The People’s Bank of China has postponed a digital development program scheduled for the first quarter of this year. The reason for the suspension is the quarantine introduced because of the coronavirus, which has affected government agencies, reports the Global Times, citing informed sources. “The outbreak of coronavirus has led…
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The Central Bank of China will test the national digital currency for electronic payments before the end of this year. The sovereign cryptocurrency test – DCEP (CryptoYuan) – will be conducted in two cities: Shenzhen and Suzhou. China may be the first large economy to issue its own digital money.…
Employees of the People’s Bank of China said that the five-year work on the official cryptocurrency of the country has been completed, they are ready to launch it “in the near future”. Mu Changchun, deputy head of the bank’s payment division, added that its architecture and prototype are ready. “We…
INSEAD professor and co-founder of the Blockchain Research Institute (BRI) Don Tapscott (Don Tapscott) said that the yuan – the official Chinese currency – will become a cryptocurrency (CryptoYuan). In an interview with Bloomberg, Tapscott said that he recently met with the vice-chairman of the Chinese Communist Party. The official…
BMW Group Asia, Intel and Nielsen are now corporate partners of the Singapore government-supported blockchain accelerator Tribe. Tribe Accelerator announced the news Friday, saying that the three firms will share their knowledge and subject expertise in their respective fields with Tribe’s startups in order to help build an “inclusive” ecosystem…
Crypto-ruble can be a substitute for the ruble in blockchain space. The State Duma will adopt laws on cryptocurrency until the end of 2018 Crypto alternative to ruble A crypto-ruble may appear in Russia – a full-fledged analogue of the fiat ruble, its virtual copy. In order to secure the…
The Arbitration Court in China ruled that, despite the country’s Central Bank’s ban on trading in cryptocurrencies, Bitcoin must still be legally protected as citizen’s property. The Shenzhen Court published the details of the case through WeChat, stating its decision on a recent economic dispute concerning a business contract involving…
Brazil could soon have a new blockchain platform to ensure the authenticity of information exchanged between the country’s financial authorities. Brazil’s central bank, Banco Central do Brasil (BCB), announced Tuesday that it has built the platform in order to allow secure data sharing between itself and other domestic financial regulators,…
Estonia took a step again in its plan to arrange a nationwide crypto Estcoin after criticism from the President of the European Central Financial institution, Mario Draghi, and native banking overnment. The event was reported in Bloomberg. The managing director of the Estonian e-residency program, Kaspar Korjus, advisable the issuance…
In a recent blog by Ripple, they spoke about legacy banking systems and how to replace them. Ripple’s new innovative and disruptive financial solutions have gone mostly unnoticed in terms of visibility in the financial sector. The pervasiveness of legacy banking systems and non-bank financial institutions has led to a general…