British Virgin Islands Announce US Dollar-Backed Digital Currency
The British Virgin Islands announced that crypto firm LifeLabs is developing a U.S. dollar-backed stablecoin for the territory Go to Source Powered by WPeMatico
CBDC
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US Fed Weighs Up Potential CBDC as Countermove Against China
Fed Chairman Jay Powell puts the agency’s economic theories on display in a recent letter to U.S. representatives asking: “What about a USD stablecoin?” Go to Source Powered by WPeMatico
Exclusive: ‘Nothing Is Above Bitcoin, No CBDC, No Stablecoins,’ Says Blockstream CEO Adam Back
Just wait until you hear what he has to say about Libra Go to Source Powered by WPeMatico
Tunisia Denies CBDC Reports: Here Is How the False News Spread
The Tunisian CBDC situation has been a mess. It started with fake reports run by Russian media, possibly caused by a Russian startup exaggerating its partnership with the Tunisian government Go to Source Powered by WPeMatico
Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?
With major tech firms shifting their focus to finance, what does this mean for the future of crypto and the wider financial system? Go to Source Powered by WPeMatico
Ex-Fed Chair Greenspan: ‘No Point’ in Central Bank Digital Currencies
Former Fed chair Alan Greenspan has argued there’s “no point” for central banks to issue central bank digital currencies Go to Source Powered by WPeMatico
HCM Capital Expects China’s Digital Currency to Launch in 2-3 Months
China’s digital currency could launch in 2-3 months, according to HCM Capital’s Jack Lee Go to Source Powered by WPeMatico
Ethereum Co-Founder: Hopefully We Can Interoperate With China’s Crypto
Ethereum co-founder Joseph Lubin hopes that China’s digital currency will be open and allow for interoperability with crypto Go to Source Powered by WPeMatico
Crypto News From Turkey: Nov. 2-Nov. 9
Turkish fraudsters rake in 600 BTC as the country’s president orders completion of digital lira tests by 2021 in this week’s crypto new from Turkey Go to Source Powered by WPeMatico
Hong Kong Steps Up Research Into Central Bank Digital Currency
The Hong Kong Monetary Authority is researching applications for a central bank digital currency and aims to publish results Q1 2020 Go to Source Powered by WPeMatico
