Government Cryptocurrency

The Central Bank of Tunisia denies reports of issuing a dinar-backed digital currency

The Central Bank of Tunisia published a report quashing the rumors that it had launched a dinar-backed digital currency. However, the bank admitted they are considering a CBDC. The official document says that the bank is studying the opportunities...

Facebook Coin Libra to use advertisements for revenue “without using user data”

Facebook decided to launch its digital currency in June, and this project was named as Libra. Since the announcement, the digital coin is facing backlash from different parts of the world as well as the governing systems. Facebook is...

China’s Central Bank will not seek full control over the personal data of its digital currency users

China's official digital currency is expected to launch anytime soon. The central bank-backed digital currency would provide financial regulators in the country a tool to keep check of money flows. Many experts have argued that that issuing a national...

German Banks are unsure about Libra, not banning the Facebook Coin

Frankfurt's Goethe University's, Center for Financial Studies (CFS) surveyed the upcoming digital currency project by Facebook. The survey was conducted among the German bankers, and about 76% believe that the Libra could harm the country's monetary policy. 6% of...

The former US Fed chairman says there’s no need for central banks to issue digital currency.

Central banks all around the world are using a vast amount of resources to study central bank-backed digital currencies. Some countries are on the verge of issuing state-backed digital currencies. But the former Fed chairman thinks differently. According to...

Mavennet and Homeland Security working together for blockchain based oil tracking platform

Even though the U.S. Government and regulators are against the cryptocurrencies, but affirmative acceptance can be seen for the blockchain technology. The U.S. Department of Homeland Security (DHS) has reached out to a Canadian blockchain developing firm, Mavennet, to...

Former PBoC head says Libra would work better under IMF

The former boss of the People's Bank of China Zhou Xiaochuan, has made remarks about Facebook's Libra. In his opinion, Libra would work better under the IMF. Facebook's cryptocurrency has less chance of succeeding outside the control of mainstream...

Bank of Russia is considering to issue its own cryptocurrency

The head of the Central Bank of Russia, Elvira Nabiullina, while speaking in Duma, confirmed that they are actively studying how various digital currencies pilots are working in other countries. However, the central bank stands against the issuance of...

Binance to assist Ukraine in establishing the legal status of cryptocurrencies in the country

Binance recently announced that they signed an MoU with the Ministry of Digital Transformation of Ukraine to help the country in establishing the potential legal status of virtual assets and currencies in the country. The crypto giant would also...

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TRON founder Justin Sun confirms investment in Poloniex crypto exchange

During a joint Tron-Poloniex live streaming on Twitter, Justin Sun revealed that Tron was among several investors in the...