Regulation
CBDC tracker shows U.S. falling further behind
Of the Big Four central banks, including those of the EU, UK and Japan, only the Federal Reserve has not progressed beyond research mode in central bank digital currencies.
Jeanhee Kim
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Archived coverage · Forkast crypto archive
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Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling
An investor who received $1.25M in Bitcoin by accident will not be criminally penalized, raising questions on the legal status of cryptocurrencies.
Danny Park
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xSpend allows GameFi tokens, stablecoins to pay for real-world goods and services
Crypto finance platform XLD Finance wants to enable users to spend GameFi tokens and stablecoins to pay for real-world goods and services. Fast facts The company has launched its first project, xSpend, which allows users from Bangladesh, India, Indonesia, Malaysia and the Philippines to purchase mobile prepaid credits on the platform using GameFi tokens and stablecoins. Users may also pay Philippine-based […]
Monika Ghosh
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Regulators and the problem of unstable stablecoins
Federal regulators have turned their sights on stablecoins. But is the attempt to tame this digital currency too late?
Forkast.News
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Court in Beijing says losses caused by crypto mining deals not protected by law
In a contract dispute case, a Beijing court in Chaoyang district on Wednesday ruled a legal arrangement for Bitcoin mining to be invalid, signaling how China’s legal system may view future crypto-related disputes. Fast facts In May 2019, the plaintiff, Fengfu Jiuxin company, signed purchases and services contracts with blockchain technology company Zhongyan Zhichuang, with the latter […]
Timmy Shen
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Binance to set up digital asset exchange in Indonesia with local telecom giant
Binance, the world’s largest cryptocurrency exchange, today announced that it has set up a joint venture with the venture capital arm of Telkom Indonesia, the country’s largest telecommunication company, to develop a new digital asset exchange there. Fast facts Binance said in a statement that it has teamed up with MDI Ventures — a US$830 […]
Timmy Shen
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Australia on track for a crypto boom by 2030, EY report says
The report says the country's crypto industry could swell by up to 30 times its current size in the coming decade.
Lachlan Keller
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China’s Zhejiang province busts dozens of state-owned entities for mining crypto
An internet authority in East China’s Zhejiang province has identified in July 4,699 IP addresses in the province that were involved with cryptocurrency mining, and among them 183 addresses were related to 78 state-owned entities, according to a Tuesday article published on the website of China’s Central Commission for Discipline Inspection (CCDI), the country’s anti-corruption […]
Timmy Shen
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Myanmar’s shadow government uses Tether in its fight against military rule
The National Unity Government recognizes Tether as an official currency, defying the cryptocurrency ban imposed last year.
Monika Ghosh
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Regulation
US SPAC’s refusal to merge with Hong Kong crypto firms raises questions
Crypto 1 will consider acquisition targets worldwide but steer clear of digital assets companies in China and Hong Kong. Are the lights dimming on a major crypto hub?
Timmy Shen
