Tag: Technology

RELIABLE SOURCE: 60% of central banks already work on their own digital currencies

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After the majority of central banks rejected the concept of cryptocurrencies for various reasons, from security issues to implications in the monetary system, now many of these institutes are very interested in creating their own digital currency. Specifically, 60% of the world’s largest central banks are conducting experiments or proofs of concept to make a digital currency , according to a study by the Bank for International Settlements (BIS). SOURCE: Alto Nivel

IMF Representative of Nigeria Calls for Cautions Use of Cryptocurrencies

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The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that cryptocurrencies were being used “for illegal transactions such as money laundering and drug trafficking.”

Semiconductor industry to be built in China by newly formed community consisting of 90 Chinese companies including Huawei, HiSilicon and Xiaomi

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According to the Ministry of Industry and Information Technology in China, 90 companies have submitted the application for the formation of the National Integrated Circuit Standardization Technical Committee. The secretariat is planned to be established in the China Electronics Standardization Institute.

INFORMATIVE: 4 Critical Settings to change before you use Signal Or Telegram as an alternative to whatsApp

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Telegram and Signal continue to surge following WhatsApp’s privacy backlash—tens of millions of you are now using these messengers for the first time. But, just like WhatsApp, Telegram and Signal have critical settings you must change before you start using the apps. Here’s what you need to do now.

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

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The Bank of International Settlements (BIS) Innovation Hub listed its priorities and programs for 2021 Friday, among which will be a new platform for testing wholesale central bank digital currencies (CBDCs).