China’s Blockchain-based Service Network (BSN) has announced a partnership with U.K. tech firm INDUSTRIA, as the state-backed blockchain infrastructure looks to make a foray into the European market. See related article: BSN to integrate CasperLabs’ chain to support NFT issuance in China Fast facts The partnership marks BSN’s first attempt to enter the U.K. and […]

The cross-border multi-currency securities settlement system will be based on distributed ledger tech.

LAB577 founder Richard Crook and Farzad Pezeshkpour join BCB Group as COO and CTO, respectively.

BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy, announced today

The post LAB577 joins BCB Group  appeared first on Crypto-News.net.

The Central Bank of Malaysia, also known as the Bank Negara Malaysia (BNM) is exploring the possibility of launching its own central bank digital currency (CBDC). At the moment, the project is still in a “research mode” as the Asian nation is only looking towards “assessing the value proposition” of digital currencies. In an email written to Bloomberg, BNM stated: “BNM is actively assessing the value proposition of CBDC to Malaysia.” adding, “While a decision has not been made to issue CBDC, we have focused our research on CBDC via proof-of-concept and experimentation to enhance our technical and policy capabilities, should the need to issue CBDC arise in the future.” Earlier last year, Malaysia allied with the Bank for International Settlements, South Africa, Australia, and Singapore to develop a proof-of-concept CBDC pilot. Dubbed Project Dunbar, the pilot utilized the Corda and Quorum blockchain platforms from r3 and ConsenSys, to demonstrate the capabilities of blockchain-based cross-border remittances. The goal behind this includes developing a multi-CBDC platform to bring together central banks and commercial banks from over the world for cross-border payments solutions. Several countries have been testing the use of central bank-issued digital currencies. For instance, Thailand’s central bank has planned to test its retail CBDC for the public this year. Similarly, Cambodia has already rolled out its tokenized version of Cambodian riel, a blockchain-based CBDC called Project Bakong, and is recognized as one of the world’s first CBDCs. The Indonesian and Philippine central banks have both been racing towards developing their own digital currency. Indonesia, for instance, said that it’s developing a CBDC to counter the increased cryptocurrency usage in the country. Meanwhile, China has been testing and developing its e-CNY digital currency and wants to officially introduce it during the 2022 Winter Olympics.

The post Malaysia’s Central Bank Exploring the Potential Launch of a CBDC appeared first on Cryptoknowmics-Crypto News and Media Platform.

Crypto’s enemy number one, China, is preparing to roll out its own state-backed blockchain infrastructure to support the deployment of NFT-like collectibles, South China Morning Post reported.

The post China preps infrastructure for state-backed NFTs appeared first on CryptoSlate.

Following its crypto crackdown, China will reportedly keep a close eye on digital collectibles via permissioned blockchain infrastructure.

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China does not want its crackdown on cryptocurrencies to cause the country to fall behind in the NFT boom.

Kyber Network and Loopring prices are bottoming up after steep losses. LRC/USDT may reach $0.30 as KNC/USDT bulls target $2.3 in the short term.

Synthetix and Bancor prices are down double digits in the last trading month. BNT/USDT is capped below $4, while SNX/USDT will soar if bulls overcome $10.