Key Players in Crypto and Blockchain Share Their New Year’s Wish for 2020
Leaders in the blockchain and cryptocurrency space share their New Year’s wish for the industry Go to Source Powered by WPeMatico
CBDC
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The Financial System of the Future — Who Benefits From CBDCs?
Following a “successful” introduction of a digital currency, other existing payment instruments may disappear if their use falls below a critical threshold Go to Source Powered by WPeMatico
China Takes Another Step Away From USD Hegemony
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation … Read more
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized financial governance, Uzbekistan’s crypto ban, and four countries’ central bank digital currency updates. Also read: … Read more
South Korea Forms Task Force for Central Bank Digital Currency Research
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020 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
China Issuing Bonds on Blockchain Is a Sign of What’s to Come
No country has a stiffer policy on blockchain than China, so the country’s latest issuance of bonds on its decentralized system raises eyebrows Go to Source Powered by WPeMatico
PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. Reactions to the announcement are varied, … Read more
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
Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank Nordlb finds itself now depending on another capital injection. None … Read more
