DFC

5281 bookmarks
Newest
Is Libra really the world’s most ambitious international settlement system?
Is Libra really the world’s most ambitious international settlement system?
"It’s an extract from one of his books written in 1930 about the origins of The Bank for International Settlements, the so-called central bankers’ bank set up in the same year to manage reparations payments in the aftermath of World War One. You know what they say about what’s under the sun..."
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·ftalphaville.ft.com·
Is Libra really the world’s most ambitious international settlement system?
Tommaso Mancini-Griffoli from IMF Pitches Synthetic Central Bank Digital Currency
Tommaso Mancini-Griffoli from IMF Pitches Synthetic Central Bank Digital Currency
"In a presentation entitled “The Future of Money: The Impact of Digitization" Tommaso Mancini-Griffoli, Deputy Division Chief in the Monetary and Capital Markets Department from the IMF pitched the concept of a “synthetic CBDC” (Central Bank Digital Currency)."
#Fintech#CryptoAssets#CBDC#Stablecoins#DFC
·crowdfundinsider.com·
Tommaso Mancini-Griffoli from IMF Pitches Synthetic Central Bank Digital Currency
What Mark Zuckerberg’s Cryptocurrency Testimony Shows About Facebook’s Libra Strategy
What Mark Zuckerberg’s Cryptocurrency Testimony Shows About Facebook’s Libra Strategy
"Libra will be backed mostly by dollars and I believe it will extend America’s financial leadership... As well as our democratic values and oversight around the world. If America doesn’t innovate, our financial leadership is not guaranteed."
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·forbes.com·
What Mark Zuckerberg’s Cryptocurrency Testimony Shows About Facebook’s Libra Strategy
Facebook Warns Washington That Beijing Wins If Libra Plan Fails
Facebook Warns Washington That Beijing Wins If Libra Plan Fails
"The future in five years, if we don’t have a good answer, is basically China re-wiring” a large part of the world “with a digital renminbi running on their controlled blockchain,” Marcus said. He warned about the prospect of “having a whole part of the world completely blocked from U.S. sanctions and protected from U.S. sanctions and having a new digital reserve currency” with no alternative.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·bloomberg.com·
Facebook Warns Washington That Beijing Wins If Libra Plan Fails
Bitfinex Market Share is Declining
Bitfinex Market Share is Declining
Bitfinex, the controversial Hong Kong based exchange at the heart of ongoing investigations against Tether, has been one of the biggest cryptocurrency exchanges in the world since its launch in 2012. But recently there are signs that its market share may finally be slipping.
#Fintech#CryptoAssets#Stablecoins#Tether#Bitfinex#DFC
·coinmetrics.substack.com·
Bitfinex Market Share is Declining
Outcomes of October 16-18, 2019 FATF Plenary
Outcomes of October 16-18, 2019 FATF Plenary
The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements swiftly,” the FATF emphasized.
#Fintech#CryptoAssets#Stablecoins#AMLCFT#DFC
·fatf-gafi.org·
Outcomes of October 16-18, 2019 FATF Plenary
Life after Libra: how regulators could fuel rise of digital currency
Life after Libra: how regulators could fuel rise of digital currency
This could logically mean a new enhanced role for the BIS, which coincidentally relies on a primitive kind of “stablecoin”: the BIS’s vast reserves, accounting for close to 7 per cent of the world’s total currency, are held via a BIS unit of account denominated in IMF special drawing rights, which in turn are pegged to a basket of convertible currencies. It would be a small step to ensure there is life after Libra, albeit with central banks in charge.
#Fintech#CryptoAssets#CBDC#Stablecoins#Facebook#SDR#Libra#DFC
·ft.com·
Life after Libra: how regulators could fuel rise of digital currency
Nigeria’s Tax Cash Is a Bad Idea
Nigeria’s Tax Cash Is a Bad Idea
Last month, the Nigerian monetary authorities announced that they will be rolling out a national tax on cash. When Nigerian individuals or businesses deposit large amounts of cash at a bank, they will have to pay up to 3% in fees. And when they withdraw cash they will have to pay as much as 5% in fees. Nigeria joins a number of other emerging nations that have adopted policies that try to restrict domestic cash usage.
#Fintech#CryptoAssets#CBDC#Cash#DFC
·aier.org·
Nigeria’s Tax Cash Is a Bad Idea
Cash Is More Popular Than Ever in a Zero-Interest-Rate World
Cash Is More Popular Than Ever in a Zero-Interest-Rate World
Cash accumulation can go only so far as a sign of trust in government. After all, governments in the developed world would typically like to see more electronic payments. Getting rid of cash can have a lot of benefits: It can help deter crime, reduce tax evasion and give central banks more power to stimulate the economy. But people have to believe that electronic money will be safe from mismanagement, man-made disasters, hackers and even confiscation. So far, neither the denizens nor the overseers of the financial system have done a great job of earning that trust.
#Fintech#CryptoAssets#CBDC#Cash#DFC
·bloomberg.com·
Cash Is More Popular Than Ever in a Zero-Interest-Rate World
The end of Libra?
The end of Libra?
"Industry sources have told the FT that the decisive factor was a letter that Democratic Senators Sherrod Brown and Brian Schatz sent to Mastercard, Visa and Stripe. It warned that proceeding with the project would expose even their non-Libra businesses to heavier regulatory scrutiny."
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·ft.com·
The end of Libra?
Investigating the impact of global stablecoins
Investigating the impact of global stablecoins
"This G7 report lays out initial recommendations for both private sector stablecoin developers and public sector authorities to address the challenges and risks. Finally, the report suggests that authorities could develop road maps for improving the efficiency and lowering the cost of payments and financial services."
#Fintech#CryptoAssets#Stablecoins#Regulation#DFC
·bis.org·
Investigating the impact of global stablecoins
Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram filed a response to the SEC writing that the SEC’s emergency injunction is unwarranted. Telegram is asking a federal court to deny the regulator’s motion to enforce a subpoena. Further, Telegram argued its upcoming gram token is not a security, and the SEC should not be able to force the company to produce documents or witnesses about its blockchain project
#Stablecoins#CryptoAssets#Fintech#PaymentSystems#Telegram#DFC
·coindesk.com·
Telegram Responds to SEC: Gram Tokens Are Not Securities