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Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law

Chinese officials are to consider a cross-border Asian stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies – China, Japan, South Korea, and Hong Kong. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s … Continue reading Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

Lawmakers in the US are coaxing the federal government to consider a national blockchain strategy for regulation and growth, citing China’s Blockchain Service Network as an example.  US Wakes up to Blockchain A document released earlier this week shows House Rep. Brett Guthrie calling for a detailed study into blockchain technologies and their impact across … Continue reading “We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows.    The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions.   Chinese President Xi Jinping has previously announced the decision to develop … Continue reading China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor

John Bolton, a former national security advisor in the Trump administration, has purported that the US president ordered Treasury Secretary Steven Mnuchin to crack down on Bitcoin in mid-2018. As reported by the Washington Examiner on June 18, these claims are documented in Bolton’s book titled “The Room Where It Happened” that highlights his time … Continue reading President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor

Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies

The Bank for International Settlements (BIS), a coalition of 62 central banks, has weighed in on the trending topic of central bank digital currencies (CBDCs). The global central bank noted a positive interest by central banks to develop their state-backed digital currencies. This observation was contained in a special chapter it released ahead of its … Continue reading Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

The Australian National Blockchain Roadmap Steering Committee is seeking expressions of interest from its domestic blockchain community to create working groups on supply chain and credentialing. Australia’s National Blockchain Roadmap Steering Committee has reached out to its wider tech community to explore specific applications of blockchain technology in supply chain management, education, and agriculture. The … Continue reading Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report

The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem. Singapore’s central bank introduced Project Ubin in … Continue reading MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign … Continue reading Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

Malaysia's National Stock Exchange Conducts Blockchain PoC to Digitize Bond Market

Malaysia’s national stock exchange, Bursa Malaysia will conduct a blockchain Proof-of-Concept (PoC) dubbed “Project Harbour” to explore the DLT management of the country’s bonds market. Project Harbour is an initiative that will leverage distributed ledger technology (DLT) to digitize and grow Malaysia’s offshore bonds market—the Labuan Financial Exchange (LFX), a wholly-owned subsidiary of Bursa Malaysia. … Continue reading Malaysia's National Stock Exchange Conducts Blockchain PoC to Digitize Bond Market

China’s Blockchain Service Network Unveils New International English-Based Website

China’s Blockchain Service Network, introduced in early 2020, has launched an official international website. The Chinese Blockchain Service Network (BSN), has been open for commercial use since April 2020, after six months of internal testing. The BSN aims to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network. … Continue reading China’s Blockchain Service Network Unveils New International English-Based Website

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