digitization – DIGIT INFO

Gold to Lose Its Shine as Harry Dent Predicts Massive Crash; Bitcoin to Follow Suit With Low of $3,250

DIGIT — Thu, 26 Jan 2023 14:00:52 +0000

Gold has seen a significant increase in value in 2023, with spot prices rising from $1,823 per ounce to the current price of $1,937 per ounce. However, Harry Dent, founder of HS Dent Investment Management, believes that this trend may not continue in the near future. Dent predicts that gold may lose value to the […]

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Chinese Regulator Aims to Digitize Securities Market Using Blockchain and Smart Contracts

DIGIT — Wed, 01 Sep 2021 04:00:13 +0000

China’s Securities Regulatory Commission (CSRC) will promote a national alliance chain to introduce smart contracts and blockchain-based services to digitize the securities and futures market. The announcement was made at the China Securities Industry Alliance Chain and OTC Alliance Chain Special Work Symposium in Beijing. Jiang Dongxing, deputy director of the Science and Technology Regulatory […]

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New Law in Germany Embraces All-Electronic and Blockchain Crypto Securities

DIGIT — Thu, 17 Dec 2020 21:30:35 +0000

The German government has passed new legislation to introduce all-electronic securities as part of the country’s wider blockchain strategy. According to the country’s finance ministry, the new law relaxes rules forcing issuers and holders of securities to document transactions with a paper certificate. Legal Clarity According to a report, the paper certificate can now be […]

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Mitsubishi Launches Blockchain Platform for Metal Trading

DIGIT — Tue, 11 Aug 2020 08:57:00 +0000

The metals and minerals subsidiary of Mitsubishi has launched a blockchain platform to digitize metal trades.

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Mining Giant BHP Completes $14 Million Iron Ore Trade Using Blockchain

DIGIT — Mon, 29 Jun 2020 09:04:40 +0000

Multi-billion-dollar mining group BHP announced it has completed a $14 million iron ore trade using a blockchain platform.

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Deutsche Bank Report: Digital Yuan Could Upset Global Power Balance, Plastic Will Die, Cash Survive

DIGIT — Wed, 29 Jan 2020 07:25:16 +0000

A new report from Deutsche Bank Research, Digital Currencies: the Ultimate Hard Power Tool, predicts that cash payments will remain for decades, but the emergence of digital payments “will lead to the death of the plastic card.” The report, which is the third installment in a series on payments by the group, points to economies […]

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European Banks Struggle With Low Interest Rates and Strict Regulations

DIGIT — Wed, 04 Dec 2019 08:45:04 +0000

Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019. Historically low interest rates, new regulatory hurdles and competition from […]

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Crypto Business Is Now Legal in Belarus

DIGIT — Wed, 28 Mar 2018 16:55:48 +0000

Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in […]

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