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Chinese Man Uses Digital Yuan to Pay Court-issued Fine in Legal First

22.4.2022
Chinese media outlets have been reporting on a new first for the digital yuan – with the central bank-issued token used to pay a court-issued fine for the first time. Per Chinaqw, on April 19, a man surnamed Wei, the plaintiff in a motor vehicle traffic accident liability dispute case, had been...

The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

21.4.2022
“We have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean,” said Philip Davis, prime minister of the Bahamas

Russian central bank needs to ease up digital asset projects, governor says

21.4.2022
Elvira Nabiullina is concerned about the Bank of Russia not treating digital asset projects softly enough to attract funding and maintain the economy

Brazilian Development Bank Sets Deadline for Completion of Blockchain Network

20.4.2022
The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazilian Blockchain Network. The partnership, established through a memorandum of understanding...

Ex-Chinese Central Bank Chief Says Digital Yuan Not Intended for International Trade

20.4.2022
The former governor of the central People’s Bank of China (PBoC) has reiterated claims that the forthcoming digital yuan has been designed primarily for retail use by domestic and even international users – not for cross-border trade purposes. China has loosely pegged the value of its yuan fiat...

First Australian Bitcoin ETF Comes to Cboe, 40 Crypto Players Send a Letter to EU + More News

19.4.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ ... Read More: First Australian Bitcoin ETF Comes to Cboe, 40 Crypto Players Send a Letter to EU + More News

'There are already digital means of payment:' EU Commission gets 11,000 public comments on CBDC project

19.4.2022
Less than two weeks after the consultation process' start, the prevalent mood in the comments section appears quite negative

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

19.4.2022
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia...

Law Decoded: Paris is always a good idea, even for talking crypto policy — April 11–18

18.4.2022
Ripple rejoices, the SEC gets challenged to a narrative battle and Brazil moves ahead with crypto legislation

No Truth in Reports that Russia’s Finance Ministry Wants Crypto to Become ‘Legal Tender’

18.4.2022
Reports stating that the Russian Ministry of Finance now “recommends using cryptocurrencies as legal tender” appear to be very wide of the mark. A number of crypto-related media outlets have made the claim that the ministry has pushed for a move that would put tokens on the same footing as...

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

17.4.2022
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this new test will include a fixed supply of...

New Tencent Digital Yuan Wallet Preparing to Launch

16.4.2022
First images have emerged of specialized digital yuan wallets provided by the Tencent-run e-pay platform WeChat Pay. Although the wallets are still in what appears to be beta testing and are not yet fully functional, some media outlets – such as Sina – appear to have been able to open wallets...

Tether is gaining momentum against competing stablecoins, says Tether CTO

15.4.2022
Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market

Fitting the bill: US Congress eyes e-cash as an alternative to CBDC

15.4.2022
From fiat banknotes to fractional reserve banking, the notion of what constitutes money in the U.S. has changed over time. But is the time right for e-cash?

Russia should use crypto for payments with Africa, commerce exec says

14.4.2022
Russia should deploy cryptocurrencies and CBDCs for settlement and payments with Africa, the president of the Chamber of Commerce and Industry believes

BoJ official says digital yen won’t be used to achieve negative interest rate

14.4.2022
The Bank of Japan’s Executive Director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates

Central Banks Struggle With Privacy-related CBDC Headaches

13.4.2022
As a number of countries across the globe are working on developing their respective central bank digital currencies (CBDCs), ensuring a separation between identity and transaction data could produce a better environment for privacy protection and could lead to public confidence and trust...