DFC

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G+D Currency Technology | G+D
G+D Currency Technology | G+D
"The value of money is based on confidence. In a dynamically changing world G+D Currency Technology shares its unique knowledge of securing values. As a leader in currency technology in all key areas of currency circulation, we are constantly maximizing productivity, efficiency, and profitability."
#CryptoAssets#CBDC#DFC
·gi-de.com·
G+D Currency Technology | G+D
Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record - Bitcoinist.com
Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record - Bitcoinist.com
"Data from Coin Dance confirms that in the seven days ending Saturday, Venezuelans transacted 1284 BTC ($5.1 million) via P2P trading platform Localbitcoins alone. In terms of the country’s highly volatile national currency the Sovereign Bolivar (VES), last week saw higher numbers still, Localbitcoins trade capping 2.35 billion VES. The records come as president Nicolas Maduro instigated further upheaval Friday and Saturday, first raising the minimum wage in VES by 150 percent. A day later, Venezuela devalued the VES by more than 40 percent in a Dicom exchange rate reassessment – the first such major move since the currency replaced the old bolivar in August."
#CryptoAssets#CBDC#Venezuela#DFC
·bitcoinist.com·
Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record - Bitcoinist.com
Op-Ed: Is Tether Trying to Price Itself out of the Stablecoin Wars?
Op-Ed: Is Tether Trying to Price Itself out of the Stablecoin Wars?
"Well, fine. But here’s the problem: Tether’s fees and limits are sort of outrageous, especially compared to its much more recent competitors. Paxos Standard (PAX) has no redemption fee but a minimum of $100. The same with Circle’s USD Coin (USDC). But Tether? Well, to even consider redeeming your USDT for USD with Tether proper, you’ll need to be doing it $100,000 at a time. You’ll pay a minimum fee of 0.1% to make a deposit and acquire USDT, and there are three tiers of withdrawal fees: 0.4% at $100,000 or more, 1% at $1 million or more, and 3% at $10 million or more."
#CryptoAssets#AltCoins#Stablecoins#DFC
·ccn.com·
Op-Ed: Is Tether Trying to Price Itself out of the Stablecoin Wars?
Paxos Standard: Why This Stablecoin Might be the One to Dethrone Tether
Paxos Standard: Why This Stablecoin Might be the One to Dethrone Tether
"While TrueUSD maintains an early-mover advantage, it increasingly appears that the quest to supplant tether is becoming a two-horse race between PAX and USDC, who are rapidly gaining on TUSD and have thus far left GUSD in the dust. USD Coin, unlike Paxos Standard, is backed by the biggest household name in crypto. Coinbase, along with fellow bitcoin unicorn Circle, is a co-issuer of USDC, and both are founding members of the CENTRE consortium, which governs the development of USDC and future stablecoin offerings. Consequently, USDC is listed directly on the Coinbase platform, enabling the firm’s tens of millions of users to easily convert between the token and fiat without having to open any new accounts."
#CryptoAssets#AltCoins#Stablecoins#DFC
·ccn.com·
Paxos Standard: Why This Stablecoin Might be the One to Dethrone Tether
BIS Conference on "Economics of Payments IX"
BIS Conference on "Economics of Payments IX"
"Payments and financial market infrastructures stand at a crossroads. Digital innovation, regulation and ever-evolving market structure have fundamental impacts on payments, clearing and settlement. Economics of Payments IX conference continues the tradition of bringing together academic researchers, central bank economists, and representatives of authorities to look at recent developments in these areas and to think creatively about the future of payments."
#Fintech#Blockchain#CryptoAssets#CBDC#DFC
·bis.org·
BIS Conference on "Economics of Payments IX"
ECB launches real-time payments system
ECB launches real-time payments system
"The European Central Bank has unveiled its response to the rise of digital wallets with the launch of Target Instant Payments Settlement (TIPS), a pan-eurozone instant payments system. The new service will be available to both consumers and businesses across the 19 states in the eurozone and will offer near real-time payments via smartphones, PCs and in-store payment points."
#Fintech#CBDC#DFC
·finextra.com·
ECB launches real-time payments system
Crypto Mining Firm to Launch Remittance-Friendly Digital Peso in H1 2019
Crypto Mining Firm to Launch Remittance-Friendly Digital Peso in H1 2019
"Huaren Capital had entered the Philippines’ business territory to expand its crypto mining business. But the Chinese firm has found another purpose on the sideways. The crypto giant plans to launch a digitized version of Philippino Peso called “Digital Peso” in the first half of 2019, reported Inquirer. The coin, whose per unit value would likely be pegged to 1 Peso, would be a base currency of a proposed two-way remittance corridor between China and the Philippines."
