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Terraform Founder Do Kwon Charged for Forging Documents by Montenegrin Police
Montenegrin police on Friday formally charged Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (nearly Rs. 3,29,500 crore) or more last year, for forging official documents after arresting him on Podgorica airport.
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Binance Granted Regulatory Approval to Manage and Trade Virtual Currencies in Sweden
The Swedish regulators have approved Binance Nordics AB to facilitate the management and trading of virtual currencies for its nationals. Crypto investors in Sweden will now have options to purchase digital assets in Euros and utilise Binance Visa card as well as Binance NFT services.
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Ex China Central Bank Official Says Digital Yuan is Little Used
Expressing disappointment with the result of a trial in select provinces and cities, the former official, Xie Ping, told a conference that application of the so-called digital yuan needed to be widened.
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NFL Franchise Houston Texans Ties Up With BitWallet to Allow BTC Payments for Single Game Suites
The Houston Texans NFL team has partnered with BitWallet to become the team’s official digital currency wallet. Fans of the NFL team will be able to use bitcoin to purchase single game suites using BitWallet as the intermediary to facilitate the conversion of bitcoin to fiat upon purchase.
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Colombia to Soon Get Digital Currency Aimed at Slashing Tax Evasion Crimes
Tax evasion in Colombia is a major issue and is estimated to account for up to eight percent of the country’s gross domestic product (GDP) so far. Under the newly officiated Colombian President Gustavo Petro, the government of Colombia is banking on the development and use of a national digital currency to prevent financial crimes thriving in the...
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China Vows Privacy, Information Protection In Using Digital Yuan
China will fully respect privacy and protect personal information in using the digital yuan, state media quoted a senior central bank official as saying on Sunday, as Beijing encourages greater adoption of e-CNY.
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RBI Working to Implement Digital Currency in Phased Manner for Wholesale, Retail Segments, Says Official
The Reserve Bank of India (RBI) is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for the wholesale and retail segments, an official said. CBDC is a digital or virtual currency but it is not comparable to the private virtual currencies or cryptocurrency.
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Proposed Digital Currency No Threat To Bank Of England's Operations: Official
Bank of England is due to consult this year about whether it should create its own digital currency - a competitor of sorts to cryptocurrencies
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Digital Currency May Impact Monetary Policy Formulation: US Fed Official
Digital currency development could change how the Federal Reserve conducts monetary policy, says New York Fed President John Williams
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Regulating Crypto Assets Along With Digital Currency Among Top Structural Issues For India: IMF Official
Regulating crypto assets along with digital currency, addressing the remaining regulatory concerns in the banking sector and integrating with the global economy are among the few mid-term structural issues for India, a top official from the International Monetary Fund has said.
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Bank of Japan Says Won’t Issue Digital Currency to Achieve Negative Rates
The Bank of Japan won’t issue any digital currency with the aim of achieving negative interest rates, a senior BOJ official said on Wednesday, the clearest denial yet of an idea often floated by analysts and academics.
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EU Ministers Claim Digital Euro Could Introduce Additional Privacy Safeguards
EU officials stated during a meeting of the currency bloc's finance ministers on Monday that a new digital euro will offer improved privacy for smaller transactions but will not provide complete anonymity.
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Vietnamese Deputy PM Orders Legal Framework for Virtual Assets, Assigns Task to Finance Ministry
The deputy PM of Vietnam has ordered research around crypto assets, in order to give the country its crypto laws. The ministry of finance and the State Bank of Vietnam will be drafting the crypto rules, as per the official orders. Vietnam is also looking to explore the creation and pilot use of a CBDC by 2023.
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Russia Could Consider Using the Digital Ruble as Reserve Currency to Boost Economy
Faced with escalating Western sanctions, Russian officials have been considering ways to evade existing restrictions on the country's access to its foreign reserves and the global financial system with some lawmakers suggesting the introduction of the Digital Ruble as a reserve currency.
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Jamaica Offers Incentive to First 100,000 Jam-Dex Users to Push CBDC Adoption
Jam-Dex is the official CBDC of Jamaica, that is ready to roll out any day now. The government of Jamaica is offering an additional $16 to the first 100,000 adopters of Jam-Dex. Those with pre-existing bank accounts will also get a ready-made digital wallet for Jam-Dex virtual currency.
