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World's First National Digital Currency to Be Built on Algorand

World's First National Digital Currency to Be Built on Algorand

World’s First National Digital Currency to Be Built on Algorand

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

The Singaporean government has deployed a US$ 8.9 million national blockchain initiative dubbed the Singapore Blockchain Innovation Program (SBIP).

Sierra Leone Revamps National ID Infrastructure with Blockchain

Sierra Leone Revamps National ID Infrastructure with Blockchain

According to Sierra Leone’s President, Julius Maada Bio, the nation intends to use blockchain technology in restructuring the national ID system.

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

The Australian National Blockchain Roadmap Steering Committee is seeking expressions of interest from its domestic blockchain community to create working groups on supply chain and credentialing.

Turkish Government Announces Plans for National Blockchain Infrastructure

Turkish Government Announces Plans for National Blockchain Infrastructure

The Ministry of Industry and Technology of the Turkish Government announced its plan for a national blockchain infrastructure used in public administration on Sept. 18 in Ankara.

First Blockchain National Currency Platform Ready for Central Banks’ CBDC Issuance

First Blockchain National Currency Platform Ready for Central Banks’ CBDC Issuance

The blockchain national currency platform issued by blockchain company Apollo Fintech was finalized and completed on August 12.

Libra Adds New Nonprofit Member Heifer International to Tackle World Hunger and Poverty After Enduring Months of Regulatory Scrutiny

Libra Adds New Nonprofit Member Heifer International to Tackle World Hunger and Poverty After Enduring Months of Regulatory Scrutiny

The Libra Association has welcomed a new member, Heifer International, a nonprofit organization aimed to tackle world hunger and poverty. The addition of Heifer International brings the tally of members in the Libra Association to twenty-three.

Coinbase Launches Crypto Transactions via WhatsApp, Telegram, and Other Messaging Platforms

Coinbase Launches Crypto Transactions via WhatsApp, Telegram, and Other Messaging Platforms

Coinbase introduces a new feature in its Wallet app, allowing users to send crypto via WhatsApp, Telegram, and other platforms with no fees and instant settlement.

New BIS Report Advocates Using Embedded Monitoring Trackers For Stablecoins

New BIS Report Advocates Using Embedded Monitoring Trackers For Stablecoins

A new report from the Bank for International Settlements has advocated the deployment of ‘Embedded Systems’ in the monitoring of global stablecoin projects.

US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.

OpenAI and Los Alamos National Laboratory Forge Research Partnership

OpenAI and Los Alamos National Laboratory Forge Research Partnership

OpenAI collaborates with Los Alamos National Laboratory to develop safety evaluations for assessing biological capabilities and risks.

National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers

National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers

The Acting President of the National Bank of Georgia, Archil Mestvirishvili, stated that the bank has not only been monitoring the observance of financial sanctions but also expanded its oversight to virtual asset service providers.

Terra's Partnership with Washington Nationals Raises Eyebrows

Terra's Partnership with Washington Nationals Raises Eyebrows

Terra, the cryptocurrency ecosystem that collapsed in May 2022, made a prominent appearance at Nationals Park during the Washington Nationals' home opener on March 30. Despite Terra's collapse, a partnership between the company and the baseball team had been in effect since February 2022, with the Terra community committing $38.2 million over five years to secure the deal. Terra's founder, Do Kwon, is currently in police custody in Montenegro and is reportedly facing harsh conditions in the penal system.

Trump's National Security Council Sees DLT as Critical Weapon in US-China Tech War

Trump's National Security Council Sees DLT as Critical Weapon in US-China Tech War

The United States National Security Council has named distributed ledger technology (DLT) as one the most critical focus areas in its tech war with China and Russia.

Blockchain Technology Powers Brazil's National Identity Card Issuance

Blockchain Technology Powers Brazil's National Identity Card Issuance

Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.

Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold

Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold

The Bank of China's Shanghai branch successfully settled a $14 million e-CNY CBDC for gold, marking a significant advancement in digital currency's role in international trade.

Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.

