• China testing digital yuan
    Cryptocurrencies,  Politics

    China testing digital yuan in four cities

    European and Asian countries have been scrambling to catch up in the race for a digital currency, even as the U.S. drags its heels; annoucement suggests no 2022 Winter Olympics roll-out

    The People’s Bank of China (PBoC) said in an April 17 release that its prototype, central bank-issued digital yuan is being put through its paces in Shenzhen, Chengdu, Suzhou, and Xiong’an, which lies about 60 miles from Beijing. It will also be tested at the 2022 Winter Olympics in Beijing.

  • EU coronavirus blockchain taskforce
    Technology

    EU scrambles coronavirus blockchain taskforce

    The European Union-founded International Association for Trusted Blockchain Applications seeks to speed the solution to ‘a humanitarian crisis of cruel proportions’

    A new European Union taskforce has been scrambled to quickly activate blockchain solutions that tackle challenges associated with the coronavirus pandemic.

  • Another way the EU would regulate crypto.
    Europe

    EU will focus on crypto regulation in 2019

    A pair of reports issued this month call for expanded and unified banking and securities rules for crypto-assets

    The European Union began the new year with a new focus on the regulation of cryptocurrencies, with a pair of reports finding that neither EU banking nor securities laws are currently up to the task of overseeing these new financial assets.

  • world map
    Asia & Australia,  Europe,  Regulation

    As the US dithers on regulating cryptocurrencies, other regions move forward

    Support for blockchain technology is stronger both in the US and abroad

    Cryptocurrency and blockchain enthusiasts were excited about the ​announcement​ this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the ​Congressional Blockchain Caucus​. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the ​Harvard Business Review​ by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: ​“Without clear regulations, cryptocurrency innovation in the United States is being stifled.…