The Peoples Bank of China (PBoC) is said to have come closer to issuing a national digital currency. According to an industry insider, the central bank is said to have completed work on the basic functions of the digital currency. The basic functions of the digital yuan have been implemented The basic functions, which according […]
Investors are currently struggling in all parts of the world, looking for investment alternatives, with crypto-currencies such as bitcoin being a serious consideration. Financial markets are currently facing their worst crisis since 1929 and in recent days the search volume for the most popular crypto-currency has increased on Baidoo and Google Trends. Bank of China […]
Two Japanese companies have developed a blockchain-based solution to respond to the large number of empty houses in Japan. The compliance platform for token issuers “Securitize” has joined forces with the Tokyo-based company LIFULL as part of this project. The aim is to create a financing platform that uses digital securities for investments in real […]
The Supreme Court in India has lifted a restriction on crypto trade. The Reserve Bank of India (RBI), had originally excluded banking services from the use of digital currencies. Reserve Bank of India’s attempt to ban crypto-currencies failed The Reserve Bank of India had made every effort to prohibit the trading of crypto assets by […]
The South Korean city of Seoul is introducing a blockchain-based petition system on the 1st of March. The system is intended to give citizens the opportunity to propose issues directly to the local administration. Residents of the capital can use the system to submit proposals to the government about possible changes to existing policies or […]
Six major central banks, including the Bank of Japan and the European Central Bank, are scheduled to meet in Washington in mid-April to discuss issues related to the likely introduction of central bank digital currencies. According to the Japan Times, the governors of the ECB and the central banks of the United Kingdom, Canada, Japan, […]
The Chinese central bank has injected liquidity worth 1.2 trillion yuan (174 billion dollars) into the markets on Monday through reverse repo transactions. This is expected to support stock markets as they reopen amid a new outbreak of the coronavirus. The Chinese authorities have announced that they will provide sufficient liquidity through various monetary policy […]
The United Arab Emirates (UAE) could save around $3billion billion in administrative costs by adopting blockchain technology. This information was released by a report published by the World Economic Forum. The aim of the study was to analyze factual examples of applications of blockchain technology and to concretize them. Mirek Dusek, who is a member […]
(Image: arborelza, istock) For the past three months China has been caught in a crypto-storm, with those operating within the crypto-industry struggling to keep their heads above the water in a sea of uncertainty. Last week, the notion of ‘blockchain not bitcoin’ resurfaced as the financial regulator in the city of Weihai warned investors to differentiate between […]
