The ECB is also currently not in favor of issuing a central bank digital currency, but is open to exploration due to the evolving digital economy.
FATF is on the verge of adopting rules that would require crypto exchanges to share customer information to each other when transferring funds.
Nasscom said that the other regulators in the developed world such as the United Kingdom permits cryptocurrencies into the sandbox, pointing out that letting them in would allow them to learn about the potential risks.
Will Facebook’s planned digital token, to be reportedly tested in India, violate the Indian central bank’s ban on the use of banking channels for crypto transactions? The Answer is: No.
Blockchain is seen helping revive the popularity or at least stem the decline of Letter of Credits as a financing instrument in global trade.
China’s WeChat will delete any accounts used to trade cryptocurrency trading from May 31st.
In other blockchain initiatives, Malaysia is also planning to create a 800-acre tourist city that will have its own native token currency.
Li tells Blockchain Asset Review how decentralisation of custody could be a potential answer to stave off cyber thefts at crypto exchanges
CEZA, or Cagayan Freeport, issues the second STO exchange license to Asia Digital Exchange (ADAX)
The teams from the two central banks used a novel technique named Hashed Time-Locked Contracts (HTLC) to allow for payments without the need for a trusted third party.