Singapore Unveils Ambitious National AI Strategy 2.0 for Future-Ready Innovation

Singapore Unveils Ambitious National AI Strategy 2.0 for Future-Ready Innovation

Singapore's updated National AI Strategy 2.0, launched on Dec 4, focuses on expanding AI talent to 15,000, building an AI community hub, and integrating AI across various sectors for public good.

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

Lawmakers in the US are coaxing the federal government to consider a national blockchain strategy for regulation and growth, citing China’s Blockchain Service Network as an example.

Blockchain Market Report: 2019 H1 Review

Blockchain Market Report: 2019 H1 Review

Report: 2019 H1 Review

BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?

BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?

The Bank for International Settlements (BIS) has released its newest quarterly report on the changes in the payment industry, including the market impact of the recent coronavirus outbreak. Some of the trends mentioned in the report include stablecoins, tokenized securities, central bank digital currencies (CBDCs), cross-border payments, and peer-to-peer payments.

China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications

China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications

China appears to be on edge regarding Oracle and Walmart’s deal with parent company ByteDance for TikTok’s US operations, calling it an “unfair deal.”

China to Strengthen Artificial Intelligence Development with New Legislation

China to Strengthen Artificial Intelligence Development with New Legislation

China has included a draft AI law in its legislative agenda for the State Council in 2023, which will be reviewed by the National People's Congress.

National Bank of Georgia Considers Launching Its Own Central Bank Digital Currency

National Bank of Georgia Considers Launching Its Own Central Bank Digital Currency

The National Bank of Georgia believes that the CBDCs have become essential for the financial ecosystem to improve financial inclusion and enhance domestic payment systems.

G7 Set to Release the Guidelines for the Creation of CBDCs

G7 Set to Release the Guidelines for the Creation of CBDCs

The Group of Seven (G7) industrialized nations are looking forward to accepting the proposals of a draft which seeks to enshrine some set of standards in the creation and issuance of CBDCs.

Kazakhstan to Integrate its Digital Tenge into the BNB Chain

Kazakhstan to Integrate its Digital Tenge into the BNB Chain

Binance CEO has confirmed the National Bank of Kazakhstan will integrate its Digital Tenge into the BNB Chain ecosystem

TP Global FX Broker Taps Belfrics International to Trade Crypto Derivatives

TP Global FX Broker Taps Belfrics International to Trade Crypto Derivatives

TP Global Limited is a major FX Broker that strives to help traders earn on their investments. The FX broker is currently seeking to take advantage of the rising popularity of blockchain/cryptocurrencies services.

Perianne Boring: Fostering Blockchain Through Regulatory Uncertainty

Perianne Boring: Fostering Blockchain Through Regulatory Uncertainty

Perianne Boring is the President and Founder of the Chamber of Digital Commerce, the world's first and largest blockchain trade association. Boring began her career as a legislative analyst in the U.S. House of Representatives, advising on finance, economics, tax, and healthcare policy. Prior to forming the Chamber, Boring was a television host and anchor of an international finance program that aired in more than 100 countries to over 650 million viewers.

South Korean Gaming Giant Wemade Faces $41 Million Tax Bill for Crypto Operations

South Korean Gaming Giant Wemade Faces $41 Million Tax Bill for Crypto Operations

South Korean gaming firm Wemade faces a $41 million tax bill for its crypto operations, highlighting the complexities of regulatory compliance in the blockchain gaming industry.

A Brief History of US National Credit Defaults

A Brief History of US National Credit Defaults

Which nation’s credit is the most reliable? Many casual economic observers would say “America” without hesitation. But do the United States really have a stellar-credit record? No actually, not really at all. In fact, a conscientious look over the last few centuries would reveal that the nation’s brief history is riddled with national credit defaults.

CFTC Report Underscores DeFi Risks and Calls for Action

CFTC Report Underscores DeFi Risks and Calls for Action

The CFTC report on DeFi underscores significant risks to the U.S. financial system, national security, and consumer protection, emphasizing the need for increased understanding, regulation, and collaboration in the sector.

NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot

NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot

The National Bank of Georgia progresses with its Digital GEL Pilot Project, focusing on the exploration of Central Bank Digital Currency (CBDC) technology. Nine technology firms, including Ripple Labs, Inc., have been shortlisted for potential collaboration. The initiative mirrors global trends in modernizing financial infrastructures to meet the digital economy's evolving demands.

