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China shuts down crypto mining in Anhui province
14.7.2021
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations
Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill
13.7.2021
Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With...
OK Group to help China combat money laundering with blockchain
13.7.2021
OK Group will start working with Chinese authorities to combat money laundering using distributed ledger technology
Former Bitmain CEO Jihan Wu: Regulatory crackdown may be good for crypto
13.7.2021
Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as "a hub for crypto innovations."
Australian government awards $4M in grants to two blockchain startups
13.7.2021
The new investment aims to explore blockchain’s capability to expand the competitiveness of Australia’s critical minerals and food and beverage industries
UAE to experiment and launch an in-house digital currency
12.7.2021
As a part of the 2023-2026 strategy, CBUAE intends to be among the world's top 10 regulators
California Man Arrested for Using Government’s Covid-19 PPP Loan to Buy Cryptocurrency and Tesla
12.7.2021
The U.S. has arrested a man on criminal charges after he allegedly defrauded the government’s Covid-19 loan programs and used the money to buy cryptocurrency and Tesla. Using PPP Loan to Buy Cryptocurrency and Tesla The U.S. Department of Justice (DOJ) announced Friday that Lebnitz Tran...
China Opens Digital Yuan Whitelist for Ten Million Citizens
10.7.2021
The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible problems in a more broad testing environment. China...
Using Decentralized Digital IDs and Blockchain to Help Millions in Africa Get Identified
9.7.2021
With over 1.3 billion inhabitants, Africa accounts for over 16% of the world’s population. However, the continent still falls short when it comes to providing its residents with legitimate or government-issued identification documents. As some studies have revealed, as many as 400 million...
UK advertising watchdog flags crypto ads ‘red alert’ priority
9.7.2021
The United Kingdom’s Advertising Standards Authority is increasing its capacity to track misleading crypto ads using AI and scraping
France and Singapore pilot cross-border CBDC transactions
8.7.2021
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs
China's central bank worried about stablecoins' risk to financial systems
8.7.2021
While Visa and other major private payments networks see the potential of stablecoins, China's central bank believes they pose serious risks to global financial systems
Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan
7.7.2021
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...
Russian lawmakers prepare legal amendment to confiscate crypto
7.7.2021
Russia’s prosecutor general, Igor Krasnov, says new crypto regulations are needed to combat corruption as — in his view — digital assets are often used to facilitate crime
India’s Finance Minister Says Crypto Bill Ready for Cabinet
6.7.2021
India’s finance minister has provided a status update on the country’s cryptocurrency bill that the government has been working on. “We have done a lot of work on it. We have taken stakeholders’ inputs,” she was quoted as saying. Status of Indian Crypto Bill Indian...
Nigerian Twitter Suspension Has Unintended Effects on Country’s Crypto Community
6.7.2021
On the surface, it looks like Nigeria’s suspension of Twitter operations on June 4 may have been triggered by the microblogging company’s decision to take down a controversial tweet — from President Mohammed Buhari. However, as some observers have noted, the removal of the tweet...
Ukrainian e-bank plans to offer Bitcoin trading in July
5.7.2021
Monobank is seeking approval from the National Bank of Ukraine to launch its Bitcoin debit card later this month
Report: Vietnam's PM asks State Bank to trial digital currency on blockchain
5.7.2021
Vietnamese news outlets have reported that the country's prime minister, Phạm Minh Chính, has tasked the State Bank with studying and conducting a pilot for a digital currency
Japan’s finance industry awaits clearer picture of digital yen in 2022
5.7.2021
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued
Prime Minister of Vietnam Asks Central Bank to Pilot Digital Currency
5.7.2021
Pham Minh Chinh, the prime minister of Vietnam, has asked the country’s central bank to conduct a study of cryptocurrency and pilot the implementation of a blockchain-based currency within the next two years. The efforts are part of the Asian country’s new e-government strategy....