centralized digital currency News

As debates on digital currencies persist, several U.S. states are making strides in exploring a gold-backed state digital currency, regulating bitcoin mining, and addressing legal challenges in the cryptocurrency realm.

Adding to the swathes of problems and criticisms that have come since the release of the Libra whitepaper, Facebook’s crypto project. An anonymous developer has forked the Libra code and proposed a more privacy-oriented alternative. Subsequently the startup accused Facebook…

China declared total war on its local virtual currency environment by placing a blanket ban on initial coin offerings (ICOs) and cryptocurrencies such as bitcoin and other altcoins, late 2017. Now, the Chinese authorities have declared total victory, stating that…

The UK’s central bank is working with researchers at University College of London (UCL) on a centrally controlled digital currency based on Bitcoin, according to a report from the MIT Technology Review. The cryptocurrency framework, dubbed RSCoin, allows central banks…

Norway’s largest bank, DNB, has suggested that the Ministry of Finance ban the circulation of cash, as a part of the nation’s major initiative to reduce black market sales and financial crimes like money laundering and fraud. “Today, there is…