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Global Digital Finance Warns Hong Kong’s Proposed Rule Will Send Crypto Investors to Unregulated Exchanges
Recently, the crypto industry players in Hong Kong have focused on fighting a proposed law that limits crypto trading only to professional investors, which will practically see about 93% of the populace locked out of the crypto market. дальше »
2021-2-16 21:20 | |
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What India’s proposed Bitcoin ban means for the future of independent digital assets
As recently reported, the budget session of the lower house of India’s bicameral Parliament kicked off with a piece of rather alarming news for Bitcoiners in India when it listed a bill that seems to ban private Cryptocurrencies. дальше »
2021-2-2 18:52 | |
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Valkyrie Digital Assets filed for a Bitcoin ETF with the US SEC
Texas-based Valkyrie Digital Assets has filed for a bitcoin exchange-traded fund (ETF) with the US Securities Exchange Commission (SEC). The firm filed this application on January 22, noting that the proposed ETF is named Valkyrie Bitcoin Fund. дальше »
2021-1-27 09:40 | |
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Sweden Is Working with Corda’s DLT for the e-Krona CBDC Proof-of-Concept
The Swiss central bank is already working with Corda’s Distributed Ledger Technology (DLT) for its CBDC proof-of-concept in the proposed e-krona digital currency. Cecilia Skingsley, the bank’s deputy governor, confirmed this development while speaking yesterday at the CFC St. дальше »
2021-1-22 23:20 | |
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Swedish Bankers Express Concern Over Central Bank’s e-Krona Plans
While Sweden’s central bank is exploring the possibilities of creating its proposed central bank digital currency (CBDC) known as the e-krona, bankers in the country do not seem thrilled about the idea, as they are worried that a CBDC could affect the banking system. дальше »
2021-1-7 16:00 | |
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Bankers Fear Sweden’s Proposed Digital Currency May Fundamentally Change Banking
Swedish bankers have expressed concerns over the country’s proposed CBDC dubbed e-krona according to a Reuters report on Tuesday. This pipeline CBDC has been in the works for over a year and is being considered for mainstream roll out by Riksbank, Sweden’s monetary authority. дальше »
2021-1-6 17:56 | |
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Bankers in Sweden express concerns over e-Krona digital currency project
Banks in Sweden are now concerned with regard to the country’s proposed CBDC project, the e-krona, which they believe could have a significant impact on their industry. Sweden, which is seeing The post Bankers in Sweden express concerns over e-Krona digital currency project appeared first on AMBCrypto. дальше »
2021-1-6 22:00 | |
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FinCEN Mulls Imposing Proposed Crypto Wallet Regulation, Crypto Community Reacts
On Dec 18, 2020, The Financial Crimes Enforcement Network (FinCEN), took a step closer to implementing its long-dreaded crypto wallet regulation. What Is the Proposal? Under the proposed rule, crypto exchanges would be obliged to make crypto users comply with know your customer (KYC) requirements when transferring their digital assets to personal wallets. FinCEN nowRead More дальше »
2020-12-20 16:00 | |
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Russia proposes amendments to its tax law to clarify crypto regulation
The Russian Ministry of Finance intends to make amendments to its tax law in a bid to clarify regulations surrounding crypto taxation. The ministry unveiled this news on November 11 through an article, noting that the proposed changes are necessary for the implementation of the rules embedded in the law on digital financial assets and digital currencies, which the country adopted in the summer of 2020. дальше »
2020-11-14 16:47 | |
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ECB President Christine Lagarde Welcomes Public’s Opinion on CBDC
European Central Bank President Christine Lagarde said policymakers are “exploring the possibility of launching a digital euro. ” On Nov. 1, Lagarde tweeted that the ECB is looking to hear the views of consumers and stakeholders on the proposed central bank digital currency (CBDC) and opened up the floor to public consultation. дальше »
2020-11-2 03:08 | |
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Digital Euro Named One of ECB’s Four Strategic Priorities
European Central Bank (ECB) executive board member Fabio Panetta has praised the proposed Digital Euro as “A simple, costless, risk-free, and trusted digital means of payment” that would be universally accepted across the Eurozone. дальше »
2020-10-23 12:17 | |
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Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency
As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy. дальше »
2020-10-20 12:15 | |
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English Law Reforms Proposed for Bitcoin and Ethereum to “Flourish”
The Law Commission for England and Wales has began two new strands of work related to smart contracts and digital assets. They are to analyze the current English legal system... дальше »
2020-10-1 15:58 | |
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US Federal Reserve Actively Working on Digital Dollar
