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

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

Point Roberts, WA, Delta BC – May 4, 2018 -  Investorideas.com, a leader in crypto and blockchain investing news reports on what’s driving the cryptocurrency markets with today’s edition of Crypto Corner.

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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