• iran mine bitcoin avoid sanctions
    Bitcoin,  Cryptocurrencies,  Politics,  Regulation

    Iranian think tank says mine Bitcoin to avoid sanctions, add jobs

    Despite a recent crackdown on mining farms blamed for blackouts, the report said a national push would make it cheaper to bypass sanctions

    In a recent study, the well-connected Iranian Presidential Center for Strategic Studies suggested that developing a regulated crypto mining industry could help the country circumvent sanctions without spending precious foreign currency reserves, as local buyers could obtain Bitcoin for rials instead of dollars.

  • Powell Digital dollar high priority
    Cryptocurrencies,  Politics,  Regulation

    Fed’s Powell: 2021 ‘an important year’ for digital dollar

    Federal Reserve Chairman Jerome Powell said 2021 will be a key year for the U.S. as it decides whether to create a digital currency, and what it would look like

    Speaking before the House Financial Services Committee on Feb. 24, Powell said 2021 “is going to be the year that we engage with the public pretty actively” on the digital dollar project. He added that there are still significant technical challenges to be met, as well as major policy decisions to be made, before the U.S. decides to create a digital dollar.

  • India launch digital rupee
    Cryptocurrencies,  Politics,  Regulation

    India preparing to launch digital rupee

    The Reserve Bank of India’s governor said that it is ‘very much in the game’ in getting ready to launch a central bank digital currency

    Central bank governor Shaktikanta Das said that there is still no set date for the launch of the digital rupee, but highlighted that the project is “receiving our full attention” and that the central bank is already tying up loose ends by working on the technology and the procedural aspects of the system.

  • Cryptocurrencies,  Regulation,  Technology

    Blockchain and digital currencies advance in Asia

    India’s largest bank has joined JPMorgan’s Liink payments project as central banks from China, Thailand, and the United Arab Emirates join Hong Kong’s multinational digital currency project

    The State Bank of India, which manages nearly a quarter of the nation’s assets as well as its loan and deposits market, decided to join JPMorgan’s blockchain payments system. Meanwhiles, the State Bank of India, a nationally owned retail bank, will use JPMorgan’s Liink blockchain system to make its cross border-payments faster and cheaper.