digital currency

Users will be able to test China's Digital Yuan via Alipay

Users will be able to test China’s Digital Yuan via Alipay

Some of Alipay’s users will be able to participate in the emerging digital yuan commerce ecosystem, according to the company. This new feature is the result of MYbank’s participation in the country’s expanded digital currency electronic payment testing protocols. According to a report published on Monday by China Securities Journal. Ant Group’s involvement in China’s […]

fraudsters

In China, crypto and digital yuan fraudsters are causing havoc

As bitcoin (BTC) prices rise and the rollout of the Chinese central bank digital currency (CBDC) approaches, Chinese media outlets are reporting a sharp increase in bogus crypto, blockchain, and digital yuan-related schemes in the country. According to reports from JRJ and the National Business Daily, unsuspecting investors are putting up as much as USD […]

digital yuan

Chinese Residents make 20K Digital Yuan Trial Event Transactions

In a trial of the country’s digital yuan, people in China conducted around 20,000 transactions through the e-commerce company JD.com. JD.com reported that 80 percent of participants born in the 1980s and 1990s used the platform to conduct transactions in the digital currency starting on Friday night, with at least one transaction greater than $1,527, […]

Austrian Bank Raiffeisen Is Working on a National Digital Currency Pilot

While global governments are pushing ahead with digital currencies in central banks. Private institutions are also seeking to digitize national currencies. Raiffeisen Bank International (RBI), a big Austrian bank, employs blockchain technology to work on a new method of tokenizing the national currency. After a positive test of end-to-end digitized national currency transfers. RBI is […]

Visa Files Patent Application for Digital Currency

Visa Has Filed for a Patent to Create Digital Currency

Visa has applied with the United States to create digital currency on a blockchain. Department of Patent and Trademark. Inventors Simon J. Hurry and Alexander Pierre, along with the Visa International Service Association in San Francisco, pursued a patent for a digital currency based on a blockchain and operated by a central entity machine, according […]

hawaii launches digital currency sandbox to attract crypto firms

Hawaii Launches Digital Currency Sandbox to Attract Crypto Firms

The governor’s office of Hawaii revealed its new “Digital Currency Innovation Lab” on March 17 – a blockchain and cryptocurrency incubator developed through collaboration between the state’s Department of Commerce and Consumer Affairs, Division of Financial Institution (DFI), and the Hawaii Technology Development Corporation (HTDC). The initiative will run for two years, and will allow […]

Sweden's central bank digital currencies

Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS). Officially announcing the news on March 6, the Riksbank noted that in order for the hub to be located in Sweden, the bank […]

Bank of England

Bank of England Releases Discussion Paper on CBDCs

The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could be destabilizing for the current banking system. However, digital currency could use the latest FinTech and make transactions easier and faster for […]

Binance.US

Global Crypto Exchange Binance.US Enables USDC Deposits

Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US. The new listing took effect on 4th March at 9:00 PM EST, allowing users easily convert to BUSD, according to a statement made on their official website. BUSD allowed for trading or holding With such a measure, ‘Binance.US‘ will allow […]

Estonia grants license to chilean crypto exchange

Estonia Grants License to Chilean Crypto Exchange

Chile’s crypto exchange trading platform CryptoMarket has obtained a license issued by the Estonian Financial Intelligence Unit (FIU). It allows providing services for the purchase and sale of crypto assets. Founded in 2016, CryptoMarket joins a select group of Latin American crypto companies operating in the region, with Bitso (Mexico) and Mercury Cash (Venezuela) obtaining […]