G7 leaders establish digital currency guidelines for central banks
This week, the Group of Seven (G7) advanced economies discussed central bank digital currencies (CBDCs), deciding that they should “do no harm” and adhere to strict guidelines. On Oct. 13, G7 finance officials gathered in Washington to discuss central bank digital currencies and adopted 13 public policy guidelines for their deployment. The G7 countries, which […]
Binance delists Chinese Yuan (CNY) trading pairs on its platform
Binance cryptocurrency exchange is the latest to join the list of leading crypto exchanges in China that are closing their doors due to the tough regulatory crackdown in the country. Binance said earlier today, October 13, that on December 31, 2021, the crypto exchange will completely delist the CNY trading zone . Binance has released […]
Crypto Ban: Russia has no plans to follow in China’s lead by banning crypto outright
According to an Oct. 12 report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian Federation said that Russia is not out to ban crypto like China. As part of a legislation that went into effect in January, Russia continues to impose a prohibition on cryptocurrency payments; nevertheless, the nation […]
Bitmain stops its crypto mining rig shipment into mainland China
Bitmain, a Chinese producer of cryptocurrency mining equipment, has been forced to cease operations in China as of Oct. 11. In addition to China’s blanket prohibition on crypto activities, the company has cited China’s carbon-neutral policies as a reason for ceasing to supply Bitcoin (BTC) and cryptocurrency mining rigs. According to Bitmain’s announcement: “From October […]
McDonald’s China celebrates 31st anniversary with 188 NFTs
On October 8, fast-food giant McDonald’s China issued a batch of 188 nonfungible tokens (NFT) to commemorate its 31st anniversary in the Chinese market. The NFTs , dubbed “Big Mac Rubik’s Cube,” will be handed to workers and customers as part of the promotion. The Big Mac Rubik’s Cube NFTs are modelled on the three-dimensional […]