US Congress Proposes Bill to Restrict Government Interactions with Foreign Adversarial Blockchain Networks

US Congress Proposes Bill to Restrict Government Interactions with Foreign Adversarial Blockchain Networks

US Congress introduces H.R.6307, limiting government interactions with Chinese blockchain networks, addressing national security and data privacy concerns, and urging increased scrutiny in the technology sector.

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks

Binance, in conjunction with the Royal Thai Police, has successfully disrupted major crypto fraudulent networks in Thailand through two significant operations. The collaboration led to the arrest of key individuals and substantial asset seizures, underscoring Binance's proactive stance against cybercrime and its ongoing commitment to enhancing security within the digital asset ecosystem.

Bank for International Settlements to Issue a PoC CBDC With the Swiss Central Bank Before the End of 2020

Bank for International Settlements to Issue a PoC CBDC With the Swiss Central Bank Before the End of 2020

The Bank for International Settlements is set to issue a CBDC at the Proof of Concept stage in conjunction with the Swiss National Bank before year-end.

US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official

US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.

UK to Host First International AI Safety Conference in November

UK to Host First International AI Safety Conference in November

The United Kingdom is set to host the world's first international conference on AI safety on November 1-2, 2023. The summit aims to position the UK as a mediator in tech discussions between the US, China, and the EU. Prime Minister Rishi Sunak will host the event at Bletchley Park, featuring notable attendees like US Vice President Kamala Harris and Google DeepMind CEO Demis Hassabis. The conference will focus on the existential risks posed by AI, among other safety concerns.

IMF Educational Cryptocurrency Video Receives Backlash from Bitcoin and Crypto Experts

IMF Educational Cryptocurrency Video Receives Backlash from Bitcoin and Crypto Experts

A video posted by the International Monetary Fund (IMF) on its social platform has generated a lot of criticism from the cryptocurrency community.

Hong Kong’s National Security Law Triggers Exodus of Wealthy Society’s Capital, Is Gold Being Dumped for Bitcoin?

Hong Kong’s National Security Law Triggers Exodus of Wealthy Society’s Capital, Is Gold Being Dumped for Bitcoin?

Hong Kong’s rich and affluent are reportedly moving large amounts of gold out of the major financial hub following Beijing’s imposed national security law. According to well-known Bitcoin bull Max Keiser, Bitcoin is a better way to export your fortune.

Singapore High Court Approves iSanctuary's Use of NFTs for Financial Investigations

Singapore High Court Approves iSanctuary's Use of NFTs for Financial Investigations

In a legal first for Singapore, the High Court has granted permission to UK-based financial investigation firm Intelligent Sanctuary (iSanctuary) to use nonfungible tokens (NFTs) in tracking and freezing assets related to a hack. The NFTs, created in partnership with Mintable, will serve as a warning to counterparties and exchanges and enable real-time tracking of transactions from the compromised wallets.

Greece Establishes High-Level Advisory Committee for Artificial Intelligence Strategy

Greece Establishes High-Level Advisory Committee for Artificial Intelligence Strategy

Greek Prime Minister Kyriakos Mitsotakis announced the formation of a High-Level Advisory Committee for AI on October 19, 2023. Led by MIT Professor Constantinos Daskalakis, the committee aims to prepare Greece for the rapid advancements in AI and their applications. The committee will focus on long-term national strategy, including policy development and guidelines, in key areas such as economy, society, and innovation.

Court Upholds OFAC's Designation of Tornado Cash Under IEEPA

Court Upholds OFAC's Designation of Tornado Cash Under IEEPA

The US District Court upheld the OFAC's designation of Tornado Cash under the IEEPA, rejecting plaintiffs' claims of overreach and First Amendment violations, highlighting legal challenges for privacy-oriented blockchain entities.

