The PBoC said that promoting blockchain technology has wrongly encouraged a few local companies to pursue crypto-related activities that won’t be allowed as per the country’s laws.
Fed Chairman Jerome Powell puts forward the pros and cons of having a CBDC and said that they are weighing all options before launching such a project.
Galaxy Digital will use this institutional-grade Bitcoin storing facility for storing tokens for its two newly launched Bitcoin funds.
The State Media Said that several companies just associate itself with the concept of blockchain for financial gains and business momentum, without actually practicing it.
Honest crypto tax payers are now getting tax refunds from the Internal Revenue Services (IRS) while the agency is now focusing on Bitcoin ATMs and crypto kiosks for any illicit crypto activities.
In an attempt to reduce the USD reliance in trade settlements, BRICS nations looking for an alternative like a digital currency among the member nations.
The CFTC Chairman said that with the Ethereum network shifting to a PoS consensus model, they might treat the new tokens as securities.
Bakkt says that it will offer cash-settled Bitcoin Futures in Singapore traded over the ICE Singapore exchange.
Coeure will lead the BIS Innovation Hub from January 2020 and look after the efforts of central banking institutions for digital currency and other fintech developments.
The SFC said that Tencent holds the potential to execute such large scale projects.