Bank of China’s Shanghai Branch Completes First Digital Yuan Settlement for Precious Metals

by Александр Пирогов | Dec 22, 2023 | Blog News

The Shanghai branch of the Bank of China has successfully conducted the first-ever settlement of precious metals using the digital yuan. Collaborating with the Shanghai Gold Exchange, the bank finalized a $14 million transaction, marking a significant milestone for...

El Salvador Offers Expedited Citizenship for Bitcoin Donors

by Александр Пирогов | Dec 22, 2023 | Blog News

El Salvador’s Congress has approved a new migration law, championed as a “vital interest” by President Nayib Bukele, allowing foreigners to obtain expedited citizenship by donating Bitcoin to the country’s development projects. The program,...

Elon Musk Announces Mid-2024 Launch for X Payment Services

by Александр Пирогов | Dec 22, 2023 | Blog News

Elon Musk has revealed plans for X to launch in-app payment services by mid-2024 during a conversation with Cathie Wood of ARK Invest. Musk mentioned that the timeline is subject to approval for various money transmitter licenses, indicating the platform’s...

FDIC Finalizes Rules Addressing Bank Signage and Crypto Ads in US

by Александр Пирогов | Dec 21, 2023 | Blog News

The Federal Deposit Insurance Company (FDIC) has announced updated rules for bank signage and advertising, addressing both the cryptocurrency industry and potential misrepresentations in traditional banking. The new regulations aim to ensure clarity and transparency...

China Completes First Cross-Border Digital Yuan Transaction

by Александр Пирогов | Dec 21, 2023 | Blog News

The Bank of China’s Shanghai Branch has successfully completed the first cross-border digital yuan transaction, settling a 100 million yuan trade. The transaction involved collaboration between the Bank of China Shanghai Branch, its RMB Trading Business...

U.S. Appeals Court Finalizes Forfeiture of Silk Road Bitcoin

by Александр Пирогов | Dec 21, 2023 | Blog News

A U.S. appeals court has issued a mandate formalizing the forfeiture of 69,370 bitcoins and other cryptocurrencies linked to the defunct Silk Road dark web market. The judgment, originally made in August, became effective following the finalization of the mandate....