Central Bank group have formed an alliance to work together to assess the potential for central bank digital currency (CBDC) in their respective jurisdictions. These banks include the Bank of England, Bank of Canada, Bank of Japan, European Central Bank, Sveriges...
6 Central Banks Form Digital Currency Use Case Working Group
21.1.2020
The working group will pool research into CBDCs
RBI Confirms Crypto Not Banned in India
21.1.2020
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in...
Six Major Central Banks to Collaborate on Digital Currency Research
21.1.2020
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland and the Bank for International Settlements created a CBDC research group
Indian Minister Inaugurates Blockchain Center of Excellence in Bengaluru
21.1.2020
A Centre of Excellence in Blockchain Technology has been inaugurated by Indian Union Minister Ravi Shankar Prasad in Bengaluru. It will facilitate various government departments in their blockchain work, leading to large scale deployment of blockchain applications. Also read: Regulatory Roundup:...
Maduro Opens Crypto Casino in Venezuela
20.1.2020
Venezuela’s President Nicolas Maduro has authorized the opening of a casino at a luxury hotel in Caracas where bets must be placed in petros, the country’s national oil-backed digital currency. Several cryptocurrencies and fiat currencies can be exchanged into petros to wager in...
Chinese Blockchain-Based Mobile Payment Revolution: How Is the Biggest CO2 Polluter Becoming Leading World Solar Panels Producer
20.1.2020
China leads the blockchain-based mobile digital payment revolution, expert take
New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by Government
19.1.2020
A bill has been introduced in the U.S. state of Oklahoma to establish a new type of state-chartered financial institution that will be “the central depository for virtual currency used by governmental agencies in this state.” The new establishment aims to provide financial and technical...
Malaysia Announces Digital Asset Guidelines
19.1.2020
The Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the commission. The guidelines also detail the obligations...
Crypto Experts Join OECD ‘High Level’ Advisory Board
19.1.2020
The Organisation for Economic Cooperation and Development, an intergovernmental body with 36 member countries, has formed “a high-level expert group” which includes executives from the crypto industry. They will provide advice in helping develop international blockchain policy...
Crypto Employment Abounds With More Than 8,000 Jobs in 2020
18.1.2020
During the last year, the cryptoconomy has picked up pace after a drawn out crypto winter. When market prices were low and startups were short on capital, a bunch of firms laid off employees in 2018. A year later, and digital currency companies are hiring. Also read: Regulatory Roundup: EU-Wide...
FATF Holds Global Forum to Discuss Crypto Supervision
18.1.2020
The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that...
Crypto vs RBI: 3 Days of Intense Supreme Court Hearings
18.1.2020
India’s supreme court heard the crypto case in detail over three consecutive days this week. In addition to intense arguments against the central bank having the power to ban crypto, the judges learned how other countries regulate this new sector, the amended EU directive, the FATF guidance...
Simple Ledger Protocol Shines During the Final Day of TNABC Miami
18.1.2020
On Friday, The North American Bitcoin Conference (TNABC) convened for its final day with a great deal of well known speakers from the blockchain and cryptocurrency industry. The slew of speakers discussed topics like the future of crypto mining, SLP tokens, digital currency enterprise solutions...
Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax
17.1.2020
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply...
Ex-CFTC Chairman to Promote Blockchain-Based USD in New Think Tank
16.1.2020
Former CFTC chairman aka “Crypto Dad” J. Christopher Giancarlo launches a think tank to promote the idea of digitizing the U.S. dollar
Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans
16.1.2020
U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans...
Gavin Andresen Speaks About Ethereum’s Tornado and Wallet Privacy
15.1.2020
Over the last couple of years. the former lead maintainer of the Bitcoin Core (BTC) repository Gavin Andresen has been quiet in regards to the crypto ecosystem. Andresen hasn’t been developing any projects and once in a while makes a comment or two about the digital currency industry....