China’s capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment. The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national […]
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After stakeholders raised concerns about the Australian Securities Exchange’s blockchain infrastructure plan, it has been postponed until 2022. The Australian Securities Exchange (ASX) has further delayed its switch to blockchain after public lobbying from key stakeholders. According to a June 30 update from the ASX, the exchange has officially delayed the rollout of Distributed Ledger […]
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Switzerland does not need to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes. Switzerland’s existing tax law is applicable to developments in the blockchain industry, the Swiss Federal Council said. According to the federal authority, Switzerland does not need to amend its existing tax legislation in regard to blockchain and […]
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There have been several significant movements forward for digital assets, and there are more to come. Here’s what to keep an eye on. The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for […]
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Sweden’s central bank just released a massive report on central bank digital currencies. Sveriges Riksbank, Sweden’s central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country’s own such asset — the e-krona. “The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central […]
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Blockchain technology is transitioning from a conceptual tool that powered the ICO boom into a value-adding service for mainstream industries. Blockchain technology has proliferated in a number of industries outside of the cryptocurrency space in the decade since Bitcoin’s (BTC) inception. The underlying technology of the preeminent cryptocurrency went under the radar in the early […]
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China is not playing catch-up, but rather exploring aggressively pragmatic ways to deploy a digital infrastructure for the whole economy with the blockchain tech implementation. There is an old saying in China: “Building the road is the first step to becoming rich.” Asian countries use infrastructure to boost the economy, and China is probably the […]
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The Italian Banking Association announced it would be ready to start work on a European central bank digital currency. The Italian Banking Association (ABI) has revealed it would be willing to support the implementation of a digital currency from the European Central Bank. According to a June 28 update on the ABI website, the association […]
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Tencent has reportedly expanded its dominance in blockchain patents after filing for DLT-based fund management, advertising and media storage solutions. Tencent has been expanding its research into blockchain, with the firm registering a series of patents detailing distributed ledger technology (DLT)-based solutions for fund management, and advertising. Chinese media outlet Egsea reported the patents on […]
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As dark clouds gather above India’s crypto sector, Binance has joined the country’s top internet association in a bid to shape the industry’s future. Leading cryptocurrency trading platform Binance has joined the Internet and Mobile Association of India’s (IAMAI) digital asset exchange committee. The association is the top trade body representing digital firms in India […]
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