Law Decoded: Bank payments going global with stablecoins and CBDCs, Jan. 15–22
Retail users may have to wait in much of the world, however. Go to Source Powered by WPeMatico
China
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Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit
Investors are suing a Bitcoin mining company for allegedly fabricating the existence of BTC mining farms in China, and reportedly misleading the public. Go to Source Powered by WPeMatico
While China’s CBDC sets the pace, the yuan stumbles in usage abroad
The past two years were much harder on the dollar, however. Go to Source Powered by WPeMatico
Chinese cities continue to promote digital yuan through festive lotteries
The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities. Go to Source Powered by WPeMatico
Jack Ma resurfaces in new video after an almost 3-month ‘disappearance’
A representative for the Jack Ma Foundation confirmed to reporters that the businessman had “participated in the online ceremony of the annual Rural Teacher initiative event on January 20.” Go to Source Powered by WPeMatico
Asia accounts for almost half of global crypto trading: Messari report
Crypto activity in Asia is equivalent to that in the U.S. and Europe combined. Go to Source Powered by WPeMatico
Bank of France settles $2.4M fund in central bank digital currency pilot
The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology. Go to Source Powered by WPeMatico
China turns up pace on CBDC release, tests infrastructure prior to adoption
The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond. Go to Source Powered by WPeMatico
China’s blockchain project BSN to pilot global CBDC system in 2021
China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN. Go to Source Powered by WPeMatico
US Fed: CBDC a ‘very high priority’ to combat bad private sector money
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. Go to Source Powered by WPeMatico