The island-nation of Macau is inching closer to the launch of its state-backed digital currency as it looks to shed off money launderers and fraudsters from the casinos and gambling dens that dot the city, as per a report today on Bloomberg.Macau turns to digital currencyDubbed the ‘Vegas of the East,’ Macau sees billions of dollars flow through its high-profile casinos and … [Read more...] about Macau’s high-rolling casino industry faces a digital currency threat
Galaxy Digital today submitted Form S-1 with the U.S. Securities and Exchange Commission (SEC) for consideration of a Bitcoin exchange-traded fund (ETF). The filing is used by companies that plan on going public to register their securities.The 9th #Bitcoin ETF has been filed in the U.S. this time by Galaxy. pic.twitter.com/jeMegKkru6— Documenting Bitcoin 📄 (@DocumentingBTC) … [Read more...] about Mike Novogratz’s Galaxy Digital files for Bitcoin ETF with U.S. regulators
Cointelegraph Consulting’s 2021 ranking of the top five United States-based regulated crypto asset management firms highlights that Bitcoin’s explosive growth in price has catapulted many digital asset managers past the half-billion-dollar mark. As more and more investors are turning to the digital asset market, these companies are on track to becoming important players in the … [Read more...] about 5 largest regulated US digital asset managers hold over $46B of crypto
This is part one of a multipart series on blockchain and crypto in China.China has been discussing the possibilities of national digital currency for half a decade, and the Chinese digital yuan project — referred to as the Digital Currency Electronic Payment, or DCEP — has years of history. Back in 2014, the People’s Bank of China set up a research group “to study digital … [Read more...] about How the digital yuan stablecoin impacts crypto in China: Experts answer
A financial think tank has suggested that Britain should adopt a digital pound in an effort to strengthen London’s status as a global trade center in the wake of Brexit. Previously the gravitational center-point of Europe’s financial sector, London saw much of its influence lost at the end of 2020 when Britain’s exit from the European Union was finalized.The United Kingdom’s … [Read more...] about Can a digital pound CBDC retake London’s financial hub status post-Brexit?