Governors of 26 central banks: COVID-19 has become a catalyst for the development of electronic settlement technologies
The pandemic of the new coronavirus COVID-19 has become a catalyst for the development of electronic payment technologies, said the governors of 26 central banks in Central Asia, the Black Sea region and the Balkans. The meeting was also attended by representatives of the International Monetary Fund and the World Economic Forum.
Authorities to oblige South Korean crypto exchanges to disclose user data
The Financial Services Authority (FSC) of South Korea intends to introduce new measures for companies operating with virtual digital assets. Relevant amendments to the national legislation are currently in preparation and provide for the disclosure of the identity of users. Reporting will make it possible to track data on financial transactions and the use of new digital instruments in illegal actions (for example, in money laundering).
Bitmain presented equipment for large-scale mining operations
Bitmain has presented its new development – the AntRack miner, focused on large-scale operations for the extraction of digital assets. The presentation took place as part of the Bitmain Mining Summit 2020.
Coin ATM Radar: the number of installed crypto ATMs exceeds 11.6 thousand
The number of ATMs that can be used to carry out operations with cryptocurrency is constantly increasing, states the Coin ATM Radar service. Since the beginning of this year, the growth has been 83%.
Hong Kong financial authorities to introduce regulation of crypto platforms
The Hong Kong Securities and Futures Commission (SFC) intends to introduce regulation for crypto exchanges that operate in the country.
Central Bank of China: clients completed over 4 million transactions in digital yuan
The Chinese authorities continue to test the digital currency. According to the governor of the People’s Bank of China Yi Gang, the tests of the new asset are going on as usual. So, at the moment, users have carried out over 4 million transactions in the new currency for a total of $ 299 million.
Head of PayPal: interest in crypto payments from customers only grows
The interest in payments using cryptocurrencies from customers is only growing, says the head of PayPal Daniel Shulman. The company plans to add the ability to work with bitcoin to pay for goods in more than 28 million retail outlets around the world.
The Central Bank of Australia will test the national crypto asset on the Ethereum platform
Australia’s main financial regulator has decided on the platforms on which the country’s digital currency will be tested. Commonwealth Bank, National Australia Bank, Perpetual, as well as Ethereum studio ConsenSys will conduct tests before the end of this year, after which a detailed report will be issued.
PRC President: China Should Initiate the Creation of a Regulatory Framework for Cryptocurrencies
China should take a leading role in creating an international regulatory framework for regulating digital currencies, President Xi Jinping said in his speech on the country’s national medium and long-term strategy for economic and social development.
Bundesbank will partner with Ocean Protocol to develop a decentralized network
Germany’s central bank (Bundesbank) has announced a partnership with Ocean Protocol to develop a decentralized network that will provide access to information to update financial institutions’ statistics online “while maintaining their sovereignty.”

