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Digital

USDT depegged to the upside3

03 Apr 23

FedNow program aims to introduce fully digital US currency

As the United States Federal Reserve (Fed) prepares to launch FedNow — arguably its wholesale central bank digital currency (CBDC) — many analysts and investors are closely watching the potential implications on the cryptocurrency market. According to a recent video by finance YouTuber Morris Invest, the FedNow program aims to replace paper currency with a […]

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28 Mar 23

Bank of Japan prepares for digital yen pilot program

The Bank of Japan has announced its readiness to explore the issuance of a central bank digital currency (CBDC) through a pilot program launching in April, joining the global race to establish secure digital payment systems. The Bank of Japan has announced its intention to prepare for the potential issuance of a central bank digital […]

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18 Mar 23

Voyager Digital holds $725m despite liquidating millions of ethereum, SHIB

Voyager Digital holds $725m of various coins despite ongoing liquidations that started in September 2022. The lender’s balance follows a series of token transfers to other crypto firms to repay former clients in liquidation auctions. Voyager Digital’s asset transfers The troubled cryptocurrency company has transferred 158k ethereum (ETH), 5.9t SHIB, 123m Voyager Tokens (VGX), 36m […]

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20 Feb 23

Illinois lawmaker floats ‘weird’ digital property protection bill

Illinois’ Sen. Rebert Peters has introduced the digital property protection act, which aims to mandate blockchain projects in the state to reverse already executed on-chain transactions when ordered by a court. The digital property protection bill Illinois Democratic party Sen. Robert .J. Peters has introduced a crypto regulation bill that aims to immunize the state’s […]

Legislation Regulation generic 2

26 Jan 23

White House wants feedback on digital asset policy

In its ongoing National Digital Assets Research and Development Agenda, the White House Office of Science and Technology Policy (OSTP) has gotten to a phase where it seeks feedback from individuals and organizations. Following the introduction of its comprehensive framework for the Responsible Development of Digital Assets, the OSTP acted on a presidential order to […]

China

20 Jan 23

China’s digital yuan now supports smart contracts

Upgrades have been made to China’s Central Bank Digital Currency (CBDC), also known as the digital yuan or eCNY, including smart contract functionality and some recently disclosed use cases. Meituan food service platform deploys e-CNY smart contracts According to a Jan. 17 report by 8BTC, a Chinese app Meituan that provides retail and food delivery services […]

European Union

17 Jan 23

EU finance ministers’ group state political aspects of digital euro

The Eurogroup reaffirmed its support for digital euro research but underlined that some of the design and application features under consideration would necessitate political decisions. Following a meeting in Brussels, the eurozone finance ministers issued a statement on the launch of the digital euro. According to the report, Eurogroup meets regularly to examine the political […]

Legislation Regulation generic 1

11 Jan 23

Argentina legislation may force citizens to declare their digital asset holdings

Argentina is set to introduce a new draft bill requiring citizens to declare their cryptocurrency holdings. Otherwise, they could face hefty tax penalties. Argentina’s new draft bill targets crypto assets The bill is meant to tighten the country’s anti-money laundering rules and will be presented to the Federal Administration of Public Revenues (AFIP) in the […]

Bitcoin FUD

04 Jan 23

UK National Crime Agency hits back at digital gangsters

The National Crime Agency (NCA), the UK’s national agency for combating digital organized crime, has announced plans to create a specialized team dedicated to dealing with cryptocurrency and virtual assets. Report reveals 32% increase in UK crypto crimes A new report by British police unit Action Fraud has revealed that cryptocurrency-related crimes in the United […]

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02 Jan 23

Hong Kong brokers prepare ground to trade digital assets

Financial services companies in Hong Kong are moving quickly to establish the basis for their retail clients to be allowed to trade digital assets in the upcoming months. Brokers and fund managers prepare for trading in virtual assets Last month, the Legislative Council approved an amendment to the anti-money laundering and counter-terrorist financing act. It […]

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