New Canadian Dollar-Pegged Stablecoin QCAD to be Regulated by FinTRAC
Canada Stablecorp’s new CAD-pegged stablecoin QCAD will start being regulated by major local AML authority, the FinTRAC, by June 2020 Go to Source Powered by WPeMatico
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Central Bank Digital Currencies Are Good for Bitcoin, Barry Silbert Says
Bitcoin would benefit from global central banks issuing their own digital currencies, founder of Grayscale Investments said Go to Source Powered by WPeMatico
North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies
According to a new report, North Korean internet usage is up as state actors use it as a means for raising revenues and skirting sanctions Go to Source Powered by WPeMatico
Trump’s New Budget Would Have Secret Service Investigate Crypto Crimes
President Trumps’ new budget for 2021 claims a consolidated Treasury and Secret Service will be more efficient in tackling cryptocurrency-enabled crime Go to Source Powered by WPeMatico
Italy’s Securities Regulator Shuts Down 8 Crypto Trading and Foreign Exchange Sites
8 websites relating to FX and cryptocurrency are being shut down in Italy by Consob, the country’s securities regulator Go to Source Powered by WPeMatico
Crypto Mining Does Not Require Governmental Oversight, Ukrainian Regulator Says
The Ministry of Digital Transformation of Ukraine has said that crypto mining does not require regulation by state authorities Go to Source Powered by WPeMatico
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
A senior Japanese lawmaker said that the country should release its digital yen in two to three years Go to Source Powered by WPeMatico
Wendy McElroy: Crypto is Banking for Anarchists and Average People
“What I love about Bitcoin is that instead of some rich old guy on Wall Street, young poor people are the ones getting rich” —Eric Finman No Longer Is Economic Sovereignty Just for Politicians and Bankers “Cryptocurrency is for the rich”; this pernicious myth causes people to resent crypto and be suspicious of it. An … Read more
Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018 when Brainard maintained “there is no compelling demonstrated need for a … Read more
SEC’s Cryptomom Proposes Safe Harbor Framework for Token Projects
U.S. SEC Commissioner Hester Peirce proposes to grant decentralized token projects a three-year grace period Go to Source Powered by WPeMatico