A senior Federal Official, Michael Hsu, is expected to take over as head of OCC (Office of the Comptroller). However, will he use the position to influence the implementation of virtual dollar and crypto regulations? According to the Wall Street Journal on…
The boom of cryptocurrencies has led various nations to reconsider their diabolical approach towards adopting decentralized finance. There are now trials by multiple nations to launch their respective currencies, such as China is all caught up with inaugurating their digital Yuan. Now…
Since China announced that it would be launching a digital currency (digital yuan) before 2022, many countries have continued tout around the idea of a Central Bank Digital Currency (CBDC). However, despite the United States (U.S) being the world power and expected…
The central bank of China observed an increase in popularity for the Chinese CBDC Digital Yuan. The CBDC project aims to aid China in competing for the digital pursuit by means of substituting a considerable amount of its traditional fiat currency. Credit…
Not very long ago, the governor of the central bank of Norway expressed his opinion regarding Bitcoin’s rise to fame. However, Mr. Oystein Olsen was unimpressed with Bitcoin, as he believes there would never come a time where Bitcoin could supersede a…
The People’s Bank of China is all but ready to launch the new digital yuan to help the people of china get ahead with the race of digital currency. It intends to allow anonymous transactions of very small amounts to protect the…
With the growing rate of digital asset adoption across the whole world, there have been constant calls for digital currencies. Even though some countries are working on it more than others, most countries have rolled out prospective regulations to help them develop…
