IMF Representative of Nigeria Calls for Cautions Use of Cryptocurrencies

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

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.