Daily Archives: 08/06/2021

MIIT Published Guide to Accelerate Blockchain Implementation in China

The Ministry of Industry and Information Technology of China (MIIT) has published guidelines for accelerating blockchain adoption in various industries without using cryptocurrencies. MIIT has identified blockchain as an integral part of information technology that could be critical to China’s future development. Back in October 2019, Xi Jinping, Chairman of the People’s Republic of China, called for accelerating the implementation of blockchain in the country. The department named the key areas for the introduction of…

Central Bank of England: “stablecoins will be more in demand than deposits in banks”

Researchers at the Bank of England published a paper that examined the possible implications of the introduction of private and public stablecoins, as well as their role in the development of the financial system. Bank of England Governor Andrew Bailey said the possible use of stablecoins as a means of payment and the active development of government digital currencies raise many questions. According to him, they should be carefully considered by central banks and governments…