-
Terraform Founder Do Kwon Charged for Forging Documents by Montenegrin Police
Montenegrin police on Friday formally charged Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (nearly Rs. 3,29,500 crore) or more last year, for forging official documents after arresting him on Podgorica airport.
-
Binance Granted Regulatory Approval to Manage and Trade Virtual Currencies in Sweden
The Swedish regulators have approved Binance Nordics AB to facilitate the management and trading of virtual currencies for its nationals. Crypto investors in Sweden will now have options to purchase digital assets in Euros and utilise Binance Visa card as well as Binance NFT services.
-
Ex China Central Bank Official Says Digital Yuan is Little Used
Expressing disappointment with the result of a trial in select provinces and cities, the former official, Xie Ping, told a conference that application of the so-called digital yuan needed to be widened.
-
NFL Franchise Houston Texans Ties Up With BitWallet to Allow BTC Payments for Single Game Suites
The Houston Texans NFL team has partnered with BitWallet to become the team’s official digital currency wallet. Fans of the NFL team will be able to use bitcoin to purchase single game suites using BitWallet as the intermediary to facilitate the conversion of bitcoin to fiat upon purchase.
-
Colombia to Soon Get Digital Currency Aimed at Slashing Tax Evasion Crimes
Tax evasion in Colombia is a major issue and is estimated to account for up to eight percent of the country’s gross domestic product (GDP) so far. Under the newly officiated Colombian President Gustavo Petro, the government of Colombia is banking on the development and use of a national digital currency to prevent financial crimes thriving in the...
-
China Vows Privacy, Information Protection In Using Digital Yuan
China will fully respect privacy and protect personal information in using the digital yuan, state media quoted a senior central bank official as saying on Sunday, as Beijing encourages greater adoption of e-CNY.
-
RBI Working to Implement Digital Currency in Phased Manner for Wholesale, Retail Segments, Says Official
The Reserve Bank of India (RBI) is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for the wholesale and retail segments, an official said. CBDC is a digital or virtual currency but it is not comparable to the private virtual currencies or cryptocurrency.
-
Proposed Digital Currency No Threat To Bank Of England's Operations: Official
Bank of England is due to consult this year about whether it should create its own digital currency - a competitor of sorts to cryptocurrencies
-
Digital Currency May Impact Monetary Policy Formulation: US Fed Official
Digital currency development could change how the Federal Reserve conducts monetary policy, says New York Fed President John Williams
-
Regulating Crypto Assets Along With Digital Currency Among Top Structural Issues For India: IMF Official
Regulating crypto assets along with digital currency, addressing the remaining regulatory concerns in the banking sector and integrating with the global economy are among the few mid-term structural issues for India, a top official from the International Monetary Fund has said.
-
Bank of Japan Says Won’t Issue Digital Currency to Achieve Negative Rates
The Bank of Japan won’t issue any digital currency with the aim of achieving negative interest rates, a senior BOJ official said on Wednesday, the clearest denial yet of an idea often floated by analysts and academics.
-
EU Ministers Claim Digital Euro Could Introduce Additional Privacy Safeguards
EU officials stated during a meeting of the currency bloc's finance ministers on Monday that a new digital euro will offer improved privacy for smaller transactions but will not provide complete anonymity.
-
Vietnamese Deputy PM Orders Legal Framework for Virtual Assets, Assigns Task to Finance Ministry
The deputy PM of Vietnam has ordered research around crypto assets, in order to give the country its crypto laws. The ministry of finance and the State Bank of Vietnam will be drafting the crypto rules, as per the official orders. Vietnam is also looking to explore the creation and pilot use of a CBDC by 2023.
-
Russia Could Consider Using the Digital Ruble as Reserve Currency to Boost Economy
Faced with escalating Western sanctions, Russian officials have been considering ways to evade existing restrictions on the country's access to its foreign reserves and the global financial system with some lawmakers suggesting the introduction of the Digital Ruble as a reserve currency.
-
Jamaica Offers Incentive to First 100,000 Jam-Dex Users to Push CBDC Adoption
Jam-Dex is the official CBDC of Jamaica, that is ready to roll out any day now. The government of Jamaica is offering an additional $16 to the first 100,000 adopters of Jam-Dex. Those with pre-existing bank accounts will also get a ready-made digital wallet for Jam-Dex virtual currency.
