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Paypal Pullout Prompts Pornhub to Add Tether as Payment Option for Its Adult Models
24.1.2020
The porn industry is seen by many as a perfect fit for widespread cryptocurrency usage as it suffers from financial censorship far more than most businesses. When Paypal stopped servicing Pornhub models, the company hinted it might turn to digital currency as an alternative and now this has been...
MIT Research Group Calls Crypto a Testing Ground for a Central Bank Digital Asset
23.1.2020
The crypto space is a test tube of experimentation which may pave the way for a digital fiat asset, MIT’s crypto research group said
Facebook’s Libra Pushed World to Reconsider USD as Global Reserve Currency: WEF
23.1.2020
Global officials and economists at the WEF voice the fact that Facebook’s Libra pushed the world to start reconsidering the U.S. dollar as anchor currency
Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”
23.1.2020
Calibra’s David Marcus explained at WEF what is the primary purpose of digital currencies
Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing
23.1.2020
India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest...
World Economic Forum Debuts Framework for Central Bank Digital Currency
23.1.2020
The World Economic Forum together with major central banks and financial institutions has released a toolkit for policymakers regarding central bank digital currencies
Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
23.1.2020
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail...
Davos: Giancarlo’s Digital Dollar Project Will Focus on Benefits of a US CBDC
22.1.2020
Ex-CFTC chairman J. Christopher Giancarlo confirms in Davos that the Digital Dollar project will focus on a U.S. central bank digital currency
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...