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This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n

\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n

Previous 1 … 5 6 7 8 9 … 13 Next

The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n

Previous 1 … 5 6 7 8 9 … 13 Next

The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

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August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

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December 3, 2024

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\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1633876756343160832?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n","post_title":"Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gate-io-revolutionizes-the-payment-experience-with-a-new-visa-crypto-debit-card-in-europe","to_ping":"","pinged":"","post_modified":"2023-03-11 22:32:56","post_modified_gmt":"2023-03-11 11:32:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 5 6 7 8 9 … 13 Next

Most Read

Adoption

Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe

March 11, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Earlier this week, crypto exchange Bybit launched <\/a>its own crypto debit card powered by Mastercard. The card allows users to convert their crypto assets into fiat for online and offline purchases at over 50 million merchants worldwide. Payment processors, such as Visa and Mastercard, are expanding into the crypto space by partnering with crypto exchanges to launch crypto debit cards aiming to be some of the first to offer such services.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1633876756343160832?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n","post_title":"Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gate-io-revolutionizes-the-payment-experience-with-a-new-visa-crypto-debit-card-in-europe","to_ping":"","pinged":"","post_modified":"2023-03-11 22:32:56","post_modified_gmt":"2023-03-11 11:32:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Gate Group initially offered the crypto debit card to residents in the European Economic Area. The company plans to expand to other regions and scale up its service. A waitlist and registration process is now available for the new card.\u00a0To qualify for a Gate Card, users must have a Gate account and complete the KYC process. <\/p>\n\n\n\n
Earlier this week, crypto exchange Bybit launched <\/a>its own crypto debit card powered by Mastercard. The card allows users to convert their crypto assets into fiat for online and offline purchases at over 50 million merchants worldwide. Payment processors, such as Visa and Mastercard, are expanding into the crypto space by partnering with crypto exchanges to launch crypto debit cards aiming to be some of the first to offer such services.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1633876756343160832?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n","post_title":"Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gate-io-revolutionizes-the-payment-experience-with-a-new-visa-crypto-debit-card-in-europe","to_ping":"","pinged":"","post_modified":"2023-03-11 22:32:56","post_modified_gmt":"2023-03-11 11:32:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Gate Group, renowned for its crypto exchange Gate.io, has announced <\/a>the upcoming launch of its Gate Visa debit card. The debit card offers users an easy way to convert their crypto assets into fiat for in-store and online purchases. This allows spending seamlessly at the 80 million merchant locations worldwide that accept Visa. Users can track and manage their spending securely and with complete autonomy with its associated Gate Card app. <\/p>\n\n\n\n
Gate Group initially offered the crypto debit card to residents in the European Economic Area. The company plans to expand to other regions and scale up its service. A waitlist and registration process is now available for the new card.\u00a0To qualify for a Gate Card, users must have a Gate account and complete the KYC process. <\/p>\n\n\n\n
Earlier this week, crypto exchange Bybit launched <\/a>its own crypto debit card powered by Mastercard. The card allows users to convert their crypto assets into fiat for online and offline purchases at over 50 million merchants worldwide. Payment processors, such as Visa and Mastercard, are expanding into the crypto space by partnering with crypto exchanges to launch crypto debit cards aiming to be some of the first to offer such services.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1633876756343160832?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n","post_title":"Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gate-io-revolutionizes-the-payment-experience-with-a-new-visa-crypto-debit-card-in-europe","to_ping":"","pinged":"","post_modified":"2023-03-11 22:32:56","post_modified_gmt":"2023-03-11 11:32:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10331,"post_author":"13","post_date":"2023-03-09 00:32:40","post_date_gmt":"2023-03-08 13:32:40","post_content":"\n
Payments company Block, formally known as Square, is doubling down efforts to enhance efficiency in bitcoin mining<\/a> with the latest plans for a \u2018\u2018mining development kit.\u2019\u2019 The project aims to increase the accessibility and openness of bitcoin mining hardware for novel use cases.<\/p>\n\n\n\n
Announced Tuesday in a blog post<\/a> by Naoise Irwin, Block\u2019s mining hardware senior product lead, the MDK aims to tap into the significant opportunities that could increase accessibility and the openness of bitcoin mining hardware and enhance innovation in the sector. That includes support for development projects integrating bitcoin mining into novel use cases like heating solutions, off-grid mining, home mining, or intermittent power apps.\u00a0<\/p>\n\n\n\n
The MDK features an industrial-grade bitcoin mining hashboard designed for compatibility with customised control boards and third-party controllers like Raspberry Pi. It also has a custom-designed controller board compatible with the hash board, open-source firmware, a software API, and a web-frontend for developers. Also available, according to Irwin, are extensive reference materials and support documentation for easy hashboard customisation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Factors Determining The Size And Cost Of A Bitcoin Transaction<\/a><\/p>\n\n\n\n
Unlocking Innovation In Bitcoin Mining Technology<\/h2>\n\n\n\n
