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Hong Kong Blockchain Week 2020: Setting DeFi and Blockchain Trends for 2021


November 17–19, 2020, speakers and participants will assess the economic and technological rollercoaster of the year 2020 and will discuss whether DeFi will change the game for fintech. October 20, 2020, Hong Kong—During a week-long virtual event, speakers from institutions, businesses, regulatory...

Russian Public Officials Must Now Declare Their Crypto Holdings as Income


Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare...

Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin


Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also says its customers will able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021. A report...

Five Russian Commercial Banks Eager to Pilot Digital Ruble in 2021


Russia’s “cryptoruble” – its central bank digital currency (CBDC) initiative – is seemingly picking up momentum after years spent in limbo. Earlier this month, the Russian Central Bank announced that it would consider debuting a digital token, after a year ago stating that there was no need...

South Korea May Review Crypto Tax Law ahead of 2021 Regulations


The South Korean government said that it is conditionally prepared to carry out a review of crypto tax regulations – a year ahead of the promulgation of the country’s first crypto-specific tax law. Per news agency Yonhap, Hong Namk-ki, the Deputy Prime Minister and the nation’s finance minister...

South Korean Central Bank to Launch CBDC Pilot in 2021


The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks. Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...

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