China Aims to Replace Cash with Two-Tiered Digital Currency, Says New Binance Report

A fresh research report from the major cryptocurrency exchange Binance speculates over details on China’s upcoming digital currency. Specifically, Binance suggests that the digital currency will most likely have a “two-tier” system. As such, this system could replace the fiat paper notes and coins currently in circulation. China’s digital currency will reportedly come with 1:1 … Continue reading China Aims to Replace Cash with Two-Tiered Digital Currency, Says New Binance Report

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 … Continue reading Switzerland Visit Fails to Quiet US Regulators’ Crypto Concerns

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 … Continue reading India’s Supreme Court Seemingly Supports Crypto, Gives Central Bank 2 Weeks to Justify Crypto Ban

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 … Continue reading People’s Bank of China Reveal National Digital Currency “Is Ready”