• Russian digital ruble
    Politics,  Regulation,  Technology

    Digital ruble coming as soon as 2021

    The head of Russia’s central bank said a pilot program could come next year, and promised confidentiality but not anonymity

    While nothing has been decided, the possibility of launching a digital ruble “is quite real,” she said. It will not replace the physical ruble, she added. The digital ruble project “fits very organically into what is called the development of the digital economy as a whole,” Nabiullina said. “A digital transformation is taking place. Of course, there must be a transformation of the settlement system.”

  • SEC settlement Kik
    Alt coins,  Cryptocurrencies,  Opinion,  Regulation

    Citing SEC settlement Kik moves forward with Kin token

    Unfortunately, the Securities and Exchange Commission and Kin Foundation appear to have different opinions over whether KIN is still a security

    With the legal uncertainty finally over, Kin is poised to thrive as an active blockchain ecosystem, the Kin Foundation said. But, there seems to be some disagreement between the SEC and the Foundation over the status of the KIN token.

  • Regulation,  Technology

    As DeFi skyrockets, Euro financial institutions are taking an interest

    Fully 86% of traditional firms are implementing or at least considering blockchain-based decentralized finance technology, says Boston Consulting Group

    Noting that the value locked into DeFi has grown a massive 1,500%, to $8 billion, a new study by Crypto.com and Boston Consulting Group concluded that the “ability to borrow funds, take out loans, deposit funds into a savings account, or trade complex financial products, all without asking anyone for permission is gaining traction.”

  • Bahamas launches first CBDC
    Cryptocurrencies,  Politics,  Regulation

    The Bahamas launches its ‘Sand Dollar’ digital currency before China

    The Central Bank of The Bahamas launched the world’s first central bank digital currency to facilitate transactions on the remote islands that power its tourism economy

    The Sand Dollar—which is pegged one-to-one to the U.S. Dollar—is expected to facilitate trade in the remote locations that play an important role in its tourism economy and make mobile payments easier. Users of the new digital currency will be able to make person-to-person or business transactions with their phones, even when they are offline.

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