SEC Cracks Down On Digital Currency Group: $38 Million Civil Penalty For ‘Misleading Investors’

The US Securities and Exchange Commission (SEC) has initiated formal cease-and-desist proceedings against venture capital firm Digital Currency Group (DCG) due to its alleged negligent conduct in relation to a lending program offered by its subsidiary, Genesis Global Capital (GGC).

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Kyrgyzstan set to launch its own digital currency by 2027

Kyrgyzstan’s central bank has proposed amendments to the law to legalize its digital currency as a legal tender. The National Bank of Kyrgyzstan has initiated public discussions on constitutional law amendments aimed at integrating its own digital currency — known…

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First Mover Asia: Macau’s Digital Currency Embrace Could Be a Nightmare for Its Casino Industry; Bitcoin Points Upward

The Special Administrative Region passed a bill that would create a legal framework for accepting digital currency, but would also allow China to monitor Chinese nationals visiting the territory; the largest cryptocurrency by market cap is trading above $19.5K.

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Digital Currency Could Soon Become Legal Tender In Macau – Here’s How

Macau is inching closer to the eventual adoption of a digital currency as it strives to develop a more comprehensive set of measures to prevent the flow of dirty money and tax evasion in the largest gambling hotspot in the planet.

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UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.

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Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues

U.S Rep. Jim Himes (D-Conn.) published a report supporting the introduction of a central bank digital currency on Wednesday.

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Report: 'Digital currency will become legal tender in the next...'

Crypto adoption across the world is growing at a much faster pace. New data suggested four in five American retail organizations are expecting digital currency payments in the next five years. TheyThe post Report: 'Digital currency will become legal tender in the next...' appeared first on AMBCrypto.

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Myanmar’s military government considers launching digital currency: Report

Major General Zaw Min Tun said rolling out a digital currency would "help improve financial activities in Myanmar."

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SEC Gary Gensler’s Recent Comments Might Turn Disastrous For Ethereum In The Long Run

Being the first most valued digital currency by market cap has given Bitcoin a lot of free PR and padded its credibility significantly. However, being the second most valued digital currency and holding onto the spot for years, is almost equally just as commendable for Ethereum.

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AXIA Coin launch on KuCoin signals new contender in the digital currency space

AXIA Coin (AXC), an asset-supported digital currency, just completed a successful launch on KuCoin. Starting July 12, traders had the opportunity to mine AXC by staking USDT, KCS, or ETH on the populaThe post AXIA Coin launch on KuCoin signals new contender in the digital currency space appeared first on AMBCrypto.

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Nigeria’s Central Bank Could Launch Digital Currency By End of 2021

The digital currency project could be ready for a pilot phase within the next… The post Nigeria’s Central Bank Could Launch Digital Currency By End of 2021 appeared first on Coin Journal.

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The CBN Says Nigeria Will Have a Digital Currency Before End of Year

Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would […]

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AK-47 Gunmaker Sets Sights on Digital Currency

Kalashnikov firearms manufacturer has expressed its desire to switch to settlements using digital currency. The post AK-47 Gunmaker Sets Sights on Digital Currency appeared first on BeInCrypto.

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UK government establishes central bank digital currency task force

The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency.

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Sweden’s Riksbank completes the first phase of its digital currency trial

Riksbank, Sweden’s central bank, has finished the initial part of its digital currency experiment. The authority unveiled this news through a report, noting that it ran into some serious issues that it must address before Swedes can use the e-krona for daily purchases.

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Eastern Caribbean Central Bank's DCash digital currency goes live

The ECCB has launched a regional central bank digital currency in partnership with Caribbean fintech outfit Bitt.

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Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Critics of the digital currency have visions of the future every bit as silly as maximalist's.

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China and Hong Kong Prepare for Cross-border Digital Yuan Testing

China’s central bank and the Hong Kong Monetary Authority (HKMA) are gearing up to conduct a pilot test of the e-yuan central bank digital currency (CBDC) system. The move further broadens the scope of the digital currency electronic payment (DCEP) with plans to introduce the currency in Macau as well.

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China’s Digital Currency to Roll-Out In A Second City After Successful Trials In Shenzhen

On Monday, local Chinese media The Paper reported that the district of Suzhou in Xiangcheng would launch a lottery to give away the country’s central bank digital currency (CBDC) in a bid to test the real-use cases of the digital currency.

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Alibaba Founder Says Digital Currencies Could Redefine Meaning of Currency

Chinese billionaire Jack Ma highlights the importance of digital currency adoption

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New Zealand will not adopt a digital currency for now

Despite not being ready to introduce its own digital currency, the Reserve bank of...

The post New Zealand will not adopt a digital currency for now appeared first on Coin Journal.

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Public Corda blockchain network gets its first digital currency, XDC

XDC, the first Corda Network digital currency has been launched today by Cordite Society Ltd, a co-operative society registered in the UK, who have leveraged the existing UK legal structure for mutual societies to operate a digital currency, providing the first onshore legal structure for decentralized finance.

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The Bahamas Is Planning To Make Its ‘Sand Dollar’ Digital Currency Available To A Global Audience

In late September, the Bahamas announced that it would officially launch its central bank digital currency known as the “Sand dollar” this month. According to reports, the country’s central bank is planning to make the CBDC interoperable on a global scale.

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The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era

New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving.

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Shenzhen to hand out 10 million digital yuan in currency giveaway

China is promoting its central bank digital currency with a public $1.5 million giveaway.

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PBOC Argues that China Needs to Be Leader in National Digital Currency Space to Shake Global Dollar Dependency

Coinspeaker PBOC Argues that China Needs to Be Leader in National Digital Currency Space to Shake Global Dollar DependencyNow China needs to establish a new payment system network to support its digital currency growth.