Multinational Corporations Continue to File Trademarks in Web3, NFTs, and Metaverse

Multinational Corporations Continue to File Trademarks in Web3, NFTs, and Metaverse

Multinational corporations, including General Motors, Lacoste, and Walmart, have continued to file trademark applications in Web3, NFTs, and the metaverse, despite the broader market downturn. In February alone, General Motors filed for two new trademark applications covering Chevrolet and Cadillac brands, while Lacoste filed five trademark applications for "CHAMPS-ELYSEES." Walmart also filed trademark applications for the "SamsClub" name and logo. Even amid the bear market, record numbers of trademark applications have been filed for NFTs, metaverse, and crypto-related products in 2022.

Republic of Palau Partners with Ripple to develop National Digital Currency Strategy

Republic of Palau Partners with Ripple to develop National Digital Currency Strategy

Ripple has been tapped to help Palau develop a U.S. dollar-backed digital currency, which is seen as a viable alternative to CBDC.

Banking Giants CIBC and Aussie's NAB Partners to Use RippleNet Solution

Banking Giants CIBC and Aussie's NAB Partners to Use RippleNet Solution

North American banking giant, the Canadian Imperial Bank of Commerce (CIBC), and the National Bank of Australia (NAB) have inked a partnership to bolster each other’s cross-border payments settlement, with Ripple’s RippleNet solution.

UK's NCA Announces Disruption of World's Most Harmful Cyber Crime Group, LockBit

UK's NCA Announces Disruption of World's Most Harmful Cyber Crime Group, LockBit

UK's NCA launched "Operation Cronos" against LockBit, a global cyber crime syndicate, resulting in significant disruptions and the seizure of servers, cryptocurrency accounts, and decryption keys.

IOSCO Releases Landmark Policy Recommendations for Crypto and Digital Asset Markets

IOSCO Releases Landmark Policy Recommendations for Crypto and Digital Asset Markets

The International Organization of Securities Commissions (IOSCO), a leading international body of securities regulators, recently published an influential report titled 'Policy Recommendations for Crypto and Digital Asset Markets Consultation Report.'

US Lawmakers Question Tron Founder Justin Sun and DLive CEO on Extremist Content Following Capitol Riots

US Lawmakers Question Tron Founder Justin Sun and DLive CEO on Extremist Content Following Capitol Riots

Two U.S. lawmakers have questioned Tron founder Justin Sun and DLive CEO Charles Wayn in the wake of the Capital riots—asking them how they moderate extremist content.

International Chamber of Commerce to Deploy Blockchain-Powered App for Tamper-Proof COVID-19 Compliance Status

International Chamber of Commerce to Deploy Blockchain-Powered App for Tamper-Proof COVID-19 Compliance Status

International Chamber of Commerce (ICC) has inked a partnership with International SOS, the globe’s biggest medical and travel security services firm, to establish a new blockchain-enabled mobile app dubbed ICC AOKpass. It will be instrumental in providing trusted and immutable recognition of persons’ COVID-19 compliance status.

Seven Key Takeaways You Need to Know About Central Bank Digital Currencies

Seven Key Takeaways You Need to Know About Central Bank Digital Currencies

Why are Central Bank Digital Currencies (CBDCs) important? Do we really need them? What are the implications? How will they be designed? Here are seven key takeaways you need to know.

AI and Competition Policy: Insights from the White House Meeting

AI and Competition Policy: Insights from the White House Meeting

The White House meeting on competition policy and AI highlighted concerns about market concentration in critical AI components and its impact on small businesses. The discussion emphasized the need for fair competition and scrutinizing industry behaviors. The Biden-Harris Administration is committed to promoting competition and supporting small businesses in AI development.

British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future

British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future

BSI's release of the first international AI safety guideline, BS ISO/IEC 42001, marks a significant step in standardizing the safe and ethical use of AI, reflecting global demand for robust AI governance.

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro

Fabio Panetta, a member of the Executive Board of the ECB, stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in a digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency (CBDC).

Crypto Lending Platform Nexo Takes Stake in U.S. Summit National Bank

Crypto Lending Platform Nexo Takes Stake in U.S. Summit National Bank

Switzerland-based Crypto lending platform Nexo has announced the acquisition of a stake in Wyoming-based Summit National Bank, expanding its footprint in the U.S. region.