The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency. дальше »
2020-9-27 21:30 | |
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Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law
Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli […] The post Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law appeared first on Bitcoin News. дальше »
2020-9-26 02:00 | |
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Fed Researching CBDC & Planning to Deposit ‘Digital Dollars’ Directly To the Digital Wallets of Americans
Federal Reserve Bank of Cleveland President Loretta Mester revealed that each American would receive digital dollars directly. She said, “Legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments. дальше »
2020-9-24 17:32 | |
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Bermuda-Based Digital Asset Bank, Jewel, Partners With Crypto Custodian Anchorage
Jewel, a proposed digital asset bank in Bermuda, has been added as one of the clients to Anchorage’s digital asset custodial services. The yet to be approved digital asset bank announced on September 16, noting that the move will be beneficial to crypto companies based on the island. дальше »
2020-9-17 19:23 | |
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Bank of Korea Set to Select CBDC Pilot Program Consulting Partner
South Korea’s central bank has disclosed details for a proposed consulting partnership as part of its second stage of preparation for launching a central bank digital currency (CBDC). According to the Bank of Korea (BOK), the desired consulting partner will be a local firm that will help the BOK build the architecture for the proposed […] The post Bank of Korea Set to Select CBDC Pilot Program Consulting Partner appeared first on BeInCrypto. дальше »
2020-9-1 10:00 | |
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Japan: Central Bank’s Top Economist to Lead Department Researching CBDC
Japan continues to intensify efforts in its proposed central bank digital currency (CBDC) project as the country’s central bank has appointed its top economist to oversee the department conducting research on CBDC. дальше »
2020-8-1 01:00 | |
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South Korea to Implement 20% Income Tax on Crypto Gains After Finalizing on New Tax Code
South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […] дальше »
2020-7-22 18:59 | |
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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. дальше »
2020-7-22 18:18 | |
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Bank of Canada Experts Say CBDC Model Should Be Made Accessible
Some analysts from Canada’s central bank, the Bank of Canada (BoC), opined that some of the key characteristics of a proposed central bank digital currency (CBDC) model should be accessibility, efficiency, affordability, and resilience. дальше »
2020-7-1 00:07 | |
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China CBDC Leak Shows Alleged Video of RMB to Digital Yuan Conversion
A leaked video has reportedly emerged in China showing the conversion of renminbi (RMB) into digital yuan for use in the country’s proposed digital currency electronic payment (DC/EP) project. According to a tweet by Chinese crypto news outlet 8BTCNews, the video appeared on WeChat. дальше »
2020-5-30 13:22 | |
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Chinese Officials Propose East Asian Stablecoin
Chinese officials proposed a regional stablecoin backed by four major Asian currencies. The proposed digital currency is meant to stimulate trade between China, Japan, and Korea. A Cross-Border Currency Shen... The post Chinese Officials Propose East Asian Stablecoin appeared first on Crypto Briefing. дальше »
2020-5-22 05:40 | |
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Iranian Parliament Proposes to Regulate Cryptocurrencies Under ‘Currency Smuggling’ Laws
The Iranian parliament has proposed to regulate cryptocurrency exchanges and digital currencies under the existing ‘foreign currency exchange’ regulations and ‘money smuggling’ laws, reported a local daily. дальше »
2020-5-21 19:29 | |
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Binance Adds Ontology-Pegged Asset to Binance Chain Providing an Alternative for Trading Major Cryptocurrency
April 20, 2020 – Binance, the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, issued ONT-33D, a crypto asset pegged to Ontology (ONT) tokens, on the Binance Chain and proposed to list it on Binance DEX, the decentralized exchange feature developed on top of the Binance Chain. дальше »
2020-4-21 16:03 | |
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Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar Proposed
Another week, another round of Crypto Tidbits. Over the past week, Bitcoin has flatlined, trading between $6,500 and $6,800 for a number of days. Almost all altcoins followed suit, also posting close to no notable price action over the past few days. дальше »
2020-3-28 06:00 | |
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South Korea May Get A New Crypto Custodian After Largest Bank Files Trademark App
KB Kookmin Bank, the largest bank in South Korea, is preparing to launch its cryptocurrency custody service as soon as possible. As per the local news outlet Digital Today reported on March 27, KB Kookmin Bank filed a KBDAC trademark application in which it referred to the Digital Asset Custody subsidiary it proposed in January, […] дальше »
2020-3-27 18:10 | |
