Month: February 2023

Zambia Testing Technology to Regulate Cryptocurrency — Government Minister – Bitcoin News

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The Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, cryptocurrency is a revolutionary technology that embodies a future his country desires to achieve. Achieving an Inclusive Digital Economy The Zambian central bank and the country’s Securities and Exchange Commission are in the process of “testing” technology to regulate cryptocurrencies, the country’s minister of Technology and Science, Felix Mutati, has said. In his remarks published on the ministry’s website, Mutati argued that Zambia…

Voyager creditors serve SBF a Subpoena to appear in court for a ‘remote deposition’

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Representatives for Voyager’s Unsecured Creditors have requested that former FTX CEO Sam Bankman-Fried, provide documents and appear in court remotely next week for a deposition. A court filing on Feb. 18 in the United States Bankruptcy Court for the Southern District of New York, stated that Bankman-Fried has been served a “Subpoena to Testify at a Deposition in a Bankruptcy Case.” It was served by the Official Committee for the Unsecured Creditors of Voyager Digital Holdings, a bankrupt crypto lending exchange, who stated that he must appear for the “remote…

Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects – Bitcoin News

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On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and Astar to Co-Host Web3 Incubation Program Sony Network Communications, a subsidiary of Japanese technology giant Sony Group, announced Friday that the company is exploring ways to address industry issues using blockchain and Web3 technology. A…

Bank of Japan Plans to Launch CBDC Pilot Program in April 

The bank plans to invite private companies to participate in a CBDC Forum, which it will set up.  As the CBDC effort intensifies across many countries, the Bank of Japan has launched a pilot program for its CBDC. The executive director for the central bank, Uchida Shinichi, talked about the development on the 17th of February. In an opening speech at the CBDC committee meeting, he explained the progressive processes concerning the matter. The pilot program in Japan for “digital yen” will begin after the completion of the Proof of…