Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal. The central bank also announced that it will impose a fine on anyone caught utilizing the cryptocurrencies starting early 2018. Based on the new monetary law issued by the bank that is scheduled...
Indonesia-based Bitcoin payment platforms TokoBitcoin and BitBayar have reportedly shut down their operations following the announcement by the country’s central bank, Bank of Indonesia, that it will not accept Bitcoin as a form of payment. The operation of Bitcoin exchanges in the country, however, was not affected by the pronouncement. BitBayar, which is the...
Recently during an interview with Bloomberg, an official of Monetary Authority of Singapore (MAS), which serves as the central bank and financial regulator of Singapore, said that MAS has no plans of regulating cryptocurrencies. The central bank will keep “an open mind,” though the official also stated the necessity of...
Indian Bitcoin exchange Zebpay is adding 200,000 users a month and is eyeing half a mln by the end of 2017. In an interview with Forbes India, the exchange, which is one of the country’s ‘big names’ in Bitcoin along with Unocoin and Coinsecure, described recent market transformation as “crazy.” “It is crazy now. But when we started...
A Japanese national cryptocurrency will allow its finance sector to “use data to create new value” not possible with traditional setups. This is according to comments from Mitsubishi UFJ Financial Group (MUFG) CEO Nobuyuki Hirano, who is also chairman of the Japanese Bankers Association. Speaking at a news conference Thursday, Hirano said the...
Bitcoin exchange OKEx has announced it will join Bitfinex in opening a futures market to enable traders to speculate on the outcome of the SegWit2x hard fork scheduled for November. Notably, the exchange states that it will list the original chain as BTC, regardless of the fork’s outcome. The Hong...
Professional services and consultancy giant Accenture has been appointed by Singapore’s central bank to develop a prototype blockchain solution for interbank payments. Earlier this month, the Monetary Authority of Singapore (MAS) – the country’s defacto central bank and financial regulator – revealed the successful development of three different blockchain models for decentralized...
Big Blue is making what could be considered its first public foray into cryptocurrency. In the kind of unveiling that can only come before one of the biggest events in global finance, IBM is revealing today at Sibos 2017 the results of a partnership with blockchain startup Stellar in which it successfully settled real...
On Oct. 14, Peng Yijie, a powerful Chinese businessman, visited Chen Gang, the Communist Party Secretary of Xiong'an New Area and Vice Governor of Hebei Province. Peng reported the potential of Blockchain technology to Secretary Chen, trying to persuade him to cooperate on promoting Blockchain innovation in Xiong’an New Area. Smart city During the meeting,...
India has refused to comment on its progress with cryptocurrency regulation, only appearing to confirm that official plans were “in progress.” Reports by local news outlet Economic Times quote Reserve Bank of India Deputy Governor NS Vishwanathan as making comments to the press at an event in Calcutta today. “I can’t comment on...