Coinbase Bolsters Advisory Board with Security Experts

Coinbase Bolsters Advisory Board with Security Experts

Coinbase has enlisted four national security experts to its Global Advisory Council, including former U.S. Secretary of Defense Mark Esper, former U.S. Representative Stephanie Murphy, Counterterrorism Advisor Frances Townsend, and strategist David Urban.

China Alerts on Foreign Mapping Firms Using Crypto Rewards for Sensitive Data Collection

China Alerts on Foreign Mapping Firms Using Crypto Rewards for Sensitive Data Collection

The Chinese Ministry of State Security issues a warning about foreign mapping companies using cryptocurrency rewards to encourage unauthorized sensitive geographical data collection in China, posing a threat to national security.

National Australia Bank to Launch Ethereum-Based Stablecoin

National Australia Bank to Launch Ethereum-Based Stablecoin

NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.

Hacking Attempts on Upbit Surge to 159,061 in First Half of 2023

Hacking Attempts on Upbit Surge to 159,061 in First Half of 2023

Hacking attempts on South Korea's largest cryptocurrency exchange, Upbit, have surged to 159,061 in the first half of 2023, according to data submitted to the National Assembly. The figure represents a 2.17-fold increase compared to the same period last year. Lawmaker Park Sung-jung criticizes the ambiguous role of the Ministry of Science and Technology in regulating the exchange.

NVIDIA and NSF Launch Groundbreaking NAIRR AI Research Initiative

NVIDIA and NSF Launch Groundbreaking NAIRR AI Research Initiative

NVIDIA and the NSF partner to launch the NAIRR pilot, a major initiative to advance AI research in the U.S. by providing resources and promoting responsible AI innovation, strengthening America's global AI competitiveness.

Blockchain: The Trust Alternative to the History of US National Credit?

Blockchain: The Trust Alternative to the History of US National Credit?

A conscientious look over the last few centuries would reveal that the brief history of the United States is riddled with national credit defaults. In all these instances, the people and the businesses relying on the fiscal value agreements they had made with the Central credit agency found their trust hopelessly misplaced. How can blockchain be leveraged to break the cycle of U.S. National Credit Default?

US Financial Giant Capital International Group Acquires 12.2% Equity in MicroStrategy

US Financial Giant Capital International Group Acquires 12.2% Equity in MicroStrategy

American financial services provider, Capital International Group, acquires 12.2% of the shares in MicroStrategy, leaping over the third-largest shareholder in the company.

National Bank of Georgia to Launch CBDC Pilot Program in 2022

National Bank of Georgia to Launch CBDC Pilot Program in 2022

The National Bank of Georgia is set to launch a pilot program for its Central Bank Digital Currency (CBDC) dubbed the Digital Lari by 2022.

National Bank of Egypt Delves into Blockchain-Powered Inward Remittances with Ripple Partnership

National Bank of Egypt Delves into Blockchain-Powered Inward Remittances with Ripple Partnership

Egypt’s biggest and oldest bank, the National Bank of Egypt, seeks to revamp its inward remittances with blockchain technology. As a result, the bank has entered a partnership with Ripple to use its blockchain-powered payments network RippleNet to offer cost-friendly and quicker cross-border payments.

KuCoin Secures Over $10M in Strategic Investment

KuCoin Secures Over $10M in Strategic Investment

KuCoin has successfully secured over $10 million from Susquehanna International Group in a strategic investment.

NFA issues new rule for digital asset commodities

NFA issues new rule for digital asset commodities

The National Futures Association has issued a new compliance rule to address fraud and misconduct by its over 100 members involved in digital asset commodities. The new rule will take effect on May 31 and applies only to Bitcoin and Ether.

NBA's LeBron James Becomes Face of Crypto.com

NBA's LeBron James Becomes Face of Crypto.com

To get more limelight during the annual playoff championship game of the National Football League (NFL) called the Super Bowl, Crypto.com chose NBA's LeBron James as its new catalyst for mainstream adoption.

