Bloomberg: Proposed Chinese Crypto Could Increase Beijing’s Control
Dec16

Bloomberg: Proposed Chinese Crypto Could Increase Beijing’s Control

The People’s Bank of China is reportedly considering the creation of a state digital currency and has filed more than 100 cryptocurrency and blockchain-related patent applications in the last two years. However, a new report from Bloomberg this week suggests that a national cryptocurrency in China may do little to expand freedom and opportunity for the country’s citizens. Instead, it could help the government exert even greater control over its people and the country’s financial system.

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Saudi Arabia, UAE Collaborating on Joint Digital Currency for Cross-Border Bank Transactions
Dec15

Saudi Arabia, UAE Collaborating on Joint Digital Currency for Cross-Border Bank Transactions

Central Bank of the United Arab Emirates (CBUAE) governor Mubarak Rashed Al Mansouri confirmed this week that the UAE is collaborating with the Saudi Arabian Monetary Authority to study development of a blockchain-based digital currency that the two nations can use for cross-border transactions.

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Basis Stablecoin Project Ends
Dec14

Basis Stablecoin Project Ends

Basis has confirmed that its cryptocurrency project is coming to an end. The company, which raised $133 million in investor funding in early 2018, made the announcement in a December 13 message on its website. That post also announced that Basis will be returning its remaining investment funds to investors.

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Coincheck President: Crypto Market Slump Impacting Exchange’s Post-Hack Recovery
Dec13

Coincheck President: Crypto Market Slump Impacting Exchange’s Post-Hack Recovery

Coincheck President Toshihiko Katsuya told reporters on Wednesday that the ongoing slump in Bitcoin’s price has negatively impacted the exchange’s ability to regain its footing since being hacked earlier this year, the Nikkei Asian Review reports.

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Netherlands Proposes Licensing for Crypto Service Providers
Dec12

Netherlands Proposes Licensing for Crypto Service Providers

The Netherlands is reportedly proposing a measure that would require cryptocurrency service providers to seek licensing approval to operate in the country, according to a December 11 report from De Telegraaf.

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