Future Money Conference, 2016

Future Money Conference (India), 2016

On 23 May 2016 we organized the Future Money Conference (India). Sponsored by IBM and Contact Singapore, this was India’s first conference on Virtual Currencies, Blockchain and Fin-Tech.

Delegates were from 50+ banks, financial services companies, depositories, venture capitalists, Government & military agencies, insurance companies, IT companies, public sector companies and academic institutions.

Speakers / panelists were from Govt. of Maharashtra, Govt. of Karnataka, Securities and Exchange Board of India, National Payment Corporation of India, IBM Singapore and Asian School of Cyber Laws.

Photos from Future Money Conference (India), 2016

China's coming digital currency is likely to be a crypto currency

China's coming digital currency is likely to be a crypto currency

In January, the People's Bank of China (PBOC) announced that it is planning to launch a digital currency and that development is already well underway as it has been working with a group of experts on the project for the past two years.

China is expected to launch a digital currency, which is likely to be a crypto currency based on blockchain technology.

The new Chinese crypto-currency would be issued by the People's Bank of China (PBOC), which will use its control over the currency to reduce money laundering, tax evasion and other criminal acts.

Other countries that are developing their own crypto currencies include Philippines, Mexico and Russia. Thailand is working on its plans for a cashless society.

Did you know?

  • Nearly 75% of the Bitcoin that is traded globally is through the Chinese exchange, Bitcoin China (BTCC).
  • Most of the hardware used to mine Bitcoin is produced in China.
  • Chinese miners are thought to account for 30% to 60% of the total mining of Bitcoin.

Source: http://www.straitstimes.com/asia/se-asia/the-coming-e-yuan-the-nation-columnist