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BEIJING: China has joined a multilateral central bank digital currency project in Asia for real-time cross-border transactions like cross-border fund transfers, international trade settlements and capital market transactions, amid renewed global efforts to promote the use of digitalised legal tenders.
IF central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep deeper into the darkness.
Responding to the recent rise of cryptocurrencies and dwindling global cash use, some central banks are announcing plans for bank-backed digital units.
As cryptocurrency mania pushed blockchain stocks to record breaking highs, China's equivalents are being left behind.
KUALA LUMPUR: The Securities Commission has added more unauthorised websites, investment products and companies to its alert list among which are Red Fort Capital, Syarikat Future Pelaburan, SAMKoin and Xeraya-Capital.
IN A quiet week by 2021 standards, the speculative excesses that have defined this bull market hit new records with little fanfare.
Mastercard Inc. will start allowing cardholders to transact in certain cryptocurrencies on its network, already partnered with cryptocurrency firms including Wirex and BitPay
Mastercard, Twitter latest to embrace digital assets
Tesla boots the bitcoin bandwagon closer to corporate America
LONDON (Reuters) - Bitcoin was fast approaching the $50,000 mark on Tuesday as the afterglow of Elon Musk-led Tesla's investment in the cryptocurrency had investors reckoning it may become a mainstream asset class for both corporations and money managers.