NewsReviews: Week of Feb 10th, 2020

What are the latest, greatest developments in digital assets and blockchain? Apifiny’s experts highlight the week’s top headlines.

TheBlockCrypto: Japan should create its digital currency within 2–3 years, says a senior lawmaker

• A member of Japan’s Liberal Democratic Party said in the next 2 to 3 years the country should create its own digital yen.
• This is not the first time this has been proposed. A month Aho Akira Amari said they are working on a proposal to issue a digital currency.
• The Bank of Japan has partnered with other country’s central banks to research the implementation of digital currencies. “If each country manages to control flows of money with their own (digital) currencies, that could prevent a big swing at a time of crisis and stabilize their own economy,” Yamamoto said today.

Decrypt: Trump wants the Secret Service to tackle the Bitcoin problem

• In the 2021 budget details, Trump plans to return the secret service to aid the treasury in eradicating the use of crypto for financing terrorists and other financial crimes.
• In the report it says,” Technological advancements in recent decades, such as cryptocurrencies and the increasing interconnectedness of the international financial marketplace, have resulted in more complex criminal organizations and revealed stronger links between financial and electronic crimes and the financing of terrorists and rogue state actors.”
• This new proposal brings the service back to its roots. When the service was first created, it was established in the treasury in 1865 with the purpose of preventing the widespread counterfeiting of the US currency.

Wink: Crypto Community loses its 2020 presidential candidate Andrew Yang

• The crypto and blockchain community has lost a major ally this week. Andrew Yang has suspended his campaign for president due to getting less than 1% of the votes during the Iowa caucus.
• If Yang won the 2020 presidential election, he promised he would implement blockchain-based voting in the future. He also planned how he would regulate the cryptocurrency industry, specifically focusing on clearer rules in the space.
• Although the #YangGang is no more, the growth of blockchain and crypto does not seem to be slowing down.

CoinTelegraph: FC Barcelona Dives Into Crypto, Partnering With Chiliz to Create Token

• FC Barcelona partnered with fintech platform Chiliz to create Barca Fan Tokens (BAR) to be used on its mobile social app called Socios.
• As fans use Socios, they can earn tokens which can be spent on products and events. The BAR tokens will be priced against Chiliz’ own native token.
• Socios wants to implement more “casual trading”, but Chiliz.net, a cryptocurrency exchange focused primarily on sports and entertainment tokens, offers a more trader-centric atmosphere.

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