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Japan: Central Bank’s Top Economist to Lead Department Researching CBDC

July 31, 2020 by Anthonia Isichei at Regulation

Japan continues to intensify efforts in its proposed central bank digital currency (CBDC) project as the country’s central bank has appointed its top economist to oversee the department conducting research on CBDC. Japan Getting Serious With Proposed Digital Yen According to Reuters on Friday (July 31, 2020), the Bank of...

Japan Puts Issuance of Its Digital Currency on “Top Priority”

July 30, 2020 by Shaurya Malwa at Regulation

The so-called Digital Yen - Japan’s upcoming digital currency - is now the “top priority” of the country as it battles the economic implications of the ongoing coronavirus pandemic and seeks to revitalize growth. Digital Currencies a Major Focus Takeshi Kimura, departmental director-general of the Bank of Japan (BoJ), told...

Cambodia Looking to Capitalize on Blockchain Solutions at ASEAN Summit

Cambodia’s Project Bakong CBDC Set for Roll Out in the Next Few Months

July 28, 2020 by Osato Avan-Nomayo at Regulation

Cambodia’s central bank is getting set to launch the country’s central bank digital currency (CBDC) in conjunction with almost a dozen commercial banks. APAC nations continue to develop sovereign digital currencies mainly to challenge U.S. Dollar (USD) within their economies and keep up with China’s accelerated progress in the emerging...

Everything You Need to Know About Cryptocurrency Regulations

Poland’s Financial Watchdog Mulls Crypto Regulation

July 24, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Polish Financial Supervision Authority (KNF), is now pondering on whether to regulate bitcoin (BTC) and other cryptocurrencies in the nation. The regulator is looking to formulae a uniform crypto regulatory framework that will govern crypto-linked businesses and is now seeking feedback from financial institutions and other stakeholders in ts cryptospace,...

U.K. Authorities Seek to Regulate Bitcoin Related Adverts

July 21, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Her Majesty’s Treasury (HMT), in collaboration with the government of the United Kingdom, has put up a proposal that seeks to give the country’s financial watchdog, the Financial Conduct Authority (FCA), the power to regulate some crypto-related advertisements in the region. The primary objective of the move is to promote...

Grayscale Investments Announces Approval of Public Quotations for Eligible Shares of Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust

FINRA Greenlights Grayscale’s Bid to Launch Litecoin and Bitcoin Cash Trusts

July 21, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Grayscale, a leading cryptocurrency asset management firm with $4 billion assets under management, has received approval from the United States Financial Industry Regulatory Authority (FINRA) to launch its Bitcoin Cash Trust and Litecoin Trust and make the shares available for public trading on over-the-counter (OTC) markets, according to a press...

Cryptocurrencies standing proud waving the French flag blockchain

France: HSBC, Accenture, among Selected Candidates to Experiment With Bank of France’s CBDC

July 20, 2020 by Dalmas Ngetich at Regulation

Four months after announcing the Program of Experiments to test the potential of a central bank digital currency (CBDC) for interbank settlements, the Bank of France has today (July 20, 2020) revealed eight successful applicants to experiment with the digital Euro. The eight banks include HSBC, Euroclear, and Accenture. What is...

Bank of Japan Studying Digital Currencies, Says Governor

Japan Central Bank Moving Forward With CBDC Research

July 20, 2020 by Anthonia Isichei at Regulation

The Bank of Japan (BoJ) formed a new team to speed up research into the possibility of issuing a central bank digital currency (CBDC). However, the apex bank has no immediate plans to launch a digital yen. BoJ Inaugurates New Committee For Digital Yen Research According to The Mainichi on...

Twitter Hack: Jack Dorsey Receives Open Letter from U.S. Senator; FBI Reportedly Leading Inquiry

July 17, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Following Wednesday’s serious security breach on Twitter, U.S. Senator Josh Hawley has sent an open letter to bitcoin-friendly Jack Dorsey, the CEO of the microblogging platform in a bid to find out the steps the team is taking to mitigate the attack, according to a report on July 16, 2020....

Thailand - Central Bank Partners with SCG for CBDC Pilot Test

Thailand: Central Bank Deploys CBDC to Large Corporations

July 16, 2020 by Anthonia Isichei at Regulation

Thailand’s central bank is continuing developments on the central bank digital currency (CBDC) project as the apex bank will test its CBDC for transactions among large businesses. Thailand’s CBDC Reaches Third-Stage Development According to a report by the Nation Thailand on Thursday (July 16, 2020), the Bank of Thailand (BOT)...

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