Bank of England deputy governor Sir John Cunliffe will reportedly co-chair a central bank working group created to explore the potential benefits and risks of central bank digital currencies, The Guardian reports. The group’s efforts are the latest in a series of responses to Facebook’s proposed Libra cryptocurrency project from officials across the globe.
The UK has opened a new contract seeking proposals for a software tool that can track Bitcoin and other major cryptocurrencies that might be used for illicit purposes. According to a report from The Next Web, HM Revenue and Customs plans to prioritize bids from developers who offer tools that can also track the use of Dash, Zcash, and Monero.
Officials in the Turkish municipality of Konya are reportedly working to develop and launch a municipal digital currency they’re calling City Coin, Uzmancoin reports. The city’s mayor, Uğur İbrahim Altay, confirmed that the government plans to use the new currency for tax collection and trading.
The Reserve Bank of Australia has confirmed that it has been testing a simulated central bank digital currency to determine its usefulness for intrabank settlement of customer payments. While the central bank continues to question the need for a CBDC in Australia, it apparently plans to continue its experiments, Ledger Insight reports.
The Securities and Exchange Commission (SEC) today announced charges against two individuals and two businesses accused of conducting a fraudulent initial coin offering (ICO). According to the SEC complaint, one of the defendants, convicted felon Boaz Manor, used a disguise and alias to conceal his identity.