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🚀 Surprise! China Central Banker says "Digital Money is ready" 🇨🇳
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🚀 Surprise! China Central Banker says "Digital Money is ready" 🇨🇳
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| | 🤔 Binance US is Considering 30 Coins for Listing
Binance's US subsdiary has announced it is examining 30 crypto assets to launch on the platform, including BTC, ETH, BNB, XRP, USDT among others.
This announcement comes along with the firm's adoption of a Digital Asset Risk Assessment Framework to meet compliance requirements in the US.
Binance still has not set out a formal timetable for the launch of its U.S. subsidiary.
| | 🏛️ China's Digital Currency Is Ready, Central Bank Says
The People's Bank of China (PBoC) has claimed that its digital currency "can now be said to be ready." after five years of research.
The digital currency will adopt a "two-tier operating system" to cater to the nation's "complex economy with a vast territory and a large population,"
According to the PBoC executive, the digital currency is designed to be suitable for "small-scale retail high-frequency business scenarios."
| | 💵 New Zealand To Legalize And Tax Bitcoin Salary Payments
The Inland Revenue Department of New Zealand has issued a Ruling to allow employers to pay employees in cryptocurrency, and be taxed accordingly.
However, the ruling noted that the cryptocurrency must meet the following criteria: - The cryptocurrency are not subject to a "lock-up" period.
- can be converted directly into a fiat currency (on an exchange)
The ruling also noted that the cryptocurrency must either has: - a) a significant purpose to function like a currency, or
- b) it's value pegged to one or more fiat currencies.
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