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In a digital currency sector that is one of the largest in the world but is still mostly unregulated, the problems with wemix, a digital coin produced by South Korean game company Wemade, last year were a wake-up call for investors and regulators alike. When it comes to "play-to-earn" v...

Retail CBDC pilot to be started by Bank of Thailand

The retail Central Bank Digital Currency (CBDC) pilot programme, slated to run from late 2022 to mid-2023, has officially begun, according to the Bank of Thailand.

The study, which will concentrate on the growth of retail CBDC and its potential effects across the banking sector, will ma...

Singapore Central Bank’s Guidelines Discourage Crypto Trading

On Monday, the Monetary Authority of Singapore issued guidelines limiting the promotional activities of the cryptocurrency trading service providers for the general public. The MAS intends to protect retail investors from potential risks by doing so.

Singapore is home to a number of cry...

Is digital currency trustworthy

Highlights :

•             Another hack creates chaos in NFT

Around $18.7 million was hacked from Lympo on 10th January 2022 around 12.32 pm UTC

Lympo: A sports NFT minting platform suffered from a secu...

Australia Proposes Digital Currency for Central Bank

On Wednesday, the Australian Treasurer, Josh Frydenberg, announced a consultation on reforms for digital currency, turning heads of crypto enthusiasts.

He said in a speech in Melbourne that the government was analyzing plans for a central bank for digital currency. He stated that the go...

Modi chairs meeting on Cryptocurrency, raises concerns about money laundering and terror financing

Prime Minister Narendra Modi conducted a meeting and discussed cryptocurrency, with government sources. It was strongly believed at the meet that cryptocurrency can mislead the youth by over-promising and non-transparent advertising.

Highlights

• Prime M...

CHINESE STOCKS END HIGHER; SHANGHAI TO HAND OUT DIGITAL CURRENCY

Highlights –

• Chinese stocks end higher; Shanghai to hand out digital currency.
• Shanghai Composite Index ended up 0.21 percent, at 3,591.84 points.
• The ChiNext Index gained 1.28 percent to close at 3,242.61 points.
• Shanghai ...

BEIJING TO HAND OUT AROUND $6.27 MILLION IN DIGITAL CURRENCY

Highlights –

• Beijing to hand out around $6.27 million in digital currency.
• Beijing Local Financial Supervision and Administration Bureau will do the same through a lottery system.
• China has been developing digital yuan since 2014, but...

BOJ WILL START FEASIBILITY STUDY ON DIGITAL CURRENCY

Highlights –

• BOJ will start feasibility study on digital currency.
• The central bank will gear up preparation to swiftly supply the virtual unit.
• 5 banking associations will be studying CBDC among few others.
• BOJ held its fi...

INDIAN CRYPTOCURRENCY INDUSTRY SEES HOPE IN NEW STANCE OF FM

HIGHLIGHTS

• Currently cryptocurrency does not have any legal recognition in India.
• However, now cryptocurrency industry in India is seeing hope in the new stance of Finance Minister.

Although Indian law does not recognize the concept ...

PETER SCHIFF: GRAYSCALE WILL SELL BTC TO FUND BUYBACK OF GBTC

Highlights:

•          Peter Schiff does not think bitcoin is of any value

•          The statements about Grayscale selling its BTC has been refuted by the company  <...

GEEK GROUP OFFICIALS INDICTED; 2 YEARS AGO THE GROUP SHUT DOWN POST A RAID

Highlights:

•    The Geek Group is now defunct

•    Indicted individuals will face consequences if convicted.

Geek Group was raided two years ago for illegally transacting money in lieu of bitcoin. It was alleged that the group...

WazirX GAIN IN TRADING VOLUMES FOR FEB 2021

Highlights:

•             In a contrast to the cryptocurrency situation in India, WazirX gains in trading volumes

•             The cryptocurrency ...

BANK OF KOREA GOVERNOR SAY NO TO BITCOIN, YES TO DIGITAL CURRENCY

Highlights:

•             Lee Ju-yeol considers bitcoin to be an asset with no intrinsic value

•             He supports the idea of central bank d...

FED CHAIR JEROME POWELL: US STILL NEEDS TO THINK ABOUT A DIGITAL CURRENCY

Highlights:

•          US Treasury Secretary, Janet Yeller supports a centralized digital currency for the US

•          Powell says they are considering the same “very ca...

THAILAND’S TOURISM AUTHORITY WANTS TO ENABLE CRYPTOCURRENCY PAYMENTS

Highlights:

•             Thailand primarily wants to target Japanese tourists to visit the country

•             Cryptocurrency transactions are w...

INDIAN GOVT. FIRM ON BANNING CRYPTOCURRENCIES

Highlights:

• The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 will be introduced in the budget session
• Investors are likely to be given 6 months to take care of their cryptocurrencies

India's stand on cryptocurrencies remai...

PAYPAL: OUR DIGITAL WALLETS PERFECT FOR DIGITAL CURRENCY DISTRIBUTION

Highlights:

•             PayPal wants to be chosen as the medium to distribute digital currency

•             The company has plans to expand its ...

MASTERCARD LIKELY TO ALLOW CRYPTO SETTLEMENTS FOR MERCHANTS IN 2021

Highlights:

•             Mastercard has been planning to integrate digital currency transactions in its system

•             The cryptocurrencies ...

CHINA TO DOLE OUT $1.5 MILLION IN A DIGITAL CURRENCY PILOT RUN DURING LUNAR NEW YEAR

• Beijing will dole out about $1.5 million in a limited trial run of the central bank’s digital currency, as told by the municipal government over the weekend.
• A sum total of 10 million yuan will be handed out through about 50,000 packets of 200 yuan, or about $30, each.