Bitrue Bulletin | 12.2.2023–19.2.2023 | | by Bitrue | Feb, 2023

| 12.2.2023–19.2.2023 |

Bank of Japan to launch CBDC pilot before May 2023 — The Bank of Japan (BOJ) is planning to launch the pilot program for its central bank digital currency (CBDC) in April 2023. This is part of the BOJ’s efforts to keep up with other major central banks in exploring the potential benefits and risks of CBDCs. The BOJ is also conducted several proof-of-concept tests for its CBDC, which began in 2021.

Circle dismisses rumors of SEC enforcement action — Circle, a US-based digital currency financial services firm, has denied rumors of an imminent enforcement action by the US Securities and Exchange Commission (SEC). The rumors, circulating on social media, led to the price of the USDC stablecoin dropping below its peg to the US dollar. Circle has assured its customers that its stablecoin remains fully backed and is committed to complying with regulatory requirements.

SEC to target crypto firms operating as qualified custodians — The SEC is reportedly planning to propose rule changes that could restrict the services crypto firms can provide their clients. These changes could impact the ability of crypto firms to hold digital assets as qualified custodians. The proposal will be reviewed by a five-member SEC panel, with a majority vote required for the proposal to proceed to the next stage.

The pioneering batch of futures traders is wanted at Bitrue for our Copy Trading launch. There isn’t a better time than now to for traders to flex their trading expertise. Be the FIRST Copy Trader today! SIGN UP NOW!

Bitrue is pleased to announce that we have upgraded the Bitrue Rewards Center. With this upgrade, new Bitrue users can earn Newcomer Benefits by completing tasks such as deposits and trading. Users already registered on Bitrue can participate in our advanced tasks to enjoy trading on Bitrue while earning rewards! Learn more.

To celebrate the listing of BLUR on Bitrue, Bitrue launched an Exclusive Deposit Contest for BLUR! Users can deposit BLUR to win 50,000 USDT in prizes! The contest started on Feb 13th and will conclude on Feb 28th. Learn more.

Bitrue World Futures Trading Competition 2023 will be happening soon! Winners stand the chance to share up to 1,000,000 USDT in Prizes. The first season of the competition will happen between 1st March 2023 to 1st April 2023. Learn more.

Bitrue’s Chief Strategy Officer, Robert Quartly-Janeiro, sat down with the Director of Engineering of Cardano Foundation, Dr. Sebastian Bode, for an “Ask Me Anything” session on Twitter Space. Listen to their conversation here.

Tune into our conversation with Alexander Panasenko, Director of Product Management at COTI Network, here. The conversation focuses on DJED, an algorithmic stablecoin protocol that behaves like an autonomous bank that buys and sells stablecoins for a price in a range that is pegged to a target price, which was developed by COTI in collaboration with Cardano’s lead developer, IOHK.