作者姓名: shinly lee

Shortly after Russia’s president, Vladimir Putin, signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations. Sberbank, a state-owned company and the largest bank in Russia, is considering the possibility of issuing its own token, according to its key executives. Sergey Popov, director of the transaction business at Sberbank, says that Russia’s banking giant …

Russia’s Biggest Bank Considers Launching Its Own Stablecoin 閱讀全文 »

The People’s Bank of China through the use of its proposed Digital Currency Electronic Payment DCEP system aims to tackle the dominance of WeChat Pay and Alipay in the nation’s digital payment ecosystem. The news was reported days after the People’s Bank of China urged the nation’s top antitrust agency to probe the dominance of the two …

Alipay and WeChat Pay Could Be Casualties of China’s Digital Yuan 閱讀全文 »

Former Chinese banker, Wang Yongli suggested that a push for digital currencies to substitute all currencies is needed to support monetary operation reforms. Wang, the Director of Haixia blockchain research institute and former vice president of Bank of China said that China’s central bank digital currency (CBDC), also known as its digital currency electronic payment (DCEP) should …

China’s CBDC Should Start Replacing Cash But Not Confined to Substitution, says Former Chinese Banker 閱讀全文 »

China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission. In 2017, China completely banned Bitcoin exchanges in the country but this did not stop initial coin offerings and virtual currency trading. Without Bitcoin exchanges operating in China, traders turned to foreign exchanges to conduct cryptocurrency transactions. Binance, …

China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat 閱讀全文 »

The European Union and China recently had trade and economic discussions regarding topics including central bank digital currencies (CBDC) and supply chain. During the video conference, according to the Ministry of Commerce of China, the two parties discussed the strategic cooperation of the steady recovery and growth of the global economy post-pandemic.  According to the …

China and EU Trade Talks Included the Potential Cooperation of Central Bank Digital Currencies 閱讀全文 »

The Bank of Japan is reportedly expediting the development of its Central Bank Digital Currency (CBDC). A top official of the Asian giant’s apex bank Takeshi Kimura confirmed this while speaking to Japanese news outlet The Asahi Shimbun. Takeshi said that the bank will begin substantive testing of its CBDC as pressure mounts following the fear of …

Bank of Japan Now Considers its CBDC Project a Top Priority 閱讀全文 »

The Malaysian Securities Commission (SC) has announced that it plans to extend additional regulations to cover both old and new wallet providers in the country. The new regulation will be infused into the existing regulations governing cryptocurrencies related activities in Malaysia. The new regulations are expedient owing to the important role of cryptocurrency wallet providers in safeguarding …

Malaysian Authorities to Extend Crypto Regulations to Wallet Providers 閱讀全文 »

Shortly after Mastercard showed its hand on its stance on cryptocurrency, Visa published a blog announcing that the payments giant is advancing its approach towards digital currency. PayPal was recently rumored to have partnered with Paxos to provide crypto trading services.  Visa described three values that will evolve its digital currency strategy, including the maintenance of robust …

Visa Joins Mastercard and PayPal in Turning Bullish for Crypto and Digital Currencies 閱讀全文 »

The office of the U.S. Treasury that handles banks has issued a determination on the long-debated subject of custodying crypto assets Per a July 22 announcement shared with Cointelegraph, the Office of the Comptroller of the Currency (OCC) is granting permission to federally chartered banks to custody cryptocurrency. The future of banking with crypto on …

US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks 閱讀全文 »

Japan’s central bank announced that it has set up a new research team to dive deeper into Central Bank Digital Currency (CBDC) experimentation and development. The Bank of Japan (BOJ) is possibly preparing for a CBDC, given the recent rising demand for classless payments and growing interest among other central banks. The New Team to Explore the …

Bank of Japan Sets Up New Research Team For Digital Yen CBDC Development 閱讀全文 »