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DEMAND Launches Bitcoin Mining Pool With Stratum V2, Promises Improved Security and Performance
27.11.2023
DEMAND launches Bitcoin mining pool based on new Stratum V2 technology. Image by Fatih Nizam, Adobe Stock. Bitcoin mining company DEMAND announced today the launch of the world’s first Stratum V2 mining pool, built using the open-source Stratum Reference Implementation (SRI). This new pool...
Indian Finance Minister Shares Progress on Crypto Roadmap Implementation at Virtual G20 Summit
23.11.2023
Source: YouTube / DD India India’s Finance Minister Nirmala Sitharaman shared the latest advancements in the implementation of the crypto regulation roadmap during the virtual G20 Leaders’ Summit yesterday. Emphasizing the formal adoption of the roadmap by the G20, Sitharaman highlighted...
Analysts Fear European Digital Identity Wallet Implementation Might Lead to Mass Surveillance
21.11.2023
A group of analysts and companies have raised their voices against the risks that the upcoming European Digital Identity Wallet implementation might bring to Europeans’ privacy. Article 45 of a leaked Eidas document (Electronic Identification, Authentication, and Trust Services) indicates...
CBDC’s Not Yet Ready for Mainstream, Says Mastercard Expert
17.11.2023
Source: Pixabay / AKuptsova Mastercard’s expert Ashok Venkateswaran has expressed skepticism about the current viability of widespread central bank digital currencies (CBDC), claiming that the broad adoption of CBDC could be “difficult,” according to CNBC. Venkateswaran, Mastercard’s Blockchain...
40+ Countries Implementing International Crypto Reporting Framework
15.11.2023
Over 40 countries have agreed to implement the crypto reporting framework developed by the Organisation for Economic Co-operation and Development (OECD) as mandated by the G20. The widespread, consistent, and timely implementation of this crypto reporting framework “will further improve...
European Union Finalizes Digital ID Wallet Agreement, Hints at Digital Euro Integration
11.11.2023
The European Parliament and the Council of the European Union (EU) have finalized the agreement that will allow the implementation of a continent-wide digital ID wallet program. The agreement, which needs to be ratified at the parliamentary level, would greenlight the issuance of the EU digital...
Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024
10.11.2023
Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year
Swiss National Bank Launches Wholesale CBDC in Partnership With Six Commercial Banks
2.11.2023
The Swiss National Bank (SNB) is ramping up its efforts on the issuance of a wholesale central bank digital currency (wCBDC). According to a press release, the Swiss central bank is collaborating with six commercial banks and the SIX Digital Exchange (SDX) to fast-track the implementation of...
Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study
30.10.2023
As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...
UK Financial Watchdog Flags “Common” Failures in Crypto Marketing
25.10.2023
The Financial Conduct Authority (FCA) has identified some recurring issues in the marketing of cryptoassets following the implementation of new regulations on October 8. In a Wednesday blog post, the FCA highlighted three primary problems, which include misleading claims regarding...
European Regulator Clarifies MiCA Timeline — Warns No Such Thing as Safe Crypto Asset
19.10.2023
The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware of, particularly before MiCA is fully implemented....
Ripple VP: The Policy Considerations 'Justifying the Implementation of CBDCs'
17.10.2023
Central bank digital currencies have nearly limitless opportunity but ultimately, mainstream adoption hinges upon usability, Ripple Vice President James Wallis writes
G20 Calls for ‘Swift and Coordinated Implementation’ of IMF Crypto Roadmap
15.10.2023
The G20 finance ministers and central bank governors have adopted the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). “We call for swift and coordinated implementation of the G20 Roadmap,” the finance chiefs announced...
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule
13.10.2023
Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted two-year delay for the rule’s implementation.” Senators...
Bank of Russia Governor Elvira Nabiullina: ‘Cash Is Not Going Away’
19.9.2023
Elvira Nabiullina, Governor of the Bank of Russia, talked about the future of cash in the context of the digital ruble pilot currently being executed in the country. Nabiullina explained that physical money was not disappearing and that the future implementation of the digital ruble was directed...
Republicans Introduce Bills to Halt CBDC Implementation
15.9.2023
Lawmakers for the House Financial Services Committee (HFSC) introduced three bills on Thursday aimed at curbing the Federal Reserve's potential foray into the world of CBDCs.
The trio of bills rekindled prior Republican efforts to explicitly restrict the Federal Reserve from issuing a digital...
G20 Leaders Decide on Swift Implementation of Crypto Asset Reporting Framework
11.9.2023
G20 leaders have called to swiftly implement the Crypto Asset Reporting Framework (CARF) while endorsing synthesis paper proposed by IMF and FSB.
The G20 summit held over the weekend under the presidency of India saw a consensus among member nations to adopt a global framework to regulate...
G20 Leaders Endorse FSB Recommendations for Crypto Regulation
11.9.2023
The G20 leaders have released their declaration following their summit in New Delhi. They endorsed the Financial Stability Board’s “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements” and welcomed...
IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request
9.9.2023
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global organizations “have set out a roadmap to ensure effective...
Maker Co-Founder Proposes Future Protocol Implementation on Solana Fork
5.9.2023
Rune Christensen, a co-founder of Maker, the Ethereum-based stablecoin protocol, has proposed to reimplement the protocol on a new chain forked from Solana. This move would be the final part of “Endgame,” an update to the protocol that seeks to grow the stablecoin dai by enhancing...