Dorsey\u2019s ambition in bitcoin mining dates back to 2021 when he unveiled<\/a> his vision of creating a customized, open-source silicon system that is decentralized with no third parties, energy efficient, and accessible to individuals and businesses.<\/p>\n\n\n\n
The publicly listed firm has already started to develop the proprietary bitcoin mining semiconductor chips, purpose-built application-specific integrated circuits (ASICs), that would reportedly form the basis for creating the expected suite of developer tools. The announcement ended with a call to action for developers and bitcoin miners to share their thoughts on the project and what they expect it to have via [email protected]<\/a>, adding that further updates would be shared in due time.<\/p>\n","post_title":"Jack Dorsey\u2019s Block Announces DIY Bitcoin \u2018Mining Development Kit\u2019","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jack-dorseys-block-announces-diy-bitcoin-mining-development-kit","to_ping":"","pinged":"","post_modified":"2023-03-09 00:33:50","post_modified_gmt":"2023-03-08 13:33:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10282,"post_author":"15","post_date":"2023-03-07 23:34:17","post_date_gmt":"2023-03-07 12:34:17","post_content":"\n
Cryptocurrency derivatives exchange, Bybit, launched <\/a>a debit card enabling users to use digital currencies for payments and cash withdrawals. Bybit cards integrate with the Mastercard network and enable fiat-based transactions by deducting cryptocurrency balances. <\/p>\n\n\n\n
A virtual card for online purchases will be provided free of charge at launch. A physical debit card is scheduled for release in April 2023. The card supports BTC, ETH, USDT, USDC, and XRP balances. User accounts automatically convert payments into Euros or Pounds based on the user's country of residence. Moorwand payment solutions provider issues the card, with ATM withdrawals and global payments limited to the user's Bybit account's aggregated cryptocurrency holdings.<\/p>\n\n\n\n
Bybit's payment solution aims to bridge the gap between cryptocurrency and fiat-based transactions. This is possible by providing a secure and innovative way to manage digital assets and traditional currencies. Users can safely and easily use cryptocurrencies in their daily lives, potentially heralding a new era of cryptocurrency adoption. <\/p>\n\n\n\n
The new debit card service marks a significant milestone in the evolution of payment solutions and industry innovation in the cryptocurrency industry.<\/p>\n\n\n\n
Read More: <\/em><\/strong>Bybit Suspends USD Transactions Via Wire And Bank Transfers Due to \u2018Service Outages From A Partner\u2019<\/a> <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1632911504776519680\n<\/div><\/figure>\n","post_title":"Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bybit-teams-up-with-mastercard-to-launch-revolutionary-crypto-debit-card","to_ping":"","pinged":"","post_modified":"2023-03-07 23:37:04","post_modified_gmt":"2023-03-07 12:37:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview <\/a>that Ripple is discussing with over 20 central banks regarding creating a Central Bank Digital Currency<\/a> (CBDC). This revelation highlights Ripple's dedication to CBDC development and its role in shaping the future of digital currencies.<\/p>\n\n\n\n
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining<\/a><\/p>\n\n\n\n
Entwistle highlighted that every country and the central bank has unique needs, that \"there are 200-plus countries out there\"<\/em> and a \"lot of central banks\"<\/em> worldwide. According to him, Ripple is \"in dialogue with not ten, not twenty, but a bunch more central banks around the world.\"<\/em> The company has already announced<\/a> projects with Bhutan and Palau. He believes this highlights the growing interest in tailored CBDC solutions for different regions.<\/p>\n\n\n\n
Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9928,"post_author":"13","post_date":"2023-02-17 13:27:44","post_date_gmt":"2023-02-17 02:27:44","post_content":"\n
\n
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year.<\/li>\n\n\n\n
Some of the subscribers include DekaBank, DZ Bank, and Union Investment.<\/li>\n<\/ul>\n\n\n\n
Germany's largest industrial manufacturing company Siemens has issued<\/a> a digital bond on a public blockchain, making it one of the pioneer companies in the European country to adopt blockchain technology. The bond has a volume of \u20ac60 million ($64 million) and a maturity period of one year.\u00a0\u00a0<\/p>\n\n\n\n
One of the benefits of issuing a bond on a public blockchain is that it makes paper-based global certificates and central clearance unnecessary, notes the announcement. It also provides a means for corporations to sell bonds directly to customers without intermediaries.\u00a0\u00a0<\/p>\n\n\n\n
Commenting in a press release, Ralf Thomas, the Chief Financial Officer of Siemens AG, said: \u2018\u2018with our innovative products and technologies, Siemens supports the digital transformation of its customers with great success. It is therefore logical that we test and utilize the latest digital solutions in finance, too<\/em>.\u2019\u2019 Siemens has become one of the latest corporations to issue a bond of such a kind.<\/p>\n\n\n\n
Speed, Efficiency, and Disintermediation<\/h2>\n\n\n\n
Issuing digital bonds on a blockchain is notably faster than traditional bonds, another advantage the company said was at the center of its operational efficiency.<\/p>\n\n\n\n
\u2018\u2018By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past. Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany,\u2019<\/em>\u2019 said Peter Rathgeb, Corporate Treasurer at Siemens AG. Some of Siemens\u2019 clients that have already signed up for the digital bond include DekaBank, DZ Bank, and Union Investment.<\/p>\n\n\n\n
Germany is considered one of the most crypto-friendly countries. Since the introduction of its Electronic Securities Act in 2021<\/a>, most regional corporations have been able to issue blockchain-based digital bonds. The Act positioned Berlin strategically in the digital asset space, including the Decentralized Finance (DeFi)<\/a> ecosystem.<\/p>\n","post_title":"German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-tech-giant-siemens-issues-digital-bond-worth-64m-on-public-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 17:34:01","post_modified_gmt":"2023-04-10 07:34:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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