• Cryptocurrencies,  Technology

    China completes digital yuan design

    The People’s Bank of China says it has completed the ‘top-level design’ and joint testing of its forthcoming central bank digital currency 

    The next steps in the country’s digital currency/electronic payment, or DC/EP, project—which it has been hammering away at for five years—are to “follow the principles of stability, security and control” and to “select pilot verification areas, scenarios and service scopes,” said Mu Changchun, the head of the PBOC’s digital currency research institute.

  • Chairman Mao sees you illegally trading cryptocurrency (via David Dennis, CC-BY-SA 2.0)
    Bitcoin,  Regulation

    Was China’s digital yuan behind Binance’s Shanghai office closing?

    The November closure of a Shanghai office connected to a major crypto exchange may have presaged a broader crackdown as China prepares to launch a virtual currency

    The high-profile closing of a Shanghai office used by the Binance exchange in late November appears to have been an early example of China’s latest crackdown on cryptocurrency trading.

  • The French Army couldn't beat China in the Tonkin War of 1884-5. Can it beat China's central bank to a to a digital currency in 2020? (via Banque de France)
    Cryptocurrencies,  People,  Politics

    France: 2020 national digital currency bridge to e-euro

    François Villeroy de Galhau appoints Nathalie Aufauvre to build a French national digital currency leading to an e-euro

    Banque de France Governor François Villeroy de Galhau is planning to test a central bank-issued digital currency by 2020 to do it. Along the way, he’s making a play for French leadership of the European economy.

  • Sen. Kelly Loeffler has been in office three days and she still hasn't set up a press page. Doesn't she know that the most dangerous place in Washington is supposed to be between a member of Congress and a camera? (via @GovKemp)
    People,  Politics

    Kelly Loeffler Senate appointment win for cryptocurrency industry

    Industry analyst Mati Greenspan said the CEO of Bakkt will be ‘a friend of crypto’ in Congress as digital asset regulations are written

    Bakkt CEO Kelly Loeffler's appointment as a U.S. Senator for Georgia is "is really good news for crypto regulation in the United States,” Mati Greenspan, founder of Quantum Economics, told Modern Consensus.