Testnet for MimbleWimble, Litecoin's privacy-focused update, has been released. However, it was stated that this testnet did not receive the expected attention in the first place. The developers stated that only a few blocks could be mined and these numbers were not enough for the activation of the update.
Blockchain Deduction from HSBC
HSBC, one of the largest banks in the world, announced that they have implemented the world's first decentralized trade finance platform Contour. Contour is creating a global network for trade finance with distributed ledger technology, according to the statement.
CBDC Statement from Canada
The Central Bank of Canada (BoC) also made a statement regarding the CBDC, which has recently been brought to the agenda by the ECB. BoC stated that CBDCs can bring various security and storage risks.
UK Banned Cryptocurrency Derivatives
The UK financial regulator FCA has banned the sale of cryptocurrency derivatives to retail users. Stating that excessive volatility and derivative products are not suitable for retail consumers, the institution will put the ban into effect on January 6, 2021.
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