Finance

A bureaucrat at the International Monetary Fund (IMF), an organization working to strengthen worldwide financial cooperation, proposed a way for the central bank (CB) and private companies to jointly operate the CBDC.

Goldman Sachs, the leading global investment banking management multinational firm, is set to host a client call to discuss Bitcoin, inflation, and gold on Wednesday, May 27, at 10:30 am EST according to a leaked invitation letter shared on twitter.

On Thursday, May 21, the Albanian government officially passed a comprehensive law on the regulation of cryptocurrency-related businesses drafted by the Ministry of Finance and Economy.

The People’s Bank of China (PBoC), with three other state financial regulators, has proposed a plan to set up a finance trade platform exclusively powered by blockchain technology for the Guangdong-Hong Kong-Macao Greater Bay Area.

With the spread of smartphone-based apps and commission-free independent trading platforms, investing becomes accessible as never before. Now, in the times of Covid-19, many traders and brokers have a rare opportunity to play on market setbacks and turn them into a positive return.

The US is known for its controversial attitude to blockchain and cryptocurrency. Despite speculations about their government exploring the possibility of launching a digital dollar, the country's financial regulators such as the SEC demonstrate hostility against companies working in the sector.

According to the amended law adopted by the Financial Action Task Force, all cryptocurrency-related companies are to register by May 18 or cease their operations. Although the regulation also applies to banks and insurance companies, it is well known as the "Cryptocurrency Law".

Cryptocurrency and blockchain technology is taking root in Africa’s financial realm. The continent’s youth remains the frontrunners of development.

The operation of Bitcoin ATMs seems unaffected by the COVID-19 pandemic, with their number approaching 8,000 machines worldwide in April 2020.