People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan
The People’s Bank of China says it is making smooth progress with the development of its forthcoming digital currency Go to Source Powered by WPeMatico
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Stablecoins Are Crypto’s Version of Fractional Reserve Banking
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, … Read more
Telegram Attacks SEC, Bitmain Chaos, BTC ‘Easily’ $50K: Hodler’s Digest, Dec. 30–Jan. 5
In this first 2020 week’s Hodler’s Digest, why the European Central Bank wants its digital currency to have “unattractive interest rates,” and why millennials should thank Boomers Go to Source Powered by WPeMatico
IMF Helping Philippines Become Important Crypto Market
The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The IMF believes the country may become an important crypto market and has provided the Bangko Sentral ng Pilipinas with suggestions for the country’s crypto regulation, including quarterly data collection from approved crypto exchanges. Also read: Regs Roundup – China … Read more
IMF Urges Philippines’ Central Bank to Collect Crypto Exchange Data
The IMF has urged the Philippines’ central bank to begin collecting data on cross-border flows of crypto assets for its macroeconomic analysis Go to Source Powered by WPeMatico
China Enacts Crypto Law in Run-Up to State Digital Currency Debut
China adopts crypto law two months after official approval as digital currency plans continue to evolve Go to Source Powered by WPeMatico
Bahamas Central Bank Will Pilot Digital Currency Starting December 27
The Bahamas is planning to pilot a digital version of the Bahamian dollar in the Exuma district starting December 27 Go to Source Powered by WPeMatico
Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins
Russia’s central bank starts testing stablecoins and doesn’t assume that they will act as a payment method and become a substitute of money Go to Source Powered by WPeMatico
European Central Bank’s CBDC Borrows Bitcoin’s Pseudo-Anonymity
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’ ECB Report Explores Anonymity in Central Bank … Read more
US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity
A Federal Reserve official supported a study claiming that 25% of Bitcoin users and 50% of transactions are in some way illegal Go to Source Powered by WPeMatico