Tag: Digital Currency
The Cashless Society: A Paradigm Shift in Financial Transactions
In recent years, there has been a substantial shift in the way we perform financial transactions. The development of digital payment methods and the introduction of novel [more…]
Massive Online Transition for Tax and Fee Business in China, Digital Yuan Payment in Pilot Use
Shen Xinguo, Director of the Taxpayer Services Division of the State Administration of Taxation, announced that 96% of tax matters and 99% of tax declarations in China [more…]
Canadians Consulted on Digital Currency
The Bank of Canada (BoC) has launched a public consultation to seek input from Canadians on the possible creation of a digital Canadian dollar. The consultation will [more…]
Texas House Advances Gold-Backed Digital Currency Bill
Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which [more…]
Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban
The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications and digital economy, Isa [more…]
Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted
Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton [more…]
Google Trends Data Shows Bitcoin Search Interest Surged This Week Amid 10-Month Price High
According to worldwide data from Google Trends, the search term “bitcoin” has reached a score of 93 out of 100 in the last seven days. Additionally, the [more…]
Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token
On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” [more…]
Iran’s Crypto Rial Project Enters Trial Phase
The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to [more…]
Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’
Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to [more…]
Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar
The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been [more…]
Russia’s Yandex Search Engine Adds Cryptocurrencies to Its Converter
Yandex, the largest Russian search engine, has updated its currency converter, adding cryptocurrencies. The widget now shows the rates of these coins in a number of fiat [more…]
Digital Gold Traded for Digital Rubles by Russia’s Rosbank
Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction [more…]
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy
The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the [more…]
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities [more…]
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also [more…]
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to [more…]
Bill on Digital Ruble Submitted to Russian Parliament
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how [more…]
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends [more…]
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made [more…]
Rosario Ingargiola, Founder/CEO BOSONIC.digital
Pemo: Welcome, Rosario. So good to speak to you again. It’s been a little while and obviously, a lot’s happened [more…]