US Authorities Uncover Chinese-linked Bitcoin Mining Operations

US Authorities Uncover Chinese-linked Bitcoin Mining Operations

US authorities have identified a significant number of Chinese-linked Bitcoin mining operations across the United States, sparking national security concerns. Published by The New York Times on October 13, the report highlights the close proximity of some of these operations to critical military and infrastructure sites. Amidst escalating US-China political tensions, the surge in Chinese Bitcoin mining operations in the US, coupled with their substantial energy consumption, poses critical questions regarding cybersecurity, energy sustainability, and geopolitical dynamics.

Vietnamese Scientists Revolutionize AI in Mathematics with AlphaGeometry

Vietnamese Scientists Revolutionize AI in Mathematics with AlphaGeometry

Vietnamese scientists are advancing in AlphaGeometry, AI Mathematics, and solving geometry problems using synthetic data, neural language models, symbolic engines, Google DeepMind, and educational AI.

G20 Announces Standards for Global Crypto Regulation

G20 Announces Standards for Global Crypto Regulation

G20 countries have announced that the Financial Stability Board, the International Monetary Fund, and the Bank for International Settlements will release recommendations on global crypto regulation by July.

Could Bitcoin’s Next Price Boost Come from $8.5T in Sovereign Wealth Funds?

Could Bitcoin’s Next Price Boost Come from $8.5T in Sovereign Wealth Funds?

A prominent on-chain analyst believes Bitcoin's next boost is likely to come from sovereign wealth funds which hold around $8.5 trillion AUM, being managed by nations.

Boyaa Interactive Advances into Cryptocurrency with a $100 Million Acquisition Mandate

Boyaa Interactive Advances into Cryptocurrency with a $100 Million Acquisition Mandate

Boyaa Interactive plans to invest $100 million in cryptocurrencies, focusing on Bitcoin, Ether, and stablecoins, while ensuring secure platforms in the volatile crypto market.

Four Countries to Conduct Cross Border CBDC Payment Trials

Four Countries to Conduct Cross Border CBDC Payment Trials

The Bank for International Settlements (BIS) has joined forces with the central banks of South Africa, Malaysia, Singapore, and Australia to kick start a project dubbed Dunbar aimed at testing the use CBDCs in cross border payments.

The National Bank of Cambodia Looking to Launch New Centralized CBDC This Quarter

The National Bank of Cambodia Looking to Launch New Centralized CBDC This Quarter

The National Bank of Cambodia digital currency, which is a central bank digital currency, called Bakong, was launched on a trial basis in Cambodia in July 2019.

Fiat Money

Fiat Money

What is fiat money; the history of fiat money and its influence on monetary policy and the global economy.

Belt and Road Initiative – Hong Kong the Gateway for RMB Internationalization

Belt and Road Initiative – Hong Kong the Gateway for RMB Internationalization

Many analysts have come to view BRI as a diplomatic offensive with geopolitical motives. However, the initiative is primarily driven by the Middle Kingdom’s pressing need to transform its national economy through further integration with the world.

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the personal legal property left by she/he.” Personal legal property in this case also means “internet property” including virtual currencies. Chinese citizens will be able to leave their cryptocurrency and virtual assets to their heirs, coming into effect on January 1, 2021.

Iran Joins BRICS to Reduce Reliance on Western Economic Systems

Iran Joins BRICS to Reduce Reliance on Western Economic Systems

Iran joins BRICS, aiming to mitigate US sanctions and challenge Western economic dominance, amidst mixed reactions and uncertain benefits.

US Officials Warn of AI's Role in Cyber Crimes

US Officials Warn of AI's Role in Cyber Crimes

U.S. authorities are actively addressing the challenges posed by AI in cybersecurity and the legal system, balancing innovation with the need for safety, security, and ethical considerations.

A New World of Money - Blockchain in Human History Series

A New World of Money - Blockchain in Human History Series

In this article we take a deep dive in money issuance standard to witness the evolution of money. The evolution of money issuance standard can be summarized in four phases.

Bank for International Settlements Reveals Findings on Central Bank Digital Currencies

Bank for International Settlements Reveals Findings on Central Bank Digital Currencies

The Bank for International Settlements released its analysis report in which it evaluated central bank digital currencies globally.

Venezuela's Petro Cryptocurrency to Cease Operations

Venezuela's Petro Cryptocurrency to Cease Operations

Venezuela ends its Petro cryptocurrency, a failed oil-backed digital currency initiative aimed at evading U.S. sanctions. Launched in 2018, it struggled for adoption due to legal issues, limited functionality, and lack of international interest.

