Tangem Launches Physical #Bitcoin Banknotes in Singapore, South Korea Considers Central Bank Digital Currency and Portugal Eyes Regulation


Crypto Corner - May 4, 2018

By Samuel Mowers at Investorideas.com

Tangem Launches Physical #Bitcoin Banknotes in Singapore, South Korea Considers Central Bank Digital Currency and Portugal Eyes Regulation

Tangem, a "smart banknote platform", has launched physical bitcoin banknotes at the Megafash Suntec City store in Singapore. "Tangem Notes" are available in 0.01 BTC and 0.05 BTC denominations, or $97 USD and $483 USD respectively. According to a press release:

"...Tangem Notes radically improve the simplicity and security of acquiring, owning, and circulating cryptocurrencies for both sophisticated and incoming users.

Based on a recently developed S3D350A chip from Samsung Semiconductor, Tangem Note is the first hardware storage solution on the market with its entire electronics and cryptography certified to the Common Criteria EAL6+ and EMVCo security standards."

The Korea Times reports that the Bank of Korea (BOK), South Korea's central bank, is considering the possibility of creating a central bank digital currency (CBDC).

""A taskforce has been studying the possibility of issuing a CBDC and how digital currencies will influence the country's overall financial sector since January. We will announce updates on this issue by the end of June," the bank said in a statement Wednesday."

The Portuguese Parliament is discussing regulation of the cryptocurrency market this week according to local outlet Jornal de Negócios. The piece outlines the government's aims in creating a legal framework to facilitate growth in the sector while protecting consumer (roughly translated):

""The regulation of certain aspects, which until now has not been regulated, will allow the expansion of new types of payment services, contributing to a legal framework that allows to accommodate innovation, to the benefit of consumers, and to promote competition," argues the Government, adding that the new law "will also allow to enshrine a set of rules aimed at ensuring the security and transparency associated with the provision of electronic money payment and issuance services.""

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