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Digital Dollar Wallets Considered for Coronavirus Crisis Payments
As part of a plan to aid the unbanked in the US, politicians are considering the use of crypto dollars and digital wallets to speed the disbursement of direct emergency funds. The move comes as massive monetary stimulus packages are proposed to save the sinking economy. дальше »
2020-3-25 18:16 | |
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China's digital Yuan, Libra may be 'good reasons' to prioritize 'Digital Dollar'
In late 2019, former CFTC Chairman J. Christopher Giancarlo's op-ed for the Wall Street Journal turned a lot of heads in the community. Giancarlo had publicly proposed the idea of digitizing the U. дальше »
2020-3-25 18:00 | |
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China: Central Bank Inching Closer to CBDC Issuance
China has reportedly made significant progress with the basic functions of its proposed central bank digital currency (CBDC) based on patent filings submitted by Chinese fintech giant Alipay. Beijing Inching Closer to CBDC Issuance According to the Global Times, Alipay filed five patents related to its work on China’s planned CBDC between January 21 andRead MoreRead More. дальше »
2020-3-24 22:00 | |
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3 Reasons Why Bitcoin Price is Bullish Right Now
Bitcoin price has jumped over 15% during the last 24 hours, currently trading above $6,700. Here are three main reasons behind the surge: Congress Discuss Digital Dollar by Fed to Fight Crisis House Democrats proposed two bills that revolve around the creation of a digital dollar and digital wallets, so that the Federal Reserve (Fed) could transfer digital cash directly to individuals and businesses. дальше »
2020-3-25 16:00 | |
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Facebook Plans to Redesign Project Libra Due to Regulatory Hurdles
Facebook and the Libra Association are making plans to redesign project Libra in a bid to scale the ending regulatory hurdles that have plagued the global crypto project. Sources say the proposed Libra network may function as a payments network, supporting other cryptocurrencies including central bank digital currencies (CBDCs), reports Bloomberg on March 4, 2020. дальше »
2020-3-4 18:00 | |
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National Crypto Rupee Proposed in Indian Draft Blockchain Strategy
Just a week after the Reserve Bank of India confirmed legal status for crypto currency, a draft national strategy on blockchain has called for an official digital rupee. India to Advance in Blockchain Tech According to reports, the National Institute for Smart Governance (NISG) has submitted a draft strategy on blockchain for stakeholder comments which will help define the ecosystem for distributed ledger technology and crypto in India. дальше »
2020-1-29 08:30 | |
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Digital dollar not derivative of fiat; will be backed like legal tender
Back in October 2019, when J. Christopher Giancarlo, former CFTC Chairman, wrote an op-ed for the Wall Street Journal that proposed blockchain-based digital cash to tackle the issue of the declining UThe post Digital dollar not derivative of fiat; will be backed like legal tender appeared first on AMBCrypto. дальше »
2020-1-22 12:00 | |
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The stablecoin regulation landscape for 2020
With the announcement of the proposed Libra digital currency in 2019, even skeptical officials were forced to accept that crypto assets are here to stay. Stablecoins are seen as a priority for 2020, with national and global regulators publishing a variety of stablecoin research across the last 12 months. дальше »
2020-1-11 14:07 | |
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RBA to Block Facebook’s Libra in Australia
Australia is the latest country to reject Libra — Facebook’s proposed digital currency payment project. The country’s central bank also says sovereign digital currencies are unnecessary given that commercial banks already have working electronic payment solutions. дальше »
2020-1-9 18:00 | |
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US Congress to Consider Cryptocurrency Act in 2020
The U. S. cryptocurrency scene might be on the way to seeing clear cut crypto regulations as Congress prepares to consider a new bill detailing modalities for digital asset oversight. Clear Definition for Digital Assets According to Forbes, the proposed bill titled ‘Cryptocurrency Act of 2020’ seeks to provide a clear framework for crypto regulations in the U. дальше »
2019-12-20 15:00 | |
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China's PBoC announces test-launch of DC/EP model in Shenzhen, Suzhou
After announcing its support for a state-backed digital asset back in August, China's proposed CBDC is edging closer to becoming a reality and becoming a part of the country's financial ecosystem. дальше »
2019-12-9 13:00 | |
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Government Restrictions on Cash Transactions Show Why Bitcoin is Important
The government of Australia wants to ban cash payments for goods and services exceeding 10,000 AUD ($6,900). Interestingly, it excludes digital currency, such as Bitcoin, from the restrictions, arguing that if the regulations cover crypto assets, they would also limit innovation. дальше »
2019-7-30 02:00 | |
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