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Central Bank of China: digital yuan will help reduce dependence on dollar dominance
Representatives of the Chinese central bank called the issuance of national cryptocurrencies a “new battlefield”. In an article published in China Finance, they outlined the benefits of the digital yuan for the national financial system.
IDF researchers: Russians are not ready to transfer deposits to cryptocurrencies
Despite the difficult situation in the global economy and the uncertainty associated with the development of the second wave of coronavirus infection, Russians are in no hurry to transfer their assets to alternative means of investment.
By 2024, the EU will have a new set of rules to regulate cryptoassets
The European Union will develop a regulatory framework to regulate the cryptocurrency and blockchain industry by 2024.
India plans to ban crypto trading
The Indian authorities intend to legally prohibit the trade of digital assets. It is expected that the draft normative act will soon be discussed by representatives of the Council of Ministers, after which it will be sent to the national parliament, whose session will last until October 1. Bloomberg writes about this, citing sources familiar with the situation.
People’s Bank of China: digital yuan to be circulated nationwide
The main financial regulator of China continues dedicated work in the field of development in the national cryptocurrency and believes that after its implementation, it should be applied throughout the country. The deputy chairman of the regulator Fan Yifei noted in his article to Financial News that the asset under development will be positioned as M0, that is, as part of fiat money and will legally be comparable to the same standards as ordinary money.
Car imports in Iran offered to pay with cryptocurrency
The cryptocurrency can be used as a means of payment for cars supplied to Iran, if agreed with the national central bank, Gholam Hossein Mozaffari, director general of the Kish Free Zone Organization, said this week. This need arose due to the fact that the regulator is currently unable to provide the necessary funding, due to the high inflation of the Iranian rial and the current sanctions policy against the country by the United States.
Blockchain Technology Association to Open in Switzerland
The Association of Blockchain Technologies will contribute to the promotion of innovative technologies in Switzerland. It will be based in the Italian-speaking canton of Ticino. The main goal of the new department is to help develop research and promote enterprises working with blockchain.
Sales of video cards for mining showed an increase of 49% in August
Residents of Russia have again become more actively interested in the mining process.
Bittrex stops serving residents of Ukraine and Belarus
Bittrex, a cryptocurrency platform, announced that it will suspend customer service in several countries – Ukraine, Belarus, Burundi, Mali, Myanmar, Nicaragua and Panama. It is noted that the main reason for such a decision was the need to bring the regulatory framework in accordance with the requirements of these jurisdictions.
EU Ministries of Finance urged to tighten the rules of circulation of stablecoins
Ministries of finance of five countries of the euro zone called for a revision of the policy in the field of working with stablecoins towards tightening. The initiators of this decision were the policy regulators of Germany, France, Italy, Spain and the Netherlands.
