• India close digital rupee decision
    Cryptocurrencies,  Politics,  Regulation

    India close to deciding on digital rupee as crypto ban advances

    The Reserve Bank of India says it will decide “very soon” whether to create a central bank digital currency, while a bill banning cryptocurrencies advances

    The announcement comes in the wake of reports last week that prime Minister Narendra Modi’s government plans to pass a “Cryptocurrency and Regulation of Official Digital Currency Bill” that establishes a legal framework for a CBDC while banning private cryptocurrencies—although certain exceptions would be made for tokens used by blockchain projects.

  • digital yuan testing in Beijing Shanghai Guangdong
    Cryptocurrencies,  Politics

    China expands digital yuan testing in Beijing, Shanghai and Guangdong

    China’s digital currency will undergo large-scale testing in the nation’s capital, its commercial center, and its wealthiest province

    The digital yuan’s highest profile tests began in Shenzhen in September, when city officials held a lottery, giving away $1.5 million in 50,000 in “digital red envelopes” containing 200 yuan—about $30—usable at 4,000 merchants who signed up to accept the digital yuan. That and subsequent tests have been called wildly successful by People’s Bank of China Governor Yi gang.

  • Human Rights Foundation Dont demonize bitcoin
    Bitcoin,  Politics,  Regulation

    Human Rights Foundation: ‘Don’t demonize’ bitcoin

    Cracking down on privacy tools like encrypted messaging and bitcoin does more to help the police state than to hurt criminals and terrorists said its chief strategy officer Alex Gladstein

    Arguing that “Bitcoin is neutral like cash,” Gladstein said “Most Americans may not yet grasp that financial privacy is just as important as communications privacy for our democracy—that your spending habits say more about you than your words.”

  • Yellen confirmed Treasury Secretary
    Cryptocurrencies,  People,  Politics,  Regulation

    Janet Yellen confirmed as Treasury Secretary

    While her top financial regulators have strong pro-crypto backgrounds, Quantum Economics’ Mati Greenspan fears that Yellen’s collaboration with international regulators could ‘have very harsh consequences for all of crypto’

    Last week, Yellen calmed some fears that arose after she said in her Jan. 21 testimony before the Senate Finance Committee that she wanted to “curtail” the “malign activities” that for which digital assets have been used.