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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
Russia Drafting Law on Confiscation of Crypto Assets
8.7.2021
Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is preparing amendments to the current legislation...
Crypto Wallet Recovery Service KeychainX Can Save Your Bitcoin
8.7.2021
Whenever the prices of digital assets skyrocket, social media gets flooded with stories of people that could be millionaires now but forgot the keys to wallets they opened a few years before. But if this happened to you, don’t lose hope, cryptocurrency wallet recovery service KeychainX...
New Zealand's Reserve Bank consulting public on a potential CBDC
8.7.2021
The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins
Goldman Sachs Sees More Potential in Ether Than Bitcoin
8.7.2021
Global investment bank Goldman Sachs says ether is the cryptocurrency with the highest real use potential and it could overtake bitcoin as the dominant digital store of value. Ether Could Overtake Bitcoin as Dominant Store of Value, Says Goldman Sachs Goldman Sachs shared its view on the future...
Konami Fires Soccer Star After Racism Controversy
8.7.2021
Last month, Barcelona and France star Antoine Griezmann was announced as a global ambassador for Yu-Gi-Oh! He’s now been dropped from that role after a video emerged of a teammate saying some pretty bad shit to their Japanese hotel staff.Read more
82% of Institutional Investors Plan to Increase Cryptocurrency Exposure: Survey
8.7.2021
A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023. The survey reportedly asked institutional investors and wealth managers from the U.S., U.K., France, Germany,...
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...
Bank of Jamaica to begin digital currency pilot in August
7.7.2021
The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country
Chinese banks tell staff to recruit up to 300 new digital yuan users each
7.7.2021
Six of China’s top banks have tasked their employees with promoting digital yuan wallets to between 200 to 300 people a year
Allied Payment Network Embeds Bitcoin Service, Will Hold BTC in Corporate Treasury
7.7.2021
Payment service provider Allied Payment Network has partnered with New York Digital Investment Group, the bitcoin subsidiary of $10 billion asset manager Stone Ridge. Financial institutions using Allied’s platform will be able to offer their customers the option to buy, sell, and hold...
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
7.7.2021
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver...
Breaking news: US financial regulator FinCEN hires its first-ever chief digital currency advisor
6.7.2021
The Financial Crimes Enforcement Network is looking to broaden its enforcement measures in the cryptocurrency sector with its latest hire
Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022
6.7.2021
While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai...
CoinShares to acquire ETF index business from Alan Howard's crypto firm
6.7.2021
Elwood is set to sell its blockchain-focused ETF index to CoinShares for $17 million
Grayscale adds Cardano to Digital Large Cap Fund after rebalancing
5.7.2021
Cardano (ADA) becomes the third-largest component of the GDLC basket after Bitcoin and Ethereum
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....
Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’
4.7.2021
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of...