Venezuela’s Petro Cryptocurrency Is a Gift to Future Generations The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.… Read More
India Eyes State Digital Currency to Cut $90 Million Banknote Bill The Reserve Bank of India is mulling a central bank digital currency as a means to reduce the country’s huge spend on minting physical cash.… Read More
Bitt Inks Blockchain Deal With Another Caribbean Central Bank Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten to look into issuing a central bank-backed digital currency for the two nations.… Read More
Central Bank Crypto Could Bring Economic Gains: Bank of Canada Paper Central bank-issued cryptocurrency could bring economic welfare gains for Canada and the U.S., according to a researcher from Canada’s central bank. … Read More
Venezuela’s New National Currency Will Be Tied to the Petro, Says President Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial “petro” token.… Read More
Iran Plans National Cryptocurrency as New US Sanctions Loom Iran may soon issue its own cryptocurrency in a move aimed to bypass economic sanctions enacted by U.S. President Donald Trump.… Read More
UK Central Bank Says New Payments System Will Be Blockchain Friendly The Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms.… Read More
G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard G20 member countries are looking at an October deadline for reviewing and implementing a global AML standard on cryptocurrency assets.… Read More
Fed Chair: Cryptocurrencies Are ‘Great’ For Money Laundering The Federal Reserve Chairman Jerome Powell criticized cryptocurrencies during a hearing on Capitol Hill.… Read More
CFTC Official to Congress: Don’t Be ‘Hasty’ With Crypto Rules LabCFTC director Daniel Gorfine advocated for thoughtful regulation of the cryptocurrency space in Congressional testimony Wednesday.… Read More