The New York Department of Financial Services is requesting comments on its amendment to the BitLicense that would help smaller companies be regulated. The New York State Department of Financial Services, or NY DFS, is proposing a “Conditional BitLicense” framework to reform its controversial BitLicense regulation introduced in 2015. In a request for comment released […]
Continue Reading
Takeshi Fujimaki, a former adviser to George Soros, said it was “not a surprise” to hear Paul Tudor Jones’ bitcoin revelation. When macro investor Paul Tudor Jones, or PTJ, confirmed he was investing in Bitcoin, it sparked an uptick for the whole crypto market. Many crypto traders welcomed his surprise move, noting it was a […]
Continue Reading
As the monetary impacts of the coronavirus drive discussions surrounding central bank digital currencies, a U.K. blockchain firm has proposed a CDBD system to the Bank of England. United Kingdom-based blockchain firm L3COS has submitted a proposal to the Bank of England, or BoE, for a blockchain-based operating system to power a central bank-issued digital […]
Continue Reading
The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency. The Bank of Ghana (BoG) remains committed to piloting a central bank digital currency (CBDC), the bank’s first deputy governor has said. Dr. Maxwell Opoku-Afari made the comment during a virtual stakeholder workshop on payment systems […]
Continue Reading
Though former Bakkt CEO Kelly Loeffler’s Georgia Senate seat faces no risk in the June 9 primary, everything is up for grabs in November. Republican Senator and former Bakkt CEO Kelly Loeffler may find herself up against a better-organized and more supported Democratic candidate in November’s special election. Early returns are still coming in from […]
Continue Reading
A Chinese commercial bank issued China’s first asset-backed commercial paper worth $16.93 billion on a blockchain. China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the National Association of Financial Market Institutional Investors’s (NAFMII) pilot project for ABCPs. An […]
Continue Reading
The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency. The global monetary system has been centered around the United States dollar since at least the end of World War II when the 1944 Bretton Woods Agreement formalized the greenback’s ascent […]
Continue Reading
Twitter’s recent fact-checking efforts have caused a stir in the crypto space. Ethereum creator, Vitalik Buterin, and Gemini exchange founders, Cameron and Tyler Winklevoss, expressed their opinions on recent efforts at social media censorship. “I’ve talked before about the rise of corporations regulating governments but here we have Twitter soft-censoring the U.S. president on the […]
Continue Reading
The Central Bank of Russia is intending to use a local, FSB-approved blockchain for its upcoming e-mortgage project. The Central Bank of Russia is reportedly developing a digital mortgage platform powered by a domestically developed blockchain called Masterchain, local state-owned news agency Ria reported on May 28. According to Olga Skorobogatova, first deputy governor at […]
Continue Reading
People’s Bank of China clarified that there is still “no timetable” on a formal digital yuan launch, despite the ongoing pilot project. People’s Bank of China (PBoC) clarified that there is still “no timetable” on a formal digital yuan launch. In an interview published earlier today on the central bank’s website, PBoC Governor Yi Gang […]
Continue Reading