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NEO DevCon 2019  •  
February 16-17, 2019

# centralized digital currency News

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 all relevant businesses have indeed been crushed. A Close Watch...
July 20, 2016 by at Finance, News, Regulation
On July 20, 2016, the Economic Affairs Committee of the House of Lords held a hearing to educate themselves on the potential benefits and risks of using blockchain technology and the effect it may have on the economy. The lively discussion raised some interesting points and questions; while shedding light...
March 11, 2016 by at Finance, News, Regulation, Tech
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 to maintain complete control over the monetary supply, but relies...
February 17, 2016 by at Business, News, Regulation
Zhou Xiaochuan, the governor of the People’s Bank of China (PBOC), has been in charge of the monetary policy of the nation’s central bank since 2002. For nearly a decade and half, Zhou has successfully pushed China’s financial system reform forward, calling for the renminbi, or the Chinese yuan, to...
February 2, 2016 by at News, Regulation
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 approximately 50 billion kroner in circulation and [the country’s central...
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