#CryptoAssets#AltCoins#Stablecoins#DFC
·ccn.com·
Crypto Mining Firm to Launch Remittance-Friendly Digital Peso in H1 2019
5 Reasons a Man Should Still Carry Cash | The Art of Manliness
5 Reasons a Man Should Still Carry Cash | The Art of Manliness
"Many people just don’t see much reason to continue to carry around paper money. But, there are in fact several good reasons to still keep an ample supply of greenbacks in your wallet, including..."
#CBDC#DFC
·artofmanliness.com·
5 Reasons a Man Should Still Carry Cash | The Art of Manliness
Swedish Monetary Ingenuity | AIER
Swedish Monetary Ingenuity | AIER
"Stefan Ingves, the Riksbank’s governor, has asked the Riksdag to modify the concept of legal tender so that retailers are forced to accept banknotes. More specifically, Ingves wants providers of goods and services that are “important from a citizen’s perspective” to be subject to a cash requirement. He proposes that pharmacies, special transport services, food shops, and petrol stations be included on this list."
#CBDC#DFC
·aier.org·
Swedish Monetary Ingenuity | AIER
Goodbye Cash, Hello E-krona | AIER
Goodbye Cash, Hello E-krona | AIER
"As long as the e-krona’s design conforms to such regulations, it will offer an extremely constricted form of anonymity, one that is likely to be constricted even more over time. This would be a missed opportunity, especially since the Riksbank acknowledges that as a central bank it “does not need to observe” the narrow dictates of e-money laws. For now, the Riksbank’s pilot project will involve traceable transactions. One hopes that as the project evolves, the central bank will rethink its approach. The world is watching you, Sweden. "
#CryptoAssets#CBDC#DFC
·aier.org·
Goodbye Cash, Hello E-krona | AIER
Huobi Cryptocurrency Exchange Launches Derivative Market
Huobi Cryptocurrency Exchange Launches Derivative Market
In October, Huobi announced the creation of what it calls a “stablecoin solution.” The project, known as HUSD, consists of Huobi’s own stablecoin asset which investors can use as a go-between to interact with four U.S. dollar-backed stablecoins currently listed on the exchange. HUSD will also be tradeable against other cryptocurrencies, beginning with controversial stablecoin Tether (USDT), followed by Bitcoin (BTC) and Ethereum (ETH).
#CryptoAssets#Stablecoins#Derivatives#AltCoins#DFC
·cointelegraph.com·
Huobi Cryptocurrency Exchange Launches Derivative Market
Tether Says Customers Can Once Again Deposit and Redeem Fiat - CoinDesk
Tether Says Customers Can Once Again Deposit and Redeem Fiat - CoinDesk
"Tether Ltd., the controversial issuer of the tether stablecoin (USDT), which aims for parity with the U.S. dollar, announced Tuesday that it would reopen account verification for new customers and enable customers to redeem tether for fiat currency directly through its platform. “Tether is able to return to its original vision of having a wallet for creating and redeeming directly on its own platform without having to rely on a third party,” the company said in a post on its website. “This update allows the immediate withdrawal of Tether to fiat (1:1), with the ability to acquire coming soon.” Notably, withdrawals will be subject to a high minimum of $100,000 and significant fees."
#CryptoAssets#AltCoins#Stablecoins#DFC
·coindesk.com·
Tether Says Customers Can Once Again Deposit and Redeem Fiat - CoinDesk
China's smartphone-obsessed cashless economy is leaving its elderly behind
China's smartphone-obsessed cashless economy is leaving its elderly behind
“Mobile payments are carving out lines between young and old, and between the prosperous urban middle class and those left behind by the boom times. Mismanaged moves to mobile payments by municipalities could also lock the elderly and the poor out of the consumption economy—just when the Chinese government needs as many spenders as possible.”
