ANALYSIS

China Prepares for CBDC With Cryptography Law on Encryption Standards

[ad_1] On Jan. 1, China’s law governing cryptographic password management came into power. Essentially, the act aims to set standards for the application of cryptography and the management of passwords, and, therefore, ultimately reduces China’s cyber vulnerabilities on a nationwide scale. Some local media outlets rumor that the law is paving the way for the long-awaited release of China’s central bank digital currency, although it does not make any explicit references
Bitcoin News

Bitcoin Suisse wants the banking license this year

[ad_1] Advertisment With Bitcoin Suisse, Seba Crypto, Sygnum and the Crypto Finance Group, four financial companies specializing in cryptocurrencies and services are fighting for dominance in this still small market.Seba Crypto and Sygnum started as a newcomer last autumn with a banking license. The Crypto Finance Group is seeking the securities dealer license, and Bitcoin Suisse submitted a banking license application to the Swiss Financial Market Supervisory Authority (Finma) last