Philippines Launches Blockchain App to Distribute Government Bonds

The Philippines has launched a blockchain-enabled mobile application for the distribution of government-issued bonds. On July 19, the Philippine Bureau of the Treasury along with the UnionBank and Philippine Digital Asset Exchange launched a blockchain-enabled mobile application for distributing government-issued treasury bonds. According to local news outlet Inquirer.Net, the president and CEO of UnionBank, Edwin […]

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Don’t Fall for These Fake Chinese CBDC Scams

Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme. Cities in China will soon begin testing a new Central Bank Digital Currency, or CBDC. Scammers are now taking advantage of this fact by impersonating “CBDC test” groups. According to Tencent QQ, criminals are promoting a scam that asks […]

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Major Argentine Telecom Falls Victim to $7.5M Monero Ransomware Attack

Argentina’s largest telecommunications company has fallen victim to a $7.5M ransomware attack. Telecom, Argentina’s largest telecommunications company, has fallen victim to a ransomware attack. Hackers are demanding $7.5 million in Monero (XMR) — an amount that will rise to $15 million if the company does not pay within 48 hours. Argentina’s major telephone company, Telecom, […]

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Korean Exchanges Struggle With Expansion Amid Uncertain Regulations

Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity. The lack of regulatory uncertainty in South Korea is causing major Korean cryptocurrency exchanges to lose international traders and turn their focus on the domestic audience. Speaking to Cointelegraph, a spokesperson of the South Korean exchange Upbit expressed his concern about […]

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Digital Yuan CBDC Momentum Grows as More Chinese Firms Get to Testing

As the development of the digital yuan project progresses, the number of China’s largest companies testing the national cryptocurrency is rapidly growing. Despite the global economic crisis and the consequences of the coronavirus pandemic, the development of the Chinese national cryptocurrency, the Digital Currency Electronic Payment, is steadily progressing. The increase in the number of […]

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Binance Isn’t Permitted to Operate in Malaysia, Local Regulator Says

Binance is said to be “operating a recognized market” without authorization from the Malaysian regulator. Top cryptocurrency exchange Binance was added to the Securities Commission Malaysia’s list of unauthorized entities earlier today.  According to the regulator, the digital asset trading platform is “operating a recognized market without authorization from the SC”.  Malayisan law requires cryptocurrency […]

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