China News Today TheBitTimes.com

The U.K. introduced regulation that enables the Financial Conduct Authority and the Bank of England to oversee a digital securities sandbox for testing tokenized securities and distributed ledger technology. Effective Jan. 8, this initiative allows the Financial Conduct Authority (FCA) and the Bank of England to oversee a controlled testing environment for tokenized securities. The sandbox concept permits companies to experiment with innovative financial solutions under regulatory supervision. The digital securities sandbox (DSS) focus extends beyond tokenized securities, encompassing the exploration of distributed ledger technology to digitize traditional securities. With global financial institutions increasingly embracing asset tokenization, U.K. regulators are taking proactive measures to comprehend and regulate this evolving landscape. Firms participating in the DSS will be subject to tailored regulations if existing ones impede progress, as outlined in the accompanying ...

A group of IBM specialists has prepared some ideas regarding implementing the digital euro that the European Commission could consider. The tech consulting company highlighted five topics that could help design the digital currency. The five areas where the company focused on the draft were : Build on existing rails and provide enhancements for the digital euro. Extend PSD2(3) with a standard digital euro API for incumbents, FinTechs, and TPPs. Allow strong privacy for low-value proximity payments, independent of technical connectivity. Include a centrally governed distributed ledger as an enabler for digital processes, virtual worlds, and tokenized economies. Build the digital euro system by starting with a minimum viable digital euro within a sandbox. You might also like: Digital euro proposal from European Commission seeks universal approval The digital euro development The concept of a digital euro has been gaining traction in recent years as central banks wor...

The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities. Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is designed specifically for the digital yuan, also known as the e-CNY, which is China's central bank digital currency (CBDC) currently being tested. This announcement was made by the bank on Monday in a social media post, revealing their partnership with telecommunication operators China Telecom and China Unicom and their intention to commence testing on Tuesday. The bank plans to enable users to make phone payment s by integrating its e-CNY app with specialized "super SIM cards " that have near-field communication capabilities. Users simply need to bring their mobile phones near the point of sale terminals for payment , el...

Loved the Cointelegraph 2023 Top 100? Readers can grab the profiles as NFTs. Beginning March 20, folks across the crypto industry will be able to mint nonfungible tokens (NFTs) out of Cointelegraph’s 2023 Top 100. Cointelegraph unveiled its 2023 Top 100 list of the most impactful heroes and villains in the crypto and blockchain space in February. It was published in batches throughout the month, counting down to the top-ranked profile, with each entry including a bio and an animated picture. Check out Cointelegraph's 2023 Top 100 and collect the profiles Over a seven-day period starting March 20, the profiles of everyone on Cointelegraph’s 2023 Top 100 will be mintable as limited-edition NFTs. Only 100 NFTs can be minted from each profile, and minting is only available during the seven-day window. After that, interested buyers will have to look to secondary marketplaces if they want to pick one up. Purchasable via bank cards or Polygon’s MATIC (MATIC), each unique profile’s NFT s...