The private banking members said that while digital currency is next big revolution, the transformation should be swift and not endanger the existing monetary system.
A survey carried out by IMB and the OMFIF shows several interesting findings regarding the future of CBDCs, from the perspective of central banks.
China passes law on state-sanctioned cryptocurrencies, in preparation for the digital Yuan. Similarly, the nation has shown interest towards the development of blockchain technology.
Bakkt’s crypto consumer app will offer a seamless interface to let its users spend their digital assets at different merchant locations.
A congressional official said that China’s national digital currency DCEP will be the first stabelcoin issued globally by a central bank.
The president said that China should double-down on its strong foundation in the blockchain space and take a leading position.
Citing investors demand and feedback, Bakkt has launched its first regulated Bitcoin options contract which will start live trading in December 2019.
While Facebook’s Mark Zuckerberg was addressing lawmakers’ concerns during a Congress testimony, the Bitcoin price crashed more than 5%.
The U.S. representative from Texas has submitted a new legislation asking lawmakers to regulate stablecoins under the Securities Act of 1933.
The CFTC chairman Heath Tarbert said that Ethereum Futures could arrive in next six-twelve months. The approval to it will be subject to the applications received by the agency.