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The Japanese government is getting serious about a CBDC. The Japanese government is expected to include consideration of a central bank digital currency (CBDC) in its official economic plan. The news comes 10 days after the Bank of Japanâs announcement that it will start experimenting with the digital yen to check its feasibility from a technical perspective. According to Nikkei,...
G20 officials announced on July 11 that they would begin laying the regulatory groundwork for the group to accept digital payments. Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia. As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries and the European...
ICOmarks social responsibility During the pandemic, the importance of human knowledge has become even clearer. Therefore ICOmarks.com decided to support a non-profit project on DNA. We believe that it is extremely important to build a project to collect information and discoveries related to human DNA. We support the project informatively with our community database, banners. And we have transferred symbolic...
The Financial Action Task Force (FATF), whose advice is heeded by more than 200 countries, will meet in October to discuss ways to create a stronger global framework for the regulation of cryptocurrencies. In a report Tuesday to the G-20 finance ministers and central bank governors, the international financial watchdog said regulators need to cooperate to make measures such as...
Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that primary demand and adoption indicators remain positive. The report concludes that Bitcoin is set for a breakout with a target at the $13,000 resistance. Although this perspective...
Switzerlandâs InCore Bank AG has become the first financial institution in the country to offer banking services to Kraken clients. Announced Thursday, the move means clients located in the EU will be able to fund their accounts using Single Euro Payments Area (SEPA) deposits â the payment integration project the EU designed to simplify euro bank transfers. The companies said...
Salvatore Palella is often credited as the man who brought electric scooters to Italy. Less known is his attempt to bring ride-sharing to the blockchain. In June 2019, Italian Minister of Transportation Danilo Toninelli granted a decree to allow micro-mobility businesses to operate in cities that decided to participate in an e-scooter trial, at Palellaâs urging. Thatâs the story the...
Malcolm Campbell-Verduyn is assistant professor of International Political Economy at the University of Groningen in the Netherlands. He is editor of the book Bitcoin and Beyond. Moritz HĂŒtten is researcher on blockchains and the future of work at Darmstadt Business School, in Germany. The Travel Rule officially extends to âvirtual asset services providersâ (VASPs) this month. It requires that VASPs,...
Telegram will pay $18.5 million and notify the U.S. Securities and Exchange Commission (SEC) if it plans to issue any sort of digital currency in the next three years in a proposed settlement with the securities regulator, a court filing revealed Thursday. The settlement, which was reached on June 11 and effectively ends a six-month court fight with the agency,...
The suicide of a 20-year-old Robinhood trader should be a wake-up call for cryptocurrency exchanges that put revenue above customer protection, said a U.S. exec at one of the worldâs largest such venues. Many exchanges were designed to encourage users to trade as frequently as possible, often with money they donât have, and resembled casinos more than responsible trading platforms,...
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