Libra

Representatives of the People’s Bank of China said that soon their own digital currency will be launched in the country. It is reported by The Block with reference to Shanghai Securities News. So, the deputy head of the payment unit within the People’s Bank of China (NBK) Mu Changchun said that there is already a prototype of the digital currency, and the department’s research group has fully worked out the blockchain architecture for it. Issued […]

Germany's largest insurance company Allianz is developing an electronic payment system based on digital currency for instant cross-border insurance transfers, Forbes reports. It is known that the cost of the token will be pegged to the US dollar in a ratio of 1: 1. Allianz Global Corporate & Specialty (AGCS), which has already developed and tested the underlying infrastructure, is creating the system. The next step in the company called testing […]

North Carolina congressman Ted Budd re-introduced the Virtual Value Tax Fix Act bill to the House Committee on Budget, which proposed removing cryptocurrency transactions from double taxation. The relevant document is posted on the website of the US Congress. So, Budd believes that the Internal Revenue Code (1986) needs to be amended according to which digital currencies […]

The Board of Governors of the US Federal Reserve System (FRS) announced that the US central bank intends to develop its own payment and settlement network FedNow Service, which will allow any American bank to provide customers with round-the-clock and almost instant payments. @federalreserve announces Federal Reserve Banks will develop FedNow Service, a new round-the-clock real-time payment, settlement service to support faster payments in […]