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.
The FATF said that stablecoins could turn to be potential tools for terror funding and money laundering activities and hence require due attentions of all its member nation before using them.
The Cambodia’s Central bank has also partnered with the Malaysian bank Maybank to see how the two bank’s respective digital platforms - Bakong and Maybank2u - work effectively and seamlessly to reduce remittance fees.
FED official Rob Kaplan said that if other forms of digitized cash were to gain massive adoption, the U.S. Dollar will be at the risk of losing its status as the world’s reserve currency.
Leveraging the power of blockchain, the South Korean government plans to cut down the cost of its trade finance activities by 90%.