#CBDC#DFC
·qz.com·
China's smartphone-obsessed cashless economy is leaving its elderly behind
Philip Lowe: A journey towards a near cashless payments system
Philip Lowe: A journey towards a near cashless payments system
Perhaps a more important source of ongoing demand is the fact that using cash does not require the internet to be up, electricity to be working and the banks' systems to be operational. Banknotes are therefore an important emergency or back-up payment instrument. They are particularly useful in the event of natural disasters or failure of the electronic system. Perhaps one day the various systems will be so reliable that a backup will not be needed, but that day still seems some way off.
#CBDC#DFC
·bis.org·
Philip Lowe: A journey towards a near cashless payments system
How Crypto Social Network Minds Uses Ads to Create a Semi-Stablecoin
How Crypto Social Network Minds Uses Ads to Create a Semi-Stablecoin
"Frequent Bitcoin commentator and Cornell professor Emin Gün Sirer believes there is a distinct difference between a coin that is pegged to a fiat currency and a coin that is “stable.” In a recent tweet, he noted that MakerDAO should be considered “stable,” because it uses algorithmic methods of achieving a stable ratio, while USDC and Tether should be considered “pegged,” in that they use simple methods and the banking system to retain a 1:1 ratio with fiat currency."
#CryptoAssets#AltCoins#Stablecoins#DFC
·ccn.com·
How Crypto Social Network Minds Uses Ads to Create a Semi-Stablecoin
Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’ - The New York Times
Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’ - The New York Times
"Few countries have been moving toward a cashless society as fast as Sweden. But cash is being squeezed out so quickly — with half the nation’s retailers predicting they will stop accepting bills before 2025 — that the government is recalculating the societal costs of a cash-free future."
#CBDC#DFC
·nytimes.com·
Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’ - The New York Times
Exclusive: "There Is an Organized Campaign Against Us," Says Tether
Exclusive: "There Is an Organized Campaign Against Us," Says Tether
"The story put forth by Bloomberg cites an unbacked, independent study which claims that, if USDT were to be unbacked (i.e. supply-driven and “pushed" onto traders as opposed to “pulled” via organic demand) it could indicate manipulation of the Bitcoin price. The entire study relies on the assumption that USDT is unbacked and therefore not sufficiently driven by trader demand. This is flawed, and claims which suggest that USDT transactions aren’t driven by demand when it is consistently in the top 2 of traded cryptocurrencies in the space with regards to volume, are simply ridiculous by now. To reiterate, the accusation against Tether is based around the assumption that outstanding USDTs are unbacked - something which has been proven false time and time again."
#CryptoAssets#AltCoins#Stablecoins#DFC
·cryptonews.com·
Exclusive: "There Is an Organized Campaign Against Us," Says Tether
Did The IMF Reveal That Cryptocurrency Is The New World Order End-Game? | Zero Hedge
Did The IMF Reveal That Cryptocurrency Is The New World Order End-Game? | Zero Hedge
"I suggest that the IMF already has a cryptocurrency mechanism ready to replace the dollar as world reserve, and that it will be infused into the SDR basket at the height of the coming crash. The fact that the IMF has been introducing central bank crypto talking points over the past year indicates to me that the crash is imminent."
#CryptoAssets#CBDC#IMF#DFC
·zerohedge.com·
Did The IMF Reveal That Cryptocurrency Is The New World Order End-Game? | Zero Hedge
Venezuela: Parliament Approves Crypto Bill to Combat 'Financial Blockade'
Venezuela: Parliament Approves Crypto Bill to Combat 'Financial Blockade'
"The law consists of 64 articles and five transitory provisions. It validates Petro as a unit of commercial exchange within the country, and states that goods and services can also be purchased with Petro. Venezuela’s crypto exchanges are also reportedly allowed to carry foreign exchange operations using Petro under the new laws."
#CryptoAssets#AltCoins#CBDC#Venezuela#DFC
·cointelegraph.com·
Venezuela: Parliament Approves Crypto Bill to Combat 'Financial Blockade'
Bitcoin’s crash is not the end of cyber currencies | Financial Times
Bitcoin’s crash is not the end of cyber currencies | Financial Times
"The IMF has suggested Central Bank Digital Currencies, a digital-only form of fiat money which would seek to combine the ease of use of cash with a central bank ledger system to verify transactions. Implementing CBDCs requires significant testing: an IMF paper acknowledged they may be popular mainly in countries with less secure banking, and worried that adoption could cause digital bank runs. But CBDCs might one day offer consumers a faster, cheaper and safer alternative to physical cash and credit cards."
