Cryptocurrency and digital currency news in July 2020
Each item below is a news headlines for a cryptocurrency news item reported online in July 2020, prioritising coverage of developments in the broad Asia-Pacific region, where possible.
Articles in July 2020 cover digital currency testing, implementation and research, alongside moves being made at national levels into central bank digital currencies – the digital yuan, the digital yen and Facebook Libra, for example. Other aspects of cryptocurrency covered include digital assets and tokenization, policy around digital currency, and regulation around cryptocurrency trading.
Each headline below is linked directly to its online news article; each item below was also delivered in Startup News Asia’s daily feeds on LinkedIn, Facebook and Twitter, and via our startup news app.
- ICYMI: US Federal Court ruling states definition of money is ‘a medium of exchange, method of payment, or store of value…and Bitcoin is these things’
- ICYMI: Israel’s Kirobo blockchain startup claims to have created ‘undo’ function for cryptocurrency transactions sent to wrong wallet address
- ICYMI: Lithuania to launch LBCOIN, its own central bank-backed digital token – 24 thousand to go on sale shortly
- Visa crypto projects head: “I’d argue that central bank digital currency is one of the most important trends for the future of money and payments over the next decade”
- A brief intro to Proton Chain, working to build a layer of security that enables P2P payments via traditional funds or crypto, between any 2 providers
- Download: Cryptodollars, The Story So Far (pdf)
- ICYMI: Bank of Lithuania launches e-shop in preparation for online sale of world-first blockchain-based digital collector coins, LBCOINs
- ICYMI: Bank of England is reviewing whether it should create a central bank-backed digital currency
- ICYMI: Mastercard expands cryptocurrency card payment program with partnership with UK’s Wirex, the first crypto platform allowed to issue Mastercard payment cards
- Online censorship and surveillance will persist as long as local fiat currencies are the only way to pay for telecommunication services
- Australia: Cointree, CoinJar and Swyftx now allow users to link accounts and public wallet addresses to Koinly, providing investors with a capital gains tax report
- ICYMI: AMD hardware firm and VC arm of ConsenSys complete $20.5M funding round, aiming for network of decentralized data centers for crypto-focused cloud computing
- ICYMI: In Hong Kong, some citizens are turning to crypto assets and encrypted communication to resist financial surveillance and internet censorship
- Japan: Soramitsu blockchain rolls out retailer-focused ‘White Tiger’ digital currency at University of Aizu in Fukushima, part of a wider smart city campaign
- South Korea: CrossAngle secures $3.3M with Xangle cryptocurrency disclosure platform from Hanwha conglomerate
- Major cryptocurrency exchange Binance to launch fiat-to-crypto trading platform in Australia, supporting direct purchases of cryptocurrency using Australian dollar
- Singapore: Monetary Authority and Temasek complete final development phase of blockchain project Ubin; now considering it as basis for commercial payments ventures
- ICYMI: US Federal Court ruling states definition of money is ‘a medium of exchange, method of payment, or store of value…and Bitcoin is these things’
- Japan: Government is expected to include consideration of central bank digital currency in formal economic plan
- Bank Of Thailand cryptocurrency rolls out for businesses before public debut, the third phase in its development of central bank digital currency
- ICYMI: Singapore monetary authority proposes New Omnibus Act for the Financial Sector to expand regulation of locally-based crypto businesses operating in overseas markets
- China: Didi Chuxing, owner of Uber China, to design and run trial of China’s central bank digital currency on its platform
- ICYMI: Raiinmaker influencer marketing platform launches with $50K Open Source Money rewards, using blockchain to reward fans for endorsements
- ICYMI: Bank of England is reviewing whether it should create a central bank-backed digital currency
- China: Suzhou City, a pilot location for digital yuan, inks MOU with Cypherium blockchain firm to aid city’s development of blockchain Infrastructure
- Bank of Japan head describes digital yen move as a top priority, seeing China’s CBDC developments as a potential future national security concern
- Japan: Bank of Japan publishes new research paper looking at the potential offline use of a digital yen
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