Israel’s Central Bank Announces Plans for Digital Shekel – BeInCrypto

The latest move by Bank of Israel is a policy reversal on three years ago when it recommended against issuing any digital currency.
Bank of Israel announced today that they would be releasing a digital shekel.

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Alipay Testing Digital RMB Payment Feature in Preliminary Trial – BeInCrypto

Chinese payments app, Alipay, has launched a digital renminbi solution for select users, granting a slew of features.
China’s Financial Associated Press is reporting that the Alipay payments app has launched a digital renminbi payment solution, with some financial institutions also joining in.

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Citigroup Weighing Crypto Market Entry Amid Client Demand – BeInCrypto

Due to surging interest in cryptocurrencies from its clients, Citigroup is seriously considering offering crypto-related services.
According to Citi’s Global Head of Foreign Exchange Itay Tuchman, the bank has not yet decided whether it will offer cryptocurrency services.

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CBDCs Will Lack ‘Key Properties’ of Cryptocurrencies, Says CZ – BeInCrypto

Binance CEO Changpeng Zhao (CZ) expects that central bank digital currencies (CBDCs) will lack “a few key properties” of cryptocurrencies.
CZ made the statement in light of a question whether CBDCs would displace cryptocurrencies, once they are adopted.

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New OCC Head Could Influence US Crypto Regulations – BeInCrypto

US Treasury Secretary Janet Yellen is expected to appoint Michael Hsu, a senior Federal Reserve Official, to serve as head of the Office of the Comptroller of the Currency (OCC).

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Digital Dollar Project Launches 5 Pilots to Measure Value of US CBDC – BeInCrypto

The Digital Dollar Project (DDP) is launching at least five pilot programs over the next year.
The projects will measure the value of a U.S. central bank digital currency (CBDC) and inform its future design.

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Crypto Capital Gains Tax in South Korea Sees Majority Support – BeInCrypto

A recent poll shows that most South Koreans support capital gains taxation of crypto, which is due to roll out next year.
Local media outlet, Yonhap News Agency, reported that over 53% of South Koreans support the taxation of cryptocurrencies.

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SEC Commissioner Says Chinese Digital Yuan Will Not Dethrone US Dollar – BeInCrypto

SEC Commissioner Hester Peirce stated the planned digital yuan will not eclipse the dollar. She cited the growth of stablecoins backed by the greenback. 
As the interest in digital currency grows, we are starting to see some really big names jump into the fray.

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Bank of England Is Looking for CBDC Development and Issuance Expert – BeInCrypto

The Bank of England (BoE) has published a job advertisement for a senior expert on central bank digital currencies (CBDC) to lead the bank’s thinking on the feasibility, design, and implementation of a CBDC.

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