#CryptoAssets#CBDC#DFC
·ft.com·
Bitcoin’s crash is not the end of cyber currencies | Financial Times
Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law - Bitcoin News
Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law - Bitcoin News
Japan’s amended Fund Settlement Law and the amended Payment Services Act defines “virtual currencies,” which include cryptocurrencies, as a means of payment and exempts them from consumption tax. The latter requires cryptocurrency exchange operators to register with the FSA. However, in principle, stable coins pegged by legal currencies do not fall into the category of ‘virtual currencies’ based on the Payment Services Act. Hence, it is not necessarily appropriate to suggest that stablecoin issuers need to obtain or register before issuing the coins.” Nonetheless, generally speaking, companies need to register as the ‘Issuer of Prepaid Payment Instruments’ or the ‘Funds Transfer Service Providers’ based on Payment Services Act, when virtual currency broker dealers trade stable coins.
#CryptoAssets#Stablecoins#DFC
·news.bitcoin.com·
Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law - Bitcoin News
Getting serious about digital fiat currencies - Livemint
Getting serious about digital fiat currencies - Livemint
"The digital revolution has profound implications for central banks. They have to decide whether to issue digital fiat currencies (DFCs) in order to maximize economic gains, remain relevant in a digital world, and respond to the cryptocurrency challenge. These considerations were apparent in the ITU DFC Focus Group conference at Cornell’s New York Tech Campus in late July, where central bankers formed the majority of more than 100 participants, and where I moderated the economic implications panel."
#CryptoAssets#CBDC#DFC
·livemint.com·
Getting serious about digital fiat currencies - Livemint
Riksbank considers joining EU’s faster payments system - deputy governor - Central Banking
Riksbank considers joining EU’s faster payments system - deputy governor - Central Banking
"The rise in the volume of payments, Skingsley said, meant the Riksbank needed to think about whether it needs to update the RIX payment network – the system that handles the settlement of all payments made in kronor. “We are analysing whether we can take advantage of our European co-operation by joining the European Central Bank’s system for faster payments,” Skingsley said. But she said she was concerned such an arrangement would see another part of the core payments infrastructure move beyond Sweden’s borders."
#CryptoAssets#CBDC#DFC
·centralbanking.com·
Riksbank considers joining EU’s faster payments system - deputy governor - Central Banking
CEMENT - What Is Cement
CEMENT - What Is Cement
"CEMENT IS A BASKET OF MANY STABLECOINS: Stablecoin holders can deposit their stablecoins into the Cement Mixer (that’s what we’re calling the basket), to benefit from increased liquidity, greater stability and protection from risk."
#CryptoAssets#Stablecoins#DFC
·cementdao.com·
CEMENT - What Is Cement
Stablecoin Wars: Crypto Merchant Service BitPay Lists Paxos Standard
Stablecoin Wars: Crypto Merchant Service BitPay Lists Paxos Standard
BitPay today expanded its stable of stablecoin offerings for merchant settlement to include the new Paxos Standard, the most heavily traded of the recently-launched group of “regulated stablecoins.” As CCN reported in October, BitPay has already added support for Circle’s USD Coin and Gemini’s GUSD. It has apparently decided not to support USDT — or Tether –which was the world’s first major “stablecoin” and has the backing of giant fiat-crypto margin-supporting exchange Bitfinex.
#Stablecoins#CryptoAssets#DFC
·ccn.com·
Stablecoin Wars: Crypto Merchant Service BitPay Lists Paxos Standard
IMF Explores Evolving Forms of Money, Prospects of CBDC – Diar
IMF Explores Evolving Forms of Money, Prospects of CBDC – Diar
"The International Monetary Fund released their latest perspective on the development prospects of Central Bank Digital Currencies. Exploring the benefits of various forms of money, the IMF seems to be of the mindset that while cryptocurrencies have gained traction, it is in fact private eMoney solutions that provide stored value facilities and an easy user experience that are best ranked. While citing Bitcoin, Ether and Ripple, the report seems to be remiss of the larger and intertwined developments occurring in the space as of late. One cryptocurrency firm is, at the very least, attempting to address issues and concerns the report highlighted having secured the necessary licenses, in the US and the UK, provide on-chain stable stored value facilities, in line with KYC and AML compliance requirements, as well as an easy customer facing interface – Coinbase."
#CryptoAssets#CBDC#DFC
·diar.co·
IMF Explores Evolving Forms of Money, Prospects of CBDC – Diar