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China Enacts Crypto Law in Run-Up to State Digital Currency Debut

News China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC). As English-language news media outlet China Money Network reported on Jan. 1, the latest regulations have become legally binding foll..

Bahamas Central Bank Will Pilot Digital Currency Starting December 27

News The Central Bank of the Bahamas (CBOB) is planning to introduce a digital version of the Bahamian dollar in the Exuma district. According to an official press release, the CBOB will launch its digital currency (CBDC) pilot on Dec. 27, which will extend in the first half of 2020 to Abaco, a gr..

Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins

News The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox. Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a sub..

US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity

News A member of the United States Federal Reserve’s board of governors appears to believe that one in four people who use Bitcoin (BTC) are criminals. In a panel speech honoring Benoît Coeuré, a member of the executive board of the European Central Bank (ECB), Lael Brainard highlighted the perce..

Sweden’s Central Bank to Partner with Accenture to Launch E-Krona

News Sweden’s central bank is planning plans to create a pilot platform for a digital currency known as the e-krona. While Switzerland took a negative stance towards a central bank digital currency (CBDC) earlier today, with its government claiming that it could do more harm than good, Sweden is s..

Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits

News The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now. According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report exploring the opportunities and risks of issuing a dig..

From Health Care to Mining, Central Asia Stays on the Blockchain Beat

Crypto Map Cryptocurrency and blockchain technology continues to be a global phenomenon, with adoption and utilization cases emerging in almost every corner of the globe. Digital technology has become so popular that it is now a major talking point not only in the financial sector but also in poli..

Central Bank ‘Parental Controls’ Obsolete for Crypto: Bank of Lithuania

News The Bank of Lithuania said that central banks’ “parental controls” are obsolete when it comes to crypto assets, but that should not prevent them from entering the space in order to understand it. In an analysis dedicated to central bank digital currencies (CBDCs) released on Dec. 10, the Bank..

Lithuanian Central Bank Announces Blockchain Collector Coin

News The Bank of Lithuania announced that it will release a digital, blockchain-based collector coin in the spring of 2020, according to a press release on Dec. 9. The coin is dedicated to the Act of Independence of Lithuania on Feb. 16, 1918, and its 20 signatories. In homage to the year of the a..

China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report

News China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of 2019, and may possibly include t..

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