In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
South Korea's financial regulator will create a new legislative body that will focus on developing the Korean fintech industry, with a particular focus on cryptocurrencies and blockchain technology. According to the Korea Times, the Financial Services Commission (FSC) intends to create a new legislative body, called the Financial Innovation Bureau, which will actively participate in the development of the fintech industry.
Large insurance corporations offer crypto insurance, adapt insurance products to protect digital investments, but do not want to disclose business details.
On July 17, the American financial institution Wells Fargo filed a patent application for “systems and methods for managing tokenization on the blockchain.” In other words, this system will allow you to create a tokenized analogue of any value. For example, instead of creating a bank account, you can create a token.
The US Securities and Exchange Commission (SEC) has denied Coinbase's claim that it has received formal approval to acquire the brokerage.
Today’s decline to support levels may complete the protracted correction and altcoin prices will resume growth
In May, it was announced that London's Shacklewell Lane Mosque would be accepting donations to its cryptocurrency wallet. On July 13, temple workers reported that they had already raised £13,983 in cryptocurrency during Ramadan, with just £3,460 donated in cash.
President Donald Trump's former adviser Stephen Kevin Bannon claims he owns enough bitcoin and has stressed that he is developing his own cryptocurrency.
All major altcoins had a fairly deep correction level and are still continuing to decline. Only Bitcoin has limited itself to a narrowing consolidation, from which growth is possible
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