The 18th million bitcoin has recently been mined. In this article, we explore the future of the cryptocurrency, while also discussing the upcoming block reward halving.
The FATF said that stablecoins could turn to be potential tools for terror funding and money laundering activities and hence require due attentions of all its member nation before using them.
The Cambodia’s Central bank has also partnered with the Malaysian bank Maybank to see how the two bank’s respective digital platforms - Bakong and Maybank2u - work effectively and seamlessly to reduce remittance fees.
FED official Rob Kaplan said that if other forms of digitized cash were to gain massive adoption, the U.S. Dollar will be at the risk of losing its status as the world’s reserve currency.
Bank of Canada is reportedly working on the research and development of a CBDC that would help replace banknotes while tracking users’ spending.
Leveraging the power of blockchain, the South Korean government plans to cut down the cost of its trade finance activities by 90%.
In its letters, the G7 said that although stablecoins can scale quickly, they prove to be very detrimental if investors lose faith in them. In such case they can severely jeopardize the global financial stability.
Russia reportedly plans to introduce an all-inclusive regulatory framework for cryptocurrencies by the 1st of November.
The SEC said that Telegram conducted an allegedly unregistered token sale breaking the securities laws of the agency.
In a recent article, ING financial experts express their belief that fully-fledged bank-owned digital currencies will arrive in 5 years.