Huawei will be working with the central bank’s digital currency research unit on different blockchain to token-based projects taking place in the country.
The HMRC has updates rules and taxation structure for individuals and businesses involved in activities of crypto buying, selling, payments, or other transactions.
The ICE chief added that Bitcoin’s use in daily transactions of goods and purchases will help it to establish its status as a store-of-value or digital gold.
The private banking members said that while digital currency is next big revolution, the transformation should be swift and not endanger the existing monetary system.
A survey carried out by IMB and the OMFIF shows several interesting findings regarding the future of CBDCs, from the perspective of central banks.
China passes law on state-sanctioned cryptocurrencies, in preparation for the digital Yuan. Similarly, the nation has shown interest towards the development of blockchain technology.
Bakkt’s crypto consumer app will offer a seamless interface to let its users spend their digital assets at different merchant locations.
A congressional official said that China’s national digital currency DCEP will be the first stabelcoin issued globally by a central bank.
The president said that China should double-down on its strong foundation in the blockchain space and take a leading position.
Citing investors demand and feedback, Bakkt has launched its first regulated Bitcoin options contract which will start live trading in December 2019.