Digital Currency – Page 66

Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers

December 14, 2020 by DIGIT

An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being inexplicably transferred to some cryptocurrency traders.” In addition to Kothari’s arrest, the ED conducted … Read more

Chinese residents make 20K transactions in digital yuan trial event

December 13, 2020 by DIGIT

The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents. Go to Source Powered by WPeMatico

Sweden is studying a potential transition to the e-krona CBDC

December 11, 2020 by DIGIT

Sweden is examining risks and consequences of moving its economy to its e-krona digital currency. Go to Source Powered by WPeMatico

Ensuring trust in crypto is tough, but audits and transparency go a long way

December 9, 2020 by DIGIT

Cryptocurrency platforms perform audits to ensure transparency, but it’s not a golden solution to solve all potential trust and security issues. Go to Source Powered by WPeMatico

Digital ruble will undercut bank profits but help businesses: Bank of Russia

December 7, 2020 by DIGIT

Russia’s central bank wants the digital ruble to help businesses by cutting out financial middlemen. Go to Source Powered by WPeMatico

US Representatives Add Digital Currencies to the 2021 Defense Bill

December 6, 2020 by DIGIT

The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto the act which is expected to authorize more than $740.5 billion. U.S. … Read more

Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers

Chinese residents make 20K transactions in digital yuan trial event

Sweden is studying a potential transition to the e-krona CBDC

Ensuring trust in crypto is tough, but audits and transparency go a long way

Digital ruble will undercut bank profits but help businesses: Bank of Russia

US Representatives Add Digital Currencies to the 2021 Defense Bill

China’s central bank plans digital yuan pilot for payments to Hong Kong

Swiss National Bank and BIS complete digital currency proofs-of-concept

Multi-utility tokens to enable Web 3.0 by providing more than financial value

Hodl or spend? Retailers offer Black Friday deals for those paying with cryptocurrency