Reports indicate that China is starting Phase 1 of its CBDC Digital Yuan project, by imposing limits on transactions and reducing the presence of cash in 3 important regions.
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.
In this article we explore the upcoming Bitcoin Options, to be released by the CME Group, and their potential impact on the market.
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.
Reports indicate that the central banks of Hong Kong and Thailand have been working on the development of a CBDC, designed to facilitate bank-to-bank monetary transfers, securities settlement, and corporate payments.
Tether snubs off all the allegations of its involvement in Bitcoin price manipulation during the 2017 bull run using USDT tokens. It calls all the allegations to be completely baseless.
China has a huge cryptocurrency and Bitcoin mining industry due to the availability of surplus and cheap hydroelectric power in regions of Xinjiang and Sichuan.