Hong Kong International Airport Launches First-Ever Metaverse

Hong Kong International Airport Launches First-Ever Metaverse

Hong Kong International Airport (HKIA) has partnered with JCDecaux Transport Hong Kong to introduce the first-ever HKIA Metaverse.

FCA Unveils Guidance on Cryptoasset Promotions Compliance

FCA Unveils Guidance on Cryptoasset Promotions Compliance

The UK's Financial Conduct Authority has issued a finalised non-handbook guidance on Cryptoasset Financial Promotions, aiming to clarify compliance with new laws and balance consumer protection with innovation for long-term economic growth.

U.S. Lawmakers Urge Stricter Export Controls on Advanced Semiconductors to China

U.S. Lawmakers Urge Stricter Export Controls on Advanced Semiconductors to China

Two senior Republican members of the U.S. House of Representatives have called on the Biden administration to tighten export controls on advanced semiconductors to China. The lawmakers, Michael McCaul and Mike Gallagher, chairmen of the House Foreign Affairs Committee and the House Select Committee on China respectively, expressed concerns over the Department of Commerce's Bureau of Industry and Security's (BIS) lax enforcement of existing rules. The call for action comes amid advancements by China's Semiconductor Manufacturing International Corporation (SMIC) and Huawei Technologies.

Miami International Holdings Partners with Lukka, Launching Crypto Derivatives

Miami International Holdings Partners with Lukka, Launching Crypto Derivatives

Miami International Holdings and Lukka are preparing to participate in the crypto derivatives ecosystem. Both institutional and retail demands continue to rise significantly in this space.

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign forces to endanger national security.

Swiss regulators consider UBS takeover of Credit Suisse to prevent collapse

Swiss regulators consider UBS takeover of Credit Suisse to prevent collapse

Swiss regulators are reportedly considering emergency measures to accelerate the acquisition of Credit Suisse by UBS, Switzerland's largest bank. The Swiss National Bank and the Swiss Financial Market Supervisory Authority believe that the acquisition is the only way to prevent a collapse in confidence in Credit Suisse following a series of financial scandals.

Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies

Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies

The Bank for International Settlements (BIS), a coalition of 62 central banks, has weighed in on the trending topic of central bank digital currencies (CBDCs). The global central bank noted a positive interest by central banks to develop their state-backed digital currencies.

UN convenes AI High-level Advisory Body for Global Governance

UN convenes AI High-level Advisory Body for Global Governance

The UN Secretary-General is convening a High-level Advisory Body on AI to analyze and advance recommendations for global AI governance. Comprising up to 38 international experts from government, private sector, and civil society, the body aims to harness AI for humanity while addressing its risks. The initiative, which underscores the importance of a globally inclusive approach, seeks to align AI governance with human rights and Sustainable Development Goals.

South Korea and U.S. Set for High-Level Crypto Regulatory Talks in January

South Korea and U.S. Set for High-Level Crypto Regulatory Talks in January

South Korea's FSS Chief, Lee Bok-hyun, is set to meet with SEC Chair Gary Gensler in January to discuss cryptocurrency market regulation in light of global market changes.

The Bank for International Settlements Gives CBDCs Full Backing

The Bank for International Settlements Gives CBDCs Full Backing

The Bank for International Settlements (BIS) announced its full support for developing central bank digital currencies (CBDCs) in pursuing financial and monetary stability through international cooperation with the mandate and support by central banks.

Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.

Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight

Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight

The OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India plans introducing a new bill to ban private cryptocurrencies as well as introduce a national digital currency.

Director of National Intelligence Warns US SEC of China’s Cryptocurrency Dominance

Director of National Intelligence Warns US SEC of China’s Cryptocurrency Dominance

National Intelligence Director John Ratcliffe has warned the US Securities and Exchange Commission that China’s cryptocurrency dominance could put the US at a disadvantage.

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme

Australian Securities and Investments Commission (ASIC) has officially banned a former National Representative of BitConnect from providing financial services for seven years.

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