China’s digital currency extend out continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core work is complete. Whatever stage of development the currency is actually in, it’s clear that China wants the world to see it as ahead of the curve in the digital currency family.
In other parts of the world, crypto companies face a never-ending game of regulatory arbitrage. Deribit is moving from the Netherlands to Panama, citing a new trouble from AMLD5 compliance. In the U.S., New York wants to give its crypto regulators (even) more teeth while Illinois sanctions the legality of blockchain-based contracts.
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