BIS: people keep keeping money under mattresses
Digital money will not replace banknotes, at least in the near future, said the head of the innovation center of the Bank for International Settlements (BIS) Benoit Kere, stressing that citizens still prefer to “keep money under mattresses” rather than keeping it in e-wallets.
Ripple will patent the PayString trademark
Californian fintech company Ripple will patent a new trademark – PayString. The corresponding application is published on the website of the US National Patent and Trademark Office.
Nouriel Roubini: Bitcoin is only a “partial” store of value
Digital assets can only be used for partial preservation of value, but will not replace fiat funds, Nouriel Roubini, professor of economics at New York University and renowned Bitcoin critic, told Yahoo.Finance.
The Canadian tax authorities are interested in the data of the crypto platform Coinsquare
The Canadian tax authorities sent a request to the courts, where they asked to oblige the Coinsquare crypto platform to transfer information about customers, starting in 2013. According to The National Post, this is necessary to check citizens for compliance with national tax laws.
JPMorgan Chase & Co .: Investors Choose Bitcoin Over Gold ETF
Institutional investors are willing to include bitcoin in their portfolios, considering it as a “safe haven asset” in the current economic crisis. The first cryptocurrency is considered by major market players as an alternative instrument to gold, writes the head of Grayscale Investments Michael Sonnenshine, referring to the report of the financial holding JPMorgan Chase & Co.
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.

