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Stablecoins Are Crypto’s Version of Fractional Reserve Banking
6.1.2020
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...
Telegram Attacks SEC, Bitmain Chaos, BTC ‘Easily’ $50K: Hodler’s Digest, Dec. 30–Jan. 5
6.1.2020
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
Telegram Rejects SEC Request to Hand Over Bank Records for TON
5.1.2020
Telegram Group, the company behind the TON blockchain project, has reportedly refused to share information with the SEC showing how much it spent of the $1.7 billion raised from investors in the past couple of years and where. In a recent court filing, the securities regulator alleges that Telegram...
IMF Helping Philippines Become Important Crypto Market
4.1.2020
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...
HSBC Closes 2 Branches Following New Protests in Hong Kong
3.1.2020
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend...
Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency
3.1.2020
ECB research suggests it would continue discouraging saving money if it issued digital currency
MARKETS DAILY: Central Bank Digital Currencies and US Dollar Dominance in 2020
2.1.2020
With 2019 vanishing in the rear view mirror, Markets Daily is back for an insightful look into the trends that are already shaping this new decade
Is South Korea’s Central Bank Set to Make a Digital Fiat U-turn?
2.1.2020
South Korean media commentators are asking if the central Bank of Korea (BOK) has made a policy reverse on its stance towards central bank digital currency (CBDC) issuance.
Sisa Journal reports that the BOK appears to have changed its tune on CBDCs of late.
Last month, the BOK stated that it...
Former Barclays Exec to Launch UK’s First Regulated Crypto Bank in 2020
2.1.2020
Ziglu, from former Starling Bank exec, promises to be the next step in crypto banking integration
IMF Urges Philippines’ Central Bank to Collect Crypto Exchange Data
2.1.2020
The IMF has urged the Philippines’ central bank to begin collecting data on cross-border flows of crypto assets for its macroeconomic analysis
China Enacts Crypto Law in Run-Up to State Digital Currency Debut
1.1.2020
China adopts crypto law two months after official approval as digital currency plans continue to evolve
Central Bank Digital Currencies: 4 Questions and Answers
1.1.2020
Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund's (IMF) Monetary and Capital Markets Department. Tommaso Mancini-Griffoli is a Deputy Division Chief in the same Department.
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Central Bank Digital Currencies (CBDC) is a complex and multidisciplinary topic...
China Takes Another Step Away From USD Hegemony
1.1.2020
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...
Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019
1.1.2020
During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called...
In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy
31.12.2019
As the roaring '20s begin, the U.S. dollar looks as strong as ever. But signs of decline are on the horizon
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia
31.12.2019
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...
Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live
31.12.2019
Major Turkish bank Takasbank has launched its blockchain-based gold transfer platform
Central Bank Gold Hoarding Hits 50-Year High
30.12.2019
While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand...
South Korean Central Bank to Organize a CDBC Task Force
27.12.2019
South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology
Central Bank in Russia Started Testing Stablecoins in a Regulatory Sandbox
27.12.2019
In a recent development, the Bank of Russia has declared that it has started testing stablecoins in the regulatory sandbox. The Head of the Central Bank, Elvira Nabiullina, remarks that the financial regulator through the Sandbox is observing how stablecoins can function, regardless the bank...