The president of the European Central Bank (ECB), Christine Lagarde, has thrown her weight behind the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments. Speaking…
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Mnuchin fine with Libra launch if Financial Rules are Followed
U.S secretary of state Steve Mnuchin has said that he has no issues with the Libra launch as long as financial rules are followed. This comes as a bit of a surprise since the Libra project has faced the most…
Tunisia to Launch its Central Bank Digital Currency based on the Blockchain
The African nation of Tunisia is set to become the first country to digitize its national currency to a Blockchain platform. The digital version of the national currency is all the handy work of the country’s central bank. According to…
China unveils its new blockchain smart cities identification system
Blockchain smart cities solutions have a high potential to improve smart cities. China has taken the plunge to launch a blockchain-powered identification system
The FED is Looking to make a Blockchain Hire
The United States Federal Reserve is hiring a manager for its retail payments section in Washington DC. This was revealed by a Nov 3 U.S Central Bank job posting on its website looking for a new manager. The new manager…
Chinese Regulator: Libra must Abide to Regulations or get Banned
A Chinese senior regulator is of the opinion that Libra must be made to abide to international foreign exchange regulations or “it should be banned”. Sun Tiangi Chief accountant of China’s State Administration of foreign exchange (SAFE), made the comments…
The US Fed prints new dollars worth more than the Bitcoin market cap, prompting questions
The US Fed prints new dollars worth more than the entire Bitcoin market cap, prompting a Bitcoin expert to suggest that investors should buy Bitcoin.
Legal Loophole makes Political Crypto Donations legal in Japan
A Japanese minister has confirmed that crypto donations are perfectly legal in the country due to a classification loophole. According to a Reuters report, Japanese minister of internal affairs and communication Sanae Takaichi confirmed that new found legality of crypto…
Turkey Announces Plans to unveil Blockchain Infrastructure
Turkey just announced plans for the establishment of national Blockchain infrastructure geared at utilizing distributed ledger technology (DLT), in public administration. Blockchain and DLT a priority The country’s ministry of industry and technology set out its vision during its Strategy…
4 Countries that are Strongly Against Facebook’s Libra
Different governments around the world were unsettled after American social media giant Facebook announced a permissioned Blockchain digital currency, named Libra. This proposed digital currency that is reportedly backed by a number of major national currencies, did not excite financial…