China has handed the nation’s long-awaited civil code which expands the scope of inheritance rights to incorporate cryptocurrency, comparable to bitcoin. Inherited cryptocurrencies shall be protected beneath the brand new regulation. In the meantime, a number of Chinese language courts have just lately dominated that bitcoin and ethereum are properties protected by regulation. The head of the PBOC just got his job last year as China named Yi Gang its first central bank chief in 15 years. Yi Gang is very comfortable with monetary easing tactics. South Korea. In a surprise move in mid-July, the Bank of Korea (BOK) announced reducing the country’s benchmark interest rates. The BOK also told the press that economists predicted rapid inflation forecasts and slashed the ... Amid the coronavirus pandemic, China's central bank has reportedly completed the basic development of the nation's central bank digital currency. The central bank is now drafting legislation for ... BLOCKCHAIN BITCOIN NIGERIA BINANCE NAIRA. Like this post: Read More. Newsletter Sign Up. Subscribe now and get exclusive news, interviews and stories. Subscribe. Latest. CBDC:Asia . PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions. Nov 02, 2020 2 MIN. DeFi . Uniswap’s Second UNI Airdrop Fails: Governance Proposal Defeated Again. Nov 02 , 2020 2 MIN. DeFi ... China's Ministry of Commerce has announced the pilot run of the country's central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested ... Binance circumventing US regulation? CZ denies it. IRS and cryptocurrencies: tax form changes in the US. New crypto regulation in the Isle of Man . U.S. Department of Justice published the Cryptocurrency Framework. Prev Next. Harvest Finance hack, $24 million subtracted. Darkside hackers, the modern-day Robin Hoods. The lies of Immediate Bitcoin. Crypto hacks totalled $1.36 billion in 2020 ... Yi Gang, Gouverneur der People’s Bank of China, erklärte, dass die Einführung des digitalen Yuan wichtig sein wird, um in einer digitalen Wirtschaft eine tragfähige Alternative für Bargeld zu bieten: “The rollout of central bank digital currency is conducive to efficiently satisfying people’s demands for legal tender under the digital economy, to improving the convenience, security and anti-counterfeiting level of retail payment, as well as accelerating the development of the country’s digital economy,” Yi Gang, governor of the People’s Bank of China (PBOC), previously explained. Bitcoin's price has plunged below $11,000 for the first time in over a month, breaking two support levels in less than a week. The world’s largest cryptocurrency is now trading at the $10,200 levels, slightly recovering from its low of $10,024, according to Binance.However, Bitcoin’s price at $10,000 can hardly be seen as a support level. China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law.
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