The Central Bank of Japan will begin testing its CBDC digital currency to learn its benefits and determine whether a potential issuance is viable for the nation. On the other hand, BitMEX hires an AML compliance director to ensure that the exchange's operations comply with current regulations on the matter. This and more news in this practical daily summary so that you are always informed of events most recent that occur within the crypto world.
📍 The governor of the Central Bank of Japan, Haruhiko Kuroda, reported that the entity will begin testing the digital currency CBDC for the digital yen starting next spring. The tests will be focused on determining the requirements and basic principles for the issuance of a potential number of digital currencies, as well as evaluating their performance as a tool with the capacity to counteract the negative effects of the current economic crisis. The announcement by the Central Bank of Japan comes a few days after South Korea will inform of the start of pilot tests for its CBDC starting next year and that the Banco Popular de China request to accelerate the launch of your digital currency DCEP.
📍 BitMEX hires Malcolm Wright as AML Compliance Director to ensure that AML anti-money laundering and anti-money laundering regulations and legislations are complied with within the exchange platform cryptocurrencies, . Wright has extensive experience in compliance and anti-money laundering and has worked closely with international groups to this end. Let us remember that a few days ago, BItMEX was accused by the Department of Justice (DOJ) and the United States Commodity Futures Trading Commission (CFTC) for operating unregistered and illegally in the United States. Given these accusations, 100x Group, the company behind the exchange, dismissed several of the top managers.
📍 The CEO of Ripple Labs, Brad Garlinghouse, published a series of tweets on its official account where it accuses the US government of favoring Asian technologies, especially those of Chinese origin. Garlinghouse assures that his company, Ripple, supports and respects strict US laws and complies with strong BSA and AML controls. However, some US regulators are making decisions that actively favor Chinese technologies over those developed by US companies.
Garlinghouse reaffirmed what was expressed by Larsen, CEO of Ripple, during the LA Blockchain Summit, about leaving the North American nation if necessary to guarantee the success of his company.
📍 Aztec, a privacy protocol developed on Ethereum, announced a new scaling solution: Aztec 2.0, which integrates several functionalities that allow private transactions and smart contracts to be carried out simultaneously and with commission rates much cheaper than standard transactions. Aztec 2.0 offers scalability, privacy and economics in a single package.
📍 In a article from MarketWatch, Philip Lane, head of the European Central Bank, expresses that European stock futures may fall significantly after registering an incredible increase, this is because the stimulus packages in the region appear not to be working as expected. Similarly, in the United States, Republican and Democratic congressmen expressed their rechazo by the new stimulus package proposed by the Donald Trump administration, worth $1,8 billion. Given the new outlook, stock futures in the United States and Europe may be negatively affected.
📍 Elon Musk, the billionaire founder of Telsa, tweeted a message on his official account denying the affirmations by Will Reeves that the businessman has an ATM Bitcoin (BTC) at Telsa Gigafactory Fremont in Nevada.
Although Musk denies the existence of this ATM, it seems that LibertyX, if installed a unit at the Tesla Gigafactory, which is now live so users can purchase Bitcoin 24/7.
📍 Capital considers that the current panorama regarding Bitcoin will lead Paypal to consolidate its services as one of the largest providers of the cryptocurrency. The business platform notes that measures against BitMEX would have sunk the price of Bitcoin in the past, but as it is an increasingly mature market, the price of the cryptocurrency is now "stronger than ever."
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