Search Results for: digital currency
China to launch its own digital currency
February 24th, 2017
The People’s Bank of China (PBoC) has done trial runs of its prototype cryptocurrency, taking the central bank a step closer to issuing digital money that can be used for all sorts of transactions. If things go according to ...
Will South Africa issue a national digital currency?
February 15th, 2017
The South African Reserve Bank (Sarb) is open to issuing a national digital currency, which would likely be based on Blockchain or Distributed Ledger Technology (DLT). “If we go the route of issuing a digital currency, the objective would ...
Liverpool Gets Its Own Digital Currency
February 6th, 2017
Liverpool, home of the 1960s English rock band, The Beatles, has become the latest destination to launch its own digital currency. Launched a month ago by Colu, a Tel Aviv-based technology company, the Liverpool Local Pound (LLP) already has ...
Israel to Tax Digital Currency Sales as Property
January 17th, 2017
In a statement released this week, the Israel Tax Authority (ITA) announced that it has decided to treat digital currencies like Bitcoin as assets rather than as foreign currencies for the purpose of taxation. That announcement has come more ...
West Africa now has its own digital currency
December 30th, 2016
Senegal will soon begin using a digital currency in 2017. It’s another opportunity for financial technology (fintech) to help emerging markets leapfrog traditional banking systems and bring financial inclusion to more people. If the Senegal roll-out is successful, the ...
Japanese MegaBank Mizuho Tests its Own Digital Currency
December 8th, 2016
Japanese banking giant Mizuho has tested its digital currency developed in partnership with IBM Japan to reduce costs of money transfers, a report has revealed. The Mizuho Financial Group-IBM partnership announced earlier this year has seen successful testing of ...
ADCCA launched the first Australian Digital Currency Industry Code of Conduct
December 7th, 2016
Industry joins forces to create a digital currency code of conduct to protect consumers and boost growth The Australian Digital Currency & Commerce Association (ADCCA) today launched the first Australian Digital Currency Industry Code of Conduct to ensure consumers ...
Vietnam considers giving digital currency a legal aspect
December 6th, 2016
Last week it was Russia. Now, Vietnam is reportedly joining the leagues of countries that will soon legalize virtual currencies like bitcoin. Vietnamese-language news outlet VnEconomy reported that the government and relevant ministries are working on a proposal for ...
The second country in the world to develop a National Digital Currency
December 1st, 2016
Senegal has recently become only the second country in the world to introduce a digital currency based on blockchain technology. Named eCFA, the digital currency will be legal tender just as the current currency, CFA Franc, is. Senegal’s eCFA ...
Sweden could soon be the first country in the world to have its own digital currency
November 21st, 2016
Sweden’s central bank is looking into launching its own digital currency, it has revealed. If the e-krona is indeed launched, it would make the Riksbank the first major central bank in the world to have a digital currency. “The ...
