China’s central bank to expand deployment of e-CNY
According to China’s state institution Xinhua News Agency, Lan Zou, head of monetary policy at the People’s Bank of China (PBoC), announced that the country would be expanding the number of digital yuan (e-CNY) test sites in the country. They are spread out across 15 out of 31 of China’s provinces and autonomous regions.
Survey reveals high penetration and adoption of crypto in Saudi Arabia
According to a survey conducted by crypto exchange KuCoin, The high degree of penetration and adoption of crypto in Saudi Arabia makes it an important market for digital currencies, demonstrating the potential for expansion in the Middle East and North (MENA) region.
Brazil beams Bitcoin from space: A case for BTC satellite nodes
Alessandro Cecere, product manager at Ledn and a Venezuelan national, has established the purported first Bitcoin (BTC) satellite full node in Brazil. It’s a small step for Bitcoin’s web of nodes but a giant leap for Bitcoin adoption.
US Senate confirms Michael Barr as Fed vice chair for supervision
The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the Federal Reserve. As vice chair for supervision, Barr will be responsible for developing policy recommendations for the Fed as well as overseeing the supervision and regulation of certain financial institutions.
UK Treasury Committee opens inquiry into crypto industry
The Treasury Committee of the United Kingdom’s House of Commons said it had opened an inquiry allowing people to write about the role of crypto assets in the United Kingdom. The Treasury Committee said it would be exploring how to balance regulation “to provide adequate protection for consumers and businesses without stifling innovation” as well how cryptocurrencies and distributed ledger technology could impact individuals, businesses and financial institutions.
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