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G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...
‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus
18.2.2020
For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number...
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response
16.2.2020
The U.S. Office of the Director of National Intelligence has admitted that cryptocurrency could undermine the U.S. dollar as the world’s reserve currency. The head of the U.S. Intelligence Community is seeking researchers to detail the impact of that status loss on the U.S., its economy,...
Mainstream Moments and the CompuServe of Crypto, Feat. Andreas M. Antonopoulos
16.2.2020
With the price of bitcoin headed up again, the idea of blockchains and digital currencies has never been more palatable to the mainstream. We've seen this cycle before, but could this time be different?
The Top Narratives Driving Crypto Market Growth, feat. Travis Kling
14.2.2020
The halving? Coronavirus and volatility? Fed action? Listeners vote on what's driving crypto growth
Crypto News Roundup for Feb. 13, 2020
13.2.2020
With bitcoin bouncing off $10,500, Markets Daily is back with another time-saving crypto update
Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal Reserve President
13.2.2020
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a giant garbage dumpster.” He would rather his one-year-old daughter have a low yielding Treasury bond than a bitcoin, emphasizing that...
Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might
13.2.2020
Fed Chairman Powell has given financial privacy advocates a glimmer of hope – and hinted at how the U.S. might competitively position a digitized dollar
Conservative U.S. Think Tank Denies Need for Federal Digital Currency
12.2.2020
The government should ensure consumers can use the preferred currency instead of launching a digital currency, according to U.S. think tank the Heritage Foundation
Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
12.2.2020
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is...
Bitcoin Hits 5-Month High Following Fed Chair Powell’s Privacy Praise
12.2.2020
Bitcoin’s price is trending solidly back above the 5-digit figure mark
Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research
9.2.2020
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...
The Federal Reserve Has Its ‘Come to Satoshi’ Moment
6.2.2020
Shifting a stance of mostly ignoring CBDCs, a Federal Reserve governor says the Fed is now actively studying the possibility of a US digital currency
Fed Reserve Is Researching DLT-Based Digital Dollar, Says Governor
6.2.2020
Lael Brainard said in a speech that the Fed is looking at digital ledger use cases including for a possible central bank digital currency
US Fed Is Exploring Potential for Digital Currency, Says Board Member
6.2.2020
Fed board member Lael Brainard says the institution must remain on the frontier of central bank digital currency research and policy development
Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency
31.1.2020
While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function...
Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban
30.1.2020
Zebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including...
India Unveils National Blockchain Strategy, Calling on RBI to Issue Digital Currency
29.1.2020
India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting...
Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee
28.1.2020
A draft of an Indian national blockchain strategy suggests the development of a digital rupee on a permission public blockchain