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China will demo its digital currency in major cities

The People’s Bank of China has approved the deployment of its Digital Currency Electronic...

The post China will demo its digital currency in major cities appeared first on Coin Journal.

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China’s Digital Currency Targets Alipay and WeChat Pay

China is dedicated to becoming the first country to roll out a central bank digital currency (CBDC). Its Digital Currency Electronic Payment (DCEP) system aims to replace all physical currency in the country, including coinage.

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US Legislators Want USD Digital Currency

US legislators have proposed the development of a US dollar digital currency that will rival the soon to be launched Yuan cryptocurrency. According to the lawmakers, the move would help… The post US Legislators Want USD Digital Currency appeared first on CoinCentral.

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Japan’s largest financial firm plans to issue its digital currency in 2020

During the 4th quarter of 2020, Japan’s largest financial firm (MUFG), also the fifth-largest bank in the world will kickstart the launch of its own digital currency, that is if everything goes as planned.

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Chinese Central Bank Partners with E-commerce Giant for CBDC Test

Chinese food delivery and e-commerce giant Meituan Dianping is the latest establishment to trial China’s digital currency electronic payment (DCEP) project; the country’s planned central bank digital currency (CBDC).

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Bank of England mulls digital currency as Chinese efforts surge

England’s premier bank announced Monday it is considering digital currency research and development. The post Bank of England mulls digital currency as Chinese efforts surge appeared first on CryptoSlate.

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China Begins Trials for its Sovereign Digital Currency

The digital currency developed by the Chinese central banks and government will certainly be something to behold. It now seems that the first trial run of the currency is underway. It has been rumored for some time now, but China’s national digital currency has finally arrived.

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French Central Bank Puts Out Call for Digital Currency Experiments

France's central bank is calling for digital currency proposals with an experiment that moves it to the front of Europe's CBDC debate.

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Sweden’s Riksbank Launches Its Central Bank Digital Currency (e-Krona) Testing

Sweden is getting closer and closer to issuing its own central bank digital currency (CBDC), as it already started testing the e-krona. The pilot program for the new digital currency is supposed to last for a year and thus, to end in February 2021.

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Conservative U.S. Think Tank Denies Need for Federal Digital Currency

The government should ensure consumers can use the preferred currency instead of launching a digital currency, according to U.S. think tank the Heritage Foundation

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Potential US Dollar Digital Currency Being Examined by Federal Reserve Governor

United States banking officials appear to be examining the feasibility of a dollar-based Central Bank Digital Currency (CBDC), a talking point that has been working the rumor mill for some time now.

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Cambodia to Launch Digital Currency with Support of 11 Banks

Two years after reports of a Cambodian cryptocurrency, the country is set to launch a central bank digital currency (CBDC) payment system. Project Bakong to Feature Centralized Digital Currency According to Cambodian daily Phnom Penh Post, the country’s central bank is set to roll out “Project Bakong,” a blockchain-powered money transfer platform that features a CBDC.

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China’s Digital Currency Still has No Launch Date But Will Continue its Development in 2020

China’s central bank said on Sunday that it doesn't have a launch date for its sovereign digital currency but will continue with its research and development, as per the local reports. A report in August said the central bank-backed digital currency could be launched as early as November but that is long gone. Last month, […]

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Unlike Libra, Digital Yuan Will Not Need Currency Reserves to Support Value: PBOC Official

PBOC wants to distinguish its own digital currency from rival private initiatives.

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PBOC’s Digital Currency Nearly Ready After 5 Years of Development

Coinspeaker PBOC’s Digital Currency Nearly Ready After 5 Years of DevelopmentA senior official of China's central bank announced at the China Finance 40 Group meeting that the country will soon roll out its central bank digital currency (CBDC).

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Marshall Islands to Launch National Digital Currency Through Physical Blockchain Banknotes

According to a press release published January 28, 2019, Tangem, a company in the business of producing blockchain smart card wallets, is set to issue the physical notes of the Sovereign (SOV) – the world’s first ever “decentralized digital national currency”.

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UAE And Saudi Arabia To Develop Digital Currency For Cross-Border Payments

The cryptocurrency pilot program will test the potential of a central bank digital currency.

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No Plans to Switch to Digital Currency Within Next 3-5 Years: Central Bank of Thailand

The BoT governor claims that the process of creating a central bank digital currency is too lengthy and complicated to allow the country to move from cash to digital currency within the coming 3-5 years.

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Iran Close to Shifting Rial to Digital Currency Due to Sanctions

Iran is about to launch its Rial digital currency, which is being developed by the Informatics Services Corporation. According to the agency’s CEO, Seyyed Abotaleb Najafi, the coin will support… The post Iran Close to Shifting Rial to Digital Currency Due to Sanctions appeared first on CoinCentral.

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Cryptocurrency Adoption: Australia Post Ventures into Digital Currency

An Australian company’s digital identity platform is helping users register on digital currency exchanges in minutes. The process is relatively faster than what other virtual currency exchanges have to offer.

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Thailand To Iissue Central Bank-Backed Digital Currency Using Corda Platform

The central bank of Thailand in cooperation with a group of financial institutions and banks will soon release a digital currency, which will be used in wholesale interbank operations. The platform the digital currency is built on is R3's Corda.

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; Beans, a digital coin in front of bitcoin

None of Cohen’s 265 employees knew it, but his company, Beenz — then the world’s largest digital currency — stood on the brink of collapse. Charles Cohen created Beenz, a “free, completely frictionless, real time internet currency” (via Infoworld).

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PBoC Filings reveals the big picture of the planned digital coin

The Digital Currency Research Lab at the People’s Bank of China has filed more than 40 patent applications so far – all as part of an aim to create a digital currency combining the core features of cryptocurrency and the existing monetary system.

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