Subsidiaries of the jurisdictions’ two central banks will collaborate on a new project to link their two trade finance platforms using blockchain technology. Blockchain has received fresh endorsement from China in the form of a development pact with the de facto central bank of Hong Kong. In a news post on Nov. 6, the Hong […]
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The United Nations Security Council’s Sanctions Committee on North Korea has accused the country of using a Hong Kong-based blockchain firm as a front to launder money. The United Nations Security Council’s Sanctions Committee on North Korea has accused the country of using a Hong Kong-based blockchain firm as a front to launder money. As […]
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A Central Bank of Azerbaijan official says a blockchain-based digital ID system will be adopted in the Q1 2020. The Republic of Azerbaijan is planning to complete a project of blockchain-based digital identification system by the end of 2019. Farid Osmanov, director of the information technology department at the Central Bank of Azerbaijan (CBA), says […]
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A decision to treat Bitcoin mining as an undesirable industry earlier this year no longer features in China’s official plans, documents show. Bitcoin (BTC) mining will not face a state crackdown in China, authorities have confirmed in new official documents. As noted by Blockstream CSO Samson Mow and others on Nov. 6, mining no longer […]
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The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” A […]
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Coinbase’s legal chief Brian Brooks believes the private sector should be responsible for creating the United States digital dollar. Coinbase’s legal chief, Brian Brooks, feels that the United States government should take a step back and allow the private sector to create the U.S. digital dollar. Private sector should build the technology In a Fortune […]
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A draft document issued by the European Union suggests that the organization should consider issuing its own digital currency. A draft document issued by the European Union suggests that the union should consider issuing its own digital currency. Will the EU wage war on crypto? Reuters reported on Nov. 5 that the draft in question […]
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The largest cryptocurrency Bitcoin forms a clear lead over other options for a ten-year investment, with gold in second place and fiat firmly losing. Almost 60% of 70,000 people would take Bitcoin (BTC) over fiat currency as a long-term investment. That was according to a new survey on Nov. 4 by Ron Paul, the ex-Texas […]
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According to Turkey’s 2020 Annual Presidential Program, digital lira pilots should be finalized by the end of 2020. Turkey’s President Recep Tayyip Erdogan directed that the government should finish testing the national central bank digital currency (CBDC) in 2020. The country’s national blockchain-based digital lira is planned to be issued by the Central Bank in […]
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China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum co-founder and ConsenSys CEO Joe Lubin. China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin. In an interview for CNBC’s Squawk Box Asia on Nov. 6, Lubin argued that the People’s Bank of China (PBoC) […]
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