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.
Vortex Fights Food Waste in Italy
Throwing away food causes a loss of over 22.8 billion euros. Vortex, a company that gives a second life to...
How the Rise in Bitcoin’s Price Affects the Planet’s Water Reserves
To verify Bitcoin transactions on the Blockchain, miners' computers must compete to solve mathematical equations across the network. To do...
Fintech Companies Are Creating 26,000 Jobs in Colombia
Fintech companies are revolutionizing the financial landscape in Colombia. These data are added to those provided by Finovista and Visa...
Why the Cannabis Industry in New York Run Into Difficulties
As per the Cannabis Growers Alliance, potential losses could reach millions in New York. While over half of U.S. states...
Winelivery Aims to Raise €3.5 Million to Expand Bar&Enoteca Line and Acquire a Media Company
Winelivery will use the capital from the collection to expand the Bar&Enoteca business line, which currently has four owned premises...
Biotech2 weeks ago
Novo Nordisk Invests €2.1 Billion in Its French Plant
Crowdfunding6 days ago
Recrowd, Real Estate Lending Platform, Finally Gets European Authorization
Impact Investing1 week ago
Green Bonds and Energy Transition Create ESG Opportunities for Investors
Markets2 days ago
Soybeans and Soybean Oil Appears to start a New Leg Down on the Charts