Regulation

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Government Think Tank Niti Aayog Identifies Key Blockchain Use Cases for India

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The policy think tank for the government of India, Niti Aayog, has published a strategy document identifying a number of key areas blockchain technology can significantly benefit the country. “By empowering citizens through features of transparency, decentralization and accountability, blockchain would help in improving ease of living,” explained Niti Aayog. Also read: Regulatory Roundup — … Read more

Line’s Digital Currency Link to Be Available in Japan as Early as April 2020

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Launched in October 2018, Asian messaging giant Line’s Bitbox crypto exchange has made its link (LN) digital asset available to users worldwide, with the exception of notable locations like Japan and the U.S. Last Thursday the group announced it was preparing to launch the coin in the Japanese market, compliant with the Japan Virtual Currency … Read more

Cambodia Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan

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With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan indicate its main purpose will be to substitute … Read more

Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency

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While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function of different kinds of money … Read more

India Unveils National Blockchain Strategy, Calling on RBI to Issue Digital Currency

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India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting this national policy. Also read: Regulatory Roundup — New US Crypto Tax … Read more