The Bahamas Central Bank has begun testing the digital version of the Bahamas dollar Sand Dollar. Digital payments and admission of new categories of financial service providers to the domestic market will accelerate the reform of the payment system. Let us review the main news and quotations of the largest crypto values.
The Born2Invest mobile application is bringing the latest crypto, and business news from trusted sources to a single screen so you can stay on top of the market. The application is aggregating the most important and breaking news from relevant websites, the list is always revised and updated with new resources.
The Bahamas Central Bank has begun testing the digital currency
Sand Dollar will initially be tested in the Exuma area, and in the first half of 2020, the coin will be tested in Abacos and several other island areas.
The Central Bank stated that “The digital asset will help maintain financial sector stability and reduce transaction processing costs as well as reduce the risk of cash crimes”. In parallel, the regulator will develop rules for digital currency and consumer protection.
DigiByte will launch a decentralized stable coin
The DigiByte team is working on the launch of DigiDollars decentralized stable coins. And as per Jared Tate, the founder of the project’s comment on his Twitter account: “All other stable coins are running on very insecure centralized networks. Total junk.”
He added that people shouldn’t trust companies that operate as a central bank that “prints digital tokens,”. Tate suggested creating a decentralized system in which users would provide their own DigiDollars with their own bank account tied to their wallets. By using a smart contract and API, the balance will be confirmed in real-time.
Guangzhou authorities closed all cryptocurrency exchange platforms
In Guangzhou, all cryptocurrency exchange platforms have stopped operating. Now the third-largest city in China only has platforms for online equity finance, foreign exchange, and asset management.
On December 18th, Guangzhou’s Market Regulatory Bureau announced that it will strictly control the work of companies whose activities are associated with the siege. It was stated that “We must not only promote the development of new-generation information technology, such as the siege, and the digital economy industry but also prevent the registration of market entities engaged in illegal activities under the banner of the siege”.
YouTube called deleting the cryptocurrency video an error
A YouTube spokesman said it was a mistake to delete hundreds of cryptocurrency videos, “There are huge amounts of videos posted on our site, and sometimes we make bad decisions. When someone draws our attention to a video that was deleted by mistake, we quickly restore it.
We also offer uploaders the opportunity to appeal the removal.” A representative of YouTube also added that there have been no changes in the service policy regarding the topic of cryptocurrency. Later, YouTube has fully restored access to crypto-related content.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in IHODL, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Fez-Meknes: the roadmap for economic recovery is ready
The CRI Fez-Meknes conducted a series of interviews with institutional partners and a survey of economic operators in the region...
Workinvoice and Banca Sella to develop end-to-end digital financial services for SMES
The collaboration between the companies will allow Banca Sella's SME customers to take advantage of the best digital solutions to...
The Viechtach brewery launches a crowdfunding campaign to cope with the health crisis
The Viechtach brewery in the district of Regen is trying to fight the corona crisis with crowdfunding. Owner Markus Grüsser...
The support for medical cannabis is growing in Spain
The percentage of Spanish people who support the use of medical cannabis rises to 90% (from 84% in the previous...
Sanofi boosts its consumer healthcare business in Spain with a new company
The company says the operating context of the self-care industry is different from that of the prescription drug industry. Sanofi,...
Business6 days ago
Using images in your website: what you need to know
Crypto5 days ago
ETC Group launches first ETP on centrally cleared cryptocurrency Litecoin
Featured7 days ago
Primaflor and Kimitec sign agreement to grow zero-waste leaf products
Featured4 days ago
Our ‘Chart of the Week’ looks at Bitcoin and the new star of the crypto market – Dogecoin