China is looking ahead to introduce a law legalizing the Digital Yuan as a sovereign fiat currency. Although it is open to working with private mobile payment operators, it will still ban other stablecoin operators.
The regulators said that many low-value transactions were found to be suspicious following which they decided to take the move.
Bitcoin and Ethereum investors rejoice as the two cryptocurrencies register strong bullish momentum with higher investor participation.
WorldCoinIndex Derivatives Report 2020 Week 43
Payments giant PayPal makes a big bang entry to the crypto space by launching its crypto trading services. It soon plans to start crypto shopping by early 2021.
The world’s largest cryptocurrency extends its market dominance as bulls push its price above $12,000. Analysts say Bitcoin will soon move closer to its ATH of $20,000.
LINE noted that it is in talks with some big Asian countries and their central banks to help them kickstart their CBDC tests.
The IMF said that CBDCs can successfully improve the digital payment infrastructure but won’t necessarily improve the condition of already ailing economies.
WorldCoinIndex Derivatives Report 2020 Week 42
Withdrawals at crypto exchange OKEx were halted after the exchange staffer holding users’ private keys was suddenly “out of touch”.