Marshall Islands’ Sovereign Digital Currency Will Be Based on Algorand
The Republic of the Marshall Islands has selected blockchain firm Algorand as technology partner for its national digital currency, the SOV Go to Source Powered by WPeMatico
Digital Currency
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BIS: No Central Bank Digital Currencies Focus on Cross-Border Payment
None of the 17 ongoing central bank digital currency projects is focused on cross-border payments, the Bank for International Settlements says Go to Source Powered by WPeMatico
Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price Predictions
Digital currency markets have been consolidating since the initial price drop on February 26 that saw $25 billion shaved off the entire cryptocurrency market. At the time of publication, the cryptoconomy is hovering just above the $245 billion zone and a few coins today are making slight gains. Also read: MTV Airs Only the Negative … Read more
SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin
The U.S. Securities and Exchange Commission (SEC) has charged actor Steven Seagal for unlawfully promoting a cryptocurrency investment scheme claiming to be “the next generation of bitcoin.” Seagal failed to disclose that he was being compensated in cash and crypto by Bitcoiin2gen, or B2G, for marketing its token offering, such as on Twitter and Facebook. … Read more
Bank of Japan Official Calls for Deeper Understanding of Digital Currencies
Advanced economies should focus on addressing money laundering and oversight instead of issuing digital currencies, says a Bank of Japan official Go to Source Powered by WPeMatico
Bitcoin in INR: Binance, Wazirx, Cashaa, Zebpay Announce New Offers for India
Several cryptocurrency exchanges in India have recently stepped up their offerings as they wait for the supreme court’s decision on the RBI ban. Binance and Wazirx have made some improvements to their platforms, Cashaa is waving some fees, and Zebpay has announced zero fees on a trading pair when it re-launches in India. Also read: … Read more
Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System
The National Bank of Ukraine is still trying to balance the potential threats and benefits of a central bank digital currency Go to Source Powered by WPeMatico
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and the Financial Crimes Enforcement Network (FinCEN). Also read: Regulatory Roundup — Trump’s Cryptocurrency Proposals, IRS Changes Rule, … Read more
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also informed that the Financial Stability Board will soon issue its crypto … Read more
Japan the Next Country to Mint a Digital Currency?
China is well on its way to adopting a government-sanctioned digital currency. Will Japan be next? Go to Source Powered by WPeMatico
