Hong Kong will become a testing ground for international testing of the digital yuan

Cryptocurrency NewsBy 18/02/2022

Analysts at the British Independent Strategy believe that the situation in Hong Kong allows China to test the state cryptocurrency without attracting the attention of outside observers. Independent Strategy expert David Roche said the island would serve as a suitable testing ground for international payments using the digital yuan: “Hong Kong provides China with an ideal experimental intermediate option before integrating e-CNY into a globalized world with internationalization – while maintaining political control.” Roche explained…

Central Bank of the Philippines does not plan to launch a state cryptocurrency

Cryptocurrency NewsBy 18/02/2022

Governor of the Central Bank of the Philippines Benjamin Diokno said that the bank will not launch its own digital currency, as most citizens of the state prefer to use cash. In September, the Central Bank of the Philippines Bangko Sentral ng Pilipinas (BSP) began exploring the possibility of launching a digital Philippine peso to improve the quality of financial services. However, in a recent speech, BSP Governor Benjamin Diokno said that the central bank…

Hong Kong Regulator called NFT and the metaverse the main threats of 2022

Cryptocurrency NewsBy 17/02/2022

The Hong Kong State Computer Incident Response Service has announced to citizens that the NFT space and the metaverse are fertile ground for fraud. The Service Clearinghouse (HKCERT) has issued a warning that as interest in digital assets grows and the industry develops, attackers are increasingly willing to use them to steal sensitive information. However, affected users have no legal remedies. HKCERT plans to pay more attention this year to security issues related to the…

Freedom Convoy protest group in Canada launched its own Freedom Convoy token

Cryptocurrency NewsBy 17/02/2022

The Canadian authorities blocked the funds raised to support the Freedom Convoy initiative group. In response, the protesters announced the creation of their own Freedom Convoy token. Canadian Prime Minister Justin Trudeau has initiated emergency measures to cut funding for Convoy Liberty truckers protesting quarantine measures. At the request of the government, an Ontario court blocked access to more than $10 million of funds raised on the GoFundMe platform, as well as more than $8.4…

Gate.io Launches Market Maker Rewards Program

Cryptocurrency NewsBy 16/02/2022

Gate.io has announced the launch of an Institutional Market Maker Incentive Program, where top liquidity providers can earn various rewards. During 2021, the popularity of the Gate.io global cryptocurrency exchange platform has skyrocketed. Gate.io now lists more than 1,300 crypto assets, and the number of registered users has exceeded 10 million people. As the popularity of the platform continues to grow, the exchange team began to focus on long-term growth, with a focus on Market…

Coinbase Hires Former SEC Officer as VP of Global Regulatory Policy

Cryptocurrency NewsBy 16/02/2022

The American exchange Coinbase, against the background of tightening the policy of regulators, is strengthening the administrative link with the former chief economist of the US Securities and Exchange Commission. Cryptocurrency exchange Coinbase continues to pursue a policy of improving relations with regulators. The next step of the company was the invitation of former employee of the US Securities and Exchange Commission (SEC) Scott Bauguess (Scott Bauguess) to the post of vice president of global…

In Israel will discuss the implementation of blockchain in the securities market

Cryptocurrency NewsBy 15/02/2022

The Securities and Exchange Commission (ISA) will host the first blockchain hackathon in Israel. The task is to find promising solutions for the securities market. ISA Chairwoman Anat Guetta said that a hackathon will be organized in Tel Aviv on March 24, with the help of which the agency hopes to attract the attention of developers of blockchain solutions. The main topic announced by the organizers was the issue of securities and government bonds using…

Deputy Governor of RBI advocated a complete ban on cryptocurrencies in India

Cryptocurrency NewsBy 15/02/2022

Reserve Bank of India Deputy Governor T. Rabi Sankar called cryptocurrencies a scam and believes the government should ban them entirely. T. Rabi Sankar substantiated his position by the fact that, in his opinion, cryptocurrencies have no intrinsic value. He called investments in digital assets “investments in a perpetual coupon”, in which the investor will receive neither interest nor principal. Sankar also believes that cryptocurrencies do not fall under the definitions of a currency, asset,…

Cardano developers proposed to implement CIP-35 to speed up transactions on the network

Cryptocurrency NewsBy 14/02/2022

IOHK, the developer of the Cardano network, has unveiled the CIP-35 proposal for Plutus smart contracts, which should help speed up transactions. According to information published by the Cardano core development team, the CIP-35 proposal aims to improve the core platform for Plutus – the Cardano smart contract language – as well as the interface pages. Shortcuts should be added to the system, with the help of which developers using the Cardano blockchain will be…

US Treasury urges Congress to exempt mining and staking pools from collecting information for the IRS

Cryptocurrency NewsBy 14/02/2022

Legislative assistant secretary of the treasury Jonathan Davidson said that, unlike exchanges, pools cannot collect complete customer information. The US Department of the Treasury sent a letter to a group of senators proposing to exempt miners and stakers who organize the joint production of cryptocurrencies from tax reporting on their clients. The Treasury supports the crypto industry’s concerns about the Infrastructure and Jobs Investment Act. Expanding the definition of “broker” would place an undue burden…

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