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Switzerland Visit Fails to Quiet US Regulators’ Crypto Concerns
Lawmakers from the United States have recently visited Switzerland. Part of the goal of the journey was to help American lawmakers quell their concerns over Facebook’s cryptocurrency, Libra. However, it is now clear that the trips did not solve all worries. Switzerland visit did not quell concerns over Libra Specifically, Representative Maxine Waters – known for urging Facebook to halt Libra development – recently made an official statement. Waters notes…
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India’s Supreme Court Seemingly Supports Crypto, Gives Central Bank 2 Weeks to Justify Crypto Ban
India’s Supreme Court has just released a statement criticizing the country’s central bank. Specifically, the Reserve Bank of India is being criticized for how it has handled the country’s cryptocurrency ban. Moreover, the central bank has now been given just two weeks to address complaints over the crypto ban. India’s Supreme Court orders RBI to justify crypto ban This news came in the latest session of several hearings, detailing the…
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People’s Bank of China Reveal National Digital Currency “Is Ready”
The People’s Bank of China, China’s central bank, recently made a claim that it has now got a “ready” digital currency. This comes as the People’s Bank of China has been working on a blockchain solution for multiple years. China’s central bank reveals that its digital currency is “ready” Specifically, the Deputy Director of the People’s Bank of China, Mu Changchun, commented on this new digital currency. His comments came…
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US Federal Reserve Reveals New Real-Time Payment System, Confusing Crypto Bulls
The United States Federal Reserve Board has officially revealed that it will launch a real-time payments settlement service. This initiative is aimed at boosting the payments infrastructure in the nation. Moreover, this comes as banks are increasingly looking to crypto for real-time global payments. The FedNow Service will work 24/7 This news came in an official press release on August 5th. The service will be called the ”FedNow Service”. Moreover,…