The Foundation for Defense of Democracies has assessed current and future risks of cryptocurrency use by countries adversarial to the United States. The American Foundation for Defense of Democracies (FDD) has assembled an assessment of current and future risks of cryptocurrency use by countries adversarial to the United States in a report published on July […]
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China should learn from Hong Kong and Facebook as it develops its own sovereign digital currency, a former central bank governor says. A former governor of the People’s Bank of China (PBoC) has indicated that Beijing may delegate the issuance of digital currency to commercial entities, the Hong Kong-based South China Morning Post newspaper reported on July 11. Zhou Xiaochuan, […]
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Experts and Lawmakers call for caution over potential risks of Facebook’s Libra cryptocurrency to the global financial industry. Facebook’s unveiling of its Libra cryptocurrency has generated a lot of attention in the financial world, as well as in the crypto space. So far, the company has announced that its Libra blockchain network will be launched […]
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Six Chinese citizens have been arrested in Vanuatu and extradited to China as part of an ongoing investigation regarding the alleged crypto pyramid scheme PlusToken. Vanuatu, a Pacific Island country, has extradited six Chinese citizens to the mainland, according to a report by Odaily Planet Daily on July 10. The suspects were reportedly arrested in […]
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In a new economic roadmap, the government of Turkey has included a blockchain-based central bank digital currency. The government of Turkey has included a central bank-issued digital currency in its 2019–2023 economic roadmap published on July 9. As per the 11th Development Plan from the Presidency of the Turkish Republic, “Blockchain-based digital central bank money […]
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Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, according to an expert. Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, an expert told the Bangkok Post on […]
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Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore. Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10. Binance Singapore has been first launched in April, but with limited functionalities and only one trading pair. […]
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A large number of Gulf nations are embracing crypto with open arms as Ethereum explores partnership opportunities… While we often get to hear about how cryptocurrency adoption is rapidly gaining ground in the West, a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often […]
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Philip Green triggered the wrath of crypto proponents online as the ECB says it has no plans to add bitcoin to its reserves. The European Central Bank (ECB) doubled down on its dismissive stance on bitcoin (BTC) July 9, refusing to recognize it as currency in a Q&A session. Responding to a private query as […]
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The former People’s Bank of China governor says “China should take precautions” against the trend represented by Facebook’s Libra cryptocurrency. The former governor of the People’s Bank of China (PBoC) says “China should take precautions” against the trend represented by Facebook’s Libra cryptocurrency. Twitter-based Chinese crypto news source CnLedger reported on Xiaochuan Zhou’s remarks on […]
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