Bank of Tanzania purportedly makes plans to launch CBDC
According to Bank of Tanzania Governor Florens Luoga, the central bank has “already begun preparations” for a digital shilling (CBDC). Tanzania’s central bank, the Bank of Ta nzania, is apparently intending to launch a central bank digital currency, or CBDC, after neighbouring nations revealed similar plans. According to a Bloomberg story published on Friday, Bank […]
South Korean regulator proposes rigorous new rules for token issuers
The FSC of South Korea wants to create a system that recovers fraudulently obtained funds, punishes criminals, and protects investors from future misdeeds. The Financial Services Commission (FSC) of South Korea has released a paper laying out its new definition of cryptocurrencies, as well as proposed procedures for token issuers and penalties for non-compliance. Individuals […]
The future is Bitcoin according to creators South Park
South Park, an animated television series that frequently covers current events with a comic spin, depicted Bitcoin as a common payment method in the not-too-distant future. “It’s the future — we’ve all decided centralized banking is rigged so we trust more in fly-by-night Ponzi schemes ,” said the motel clerk accepting Bitcoin as payment. South […]
UK Law Commission confirms that smart contracts are governed by English and Welsh law
The UK Law Commission, which is responsible for reviewing and recommending modifications to the country’s laws, has said that smart legal contracts in the digital asset area do not require statutory law reform in England and Wales. “The Law Commission ’s analysis demonstrates the flexibility of the common law to accommodate technological developments, particularly in […]
Virtual Real Estate: Axie Infinity’s virtual land slot sells out for 550 ETH
It is the greatest sum ever paid for virtual real estate, according to the game’s creators. A valuable land plot within the monster-battle fantasy nonfungible tokens, or NFTs , was sold for 550 ETH ($2.3 million) late Thursday, according to a tweet by Axie Infinity. Users command axes to duel other players, defeat foes and […]