The weekend is also the time for new news from the crypto world. The news is interesting and takes us to think.
Crypto-yuan
The Chinese government is gradually introducing the digital yuan, and the last round of testing took place in the bustling city of Shenzhen. It is also interesting that this transition to digital currency is taking place at a time when blockchain technologies are slowing down in China.China has not given up on blockchain, and even a decline in the growth of this industry is not enough to bring them close to the level of development and investment in the rest of the world. But the nation from which the coronavirus originated welcomed this year’s devastated economy, so a slowdown was expected.
At the end of last year, there were about 1,400 companies dedicated to blockchain technologies, but significant investments, of which there were 750 last year, this year number just over a hundred cases. The value of this industry is still high, around 770 million dollars (data from last year). Shenzhen, Shanghai and Beijing, as the central places of technological development, are the main base of these companies. In that sense, the report of Bloomberg is interesting, which reports that the Chinese are not satisfied with the digital yuan. Statements of concerned users, the fact that the application for digital yuan payments is very similar to Alipay, and the expression of fear that the digital yuan will not be able to be used in transactions with foreign countries are stated.
Mark Zuckerberg, the owner of the company Facebook, stirred up the internet public by publishing photos of his new pet, a goat, which he named Bitcoin.For now, no one is clear about this move, whether Zak wanted to break the media dominance of Ilona Mask and Marko Kuban, only a picture of two goats Max and Bitcoin appeared on his Facebook page. Some have tried to "solve" this "puzzle" by composing the following message (from a picture of two bright goat creatures): "Bitcoin Max (imalists) are GOAT (the greatest kings of all time)".https://mashable.com/article/mark-zuckerberg-goat-bitcoin-max/ More news here!
Cuba and Poland are considering plans for a digital currency
Poland is a very strange country. Although many Poles emigrated to the west with the opening of the borders (they rushed mainly to Britain), and despite the European recession, this country is recording economic growth again and again. On the other hand, we are not used to high-tech news coming from Cuba, a country on whose streets old-timer cars from the second half of the last century still glide. However, both countries are seriously considering the introduction of the digital national currency (CBDC).
"If we do not introduce digital zloty as a currency, then we will be forced to use the digital yuan or the digital dollar," said Marek Ditl, director of the state stock exchange. The representative of the Central Bank of Poland, Marta Gajencka, said that they are not working on that project at the moment, but that they are closely monitoring the development of the situation and following the moves of the Swedish Central Bank, Sveriges Riksbank. Namely, the Swedes place great emphasis on safety and ease of use, and the electronic crown project is currently gathering political will and consent to set regulations as a first step.
Cuba views the development of the digital currency as an attempt to refresh the economy. Last month, the Congress of the Communist Party of Cuba made a proposal to investigate how and whether the national cryptocurrency could help in their difficult economic situation. Moreover, the idea received the support of President Diaz-Canel, who will address the "facilities and benefits of using cryptocurrencies as an integral part of the internal finance system" in a televised address to the people.
Images downloaded from google, source crypto friday
