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NEW YORK (Reuters): Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk's electric vehicle company Tesla Inc revealed it had bought US$1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher.
SHANGHAI: SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank's digital currency research institute and clearing centre, in a sign that China is exploring global use of its planned digital yuan.
MUMBAI (Reuters) - India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
MANILA (Philippine Daily Inquirer/ANN): The movement of cryptocurrencies will now be subject to the central bank’s rules on financial service providers to guard against the potential use of so-called virtual assets in laundering money, according to the country’s top monetary regulator.
Bitcoin steadied after earlier slumping below US$30,000 (RM121,275) on Friday in a retreat that stoked fresh questions about the sustainability of the cryptocurrency boom.
Swedish bankers face existential angst over the e-krona, an electronic equivalent of Sweden's currency, which could cost them their deposit base.
After slogging through 2020, the year ahead sees efforts to improve on the technologies and trends that helped the public navigate a pandemic-affected world.
THE bell has just tolled on one of the wildest years in Wall Street history, full of precipitous plunges, improbable rebounds and human tragedy.
HONG KONG: Bitcoin vaulted above US$29,000 to reach yet another record level on the last day of 2020, showing no signs of slowing down its torrid December rally.