Latest News Is Japan introducing a digital Yuan? The truth By AtoZcrypto Posted on October 13, 2020 1 min read 0 3 117 Japan is all set to modify laws and release a digital version of the country’s currency, Yen. According to Kozo Yamamoto, Japan must change its cryptocurrency-related laws to promote the adoption of digital currencies. Bank of Japan (BoJ) must create some rules to maintain the process of CBDC (Central Bank’s Digital Currency). Yamamoto mentioned making some changes to the law (including inflation rates and job creation, etc.), according to a Reuters report. Yamamoto stated these points after news about BoJ’s declaration of bringing digital currencies next year, was released on October 9. However, earlier, BoJ was not ready to launch this currency. But, this all changed after seeing China’s success with its digital Yuan. Japan is worried about China’s aggressive mentality, to monopolize the cryptocurrency market of Asia, and the rest of the world. We will check out what the authorities will decide later.
SEC Presses Charges Against Justin Sun & His Companies On March 22, The Securities and Exchange Commission (SEC) pressed charges against the cryptocurrency …
Vitalik Buterin Drops Altcoins with No Moral Value The Ethereum co-founder Vitalik Buterin has decided to liquidate his altcoin holdings because it …
CFTC Does Not Agree With SEC On Ether As A Security Option SEC chairman Gary Gensler has declared that Ether is security, especially after switching to …
Coinbase Cuts Ties With Silvergate: Latest Cryptocurrency News Silvergate has been facing lawsuits and investigations for a while. Now, the bank is …