# Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive

# Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive

“# Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive ” China’s digital yuan will utilize smart contracts, and will be built to counter Alipay-like payment platforms designed by the privately owned conglomerates, former People’s Bank of China director Yao Qian said. Speaking at the International Finance Forum in Beijing, Qian argued that…

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# Bitcoin ‘of great concern,’ Ireland’s central bank official warns

# Bitcoin ‘of great concern,’ Ireland’s central bank official warns

“# Bitcoin ‘of great concern,’ Ireland’s central bank official warns ” Ireland’s central bank director general for financial conduct is the latest official to point out issues of Bitcoin (BTC) and the cryptocurrency industry following a major market sell-off. The growing popularity of cryptocurrencies like Bitcoin is “of great concern,” the Central Bank of Ireland’s…

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# US regulators must collaborate on ‘regulatory perimeter’ for crypto: OCC head

# US regulators must collaborate on ‘regulatory perimeter’ for crypto: OCC head

“# US regulators must collaborate on ‘regulatory perimeter’ for crypto: OCC head ” The Acting Comptroller of the Currency, Michael Hsu, has expressed that regulatory agencies in the United States should establish a “regulatory perimeter” for digital assets and cryptocurrencies. In an interview with Financial Times, Hsu indicated U.S. regulators will look to take a…

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# S.E.C. charges 5 for illegally promoting  billion Bitconnect Ponzi

# S.E.C. charges 5 for illegally promoting $2 billion Bitconnect Ponzi

“# S.E.C. charges 5 for illegally promoting $2 billion Bitconnect Ponzi ” Three years and some unforgettable memes later, the Securities and Exchange Commission has announced that 5 individuals will face charges relating to promoting the Bitconnect Ponzi scheme.  “The SEC’s complaint alleges that these promoters offered and sold the securities without registering the securities…

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# Sweden moving forward in e-krona CBDC trials

# Sweden moving forward in e-krona CBDC trials

“# Sweden moving forward in e-krona CBDC trials ” Sweden has made a number of strides toward its own central bank digital currency, or CBDC, called the e-krona. The Sveriges Riksbank, the country’s central bank, now looks to experiment with the asset using a non-simulated party.  As reported by Reuters, Riksbank detailed on Friday via…

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# Crypto firms not meeting AML standards, says UK minister

# Crypto firms not meeting AML standards, says UK minister

“# Crypto firms not meeting AML standards, says UK minister ” Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official. John Glen, a member of U.K. parliament and the Economic Secretary to the Treasury, pointed out major difficulties in…

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