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.
Bank of Canada is reportedly working on the research and development of a CBDC that would help replace banknotes while tracking users’ spending.
Leveraging the power of blockchain, the South Korean government plans to cut down the cost of its trade finance activities by 90%.
In its letters, the G7 said that although stablecoins can scale quickly, they prove to be very detrimental if investors lose faith in them. In such case they can severely jeopardize the global financial stability.
Russia reportedly plans to introduce an all-inclusive regulatory framework for cryptocurrencies by the 1st of November.
The SEC said that Telegram conducted an allegedly unregistered token sale breaking the securities laws of the agency.
In a recent article, ING financial experts express their belief that fully-fledged bank-owned digital currencies will arrive in 5 years.
Alipay refuted any involvement in Bitcoin and crypto transactions saying that the company has strict vigilance on these matters.
The United Nations organization said that it will use these funds to provide children access to open-source technology that benefits young people across the globe.
This is the third-time that a Facebook executive will appear before the