Bank of America Joins R3’s Marco Polo Blockchain Global Trade Network

International investment bank Bank of America follows in the footsteps of Mastercard to join the Marco Polo blockchain network. Bank of America has joined R3’s Corda-powered Marco Polo Network “to tackle trade finance challenges.” “Tackle trade finance challenges” On Sept. 19, Marco Polo announced the multinational investment bank was joining its network to improve international trade […]

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Zuckerberg Dines With US Democrats Concerned Over Facebook’s Libra

Facebook Mark Zuckerberg is grilled with questions and concerns about its planned Libra stablecoin project by Democratic lawmakers during a private dinner. Facebook’s Mark Zuckerberg had dinner with a handful of United States lawmakers, where he was met with intense scrutiny of Facebook’s proposed Libra stablecoin project. Zuckerberg grilled by Democratic lawmakers According to an […]

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Binance to Launch Fiat-to-Crypto OTC for Chinese Yuan in October

Binance CMO announced plans to launch fiat-to-crypto over-the-counter desk for Chinese market, part of the exchange’s continuing expansion in China. Cryptocurrency giant Binance plans to roll out its over-the-counter (OTC) trading platform for Chinese yuan in October. Chinese market targets Yi He, Binance co-founder and chief marketing officer (CMO) announced the news at a media […]

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Libra Seen as Threat to National Currency Sovereignty, Pleads With G-7

Public authorities across the globe continue to press Libra, central banks argue that the stablecoin will threaten sovereignty. Public authorities across the globe continue to press the developers of Libra, Facebook’s proposed stablecoin-like digital asset.  On Sept. 16, Libra representatives met with the Committee on Payments and Market Infrastructure (CPMI), a part of the Bank […]

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Korea: Opposition Party Boasts Pro-Crypto Policy in Contrast to Gov’t

South Korea’s main opposition party, the Liberty Korea Party, is poised to unveil its pro-innovation policy for cryptocurrencies and crypto exchanges. South Korea’s main opposition party, the Liberty Korea Party (LKP), is poised to unveil its policy for cryptocurrencies and crypto exchanges. As Cointelegraph Korea reported on Sept. 19, the LKP’s stance appears to be […]

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As Libra Battles Critics, Zuckerberg Aims to Win Over US Policymakers

Facebook’s Mark Zuckerberg is in Washington for meetings with policymakers to discuss internet regulatory matters such as privacy, competition and its handling of political content. Facebook’s Mark Zuckerberg is in Washington for meetings with policymakers to discuss internet regulatory matters such as privacy, competition and its handling of political content. As noted in Bloomberg’s Sept. […]

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Central Banker: CBDCs a Flexible Tool for a Zero-Interest Rate World

Chile’s top central banker says the financial system could benefit from central bank digital currencies, particularly in “unconventional” monetary policies. Chile’s central bank governor, Mario Marcel, says central bank digital currencies (CBDC) can provide additional flexibility in a time of “unconventional monetary policies.”  Marcel made the comments in a speech titled “High-level Policy Panel Discussion […]

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Reuters: Facebook Met British Authorities Prior to Libra’s Official Announcement

Facebook reportedly met British authorities and regulatory officials three times prior to publicly announcing the Libra stablecoin project. Facebook reportedly met British authorities and regulatory officials three times prior to publicly announcing plans for the Libra stablecoin project. As Reuters reported on Sept. 18, this spring Facebook had several appointments with officials at Britain’s finance […]

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German Gov’t Approves New Plan to Block Private ‘Parallel Currencies’

Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty. Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty. Reuters reported on Sept. 18 that Chancellor Angela Merkel’s cabinet passed the strategy earlier today, […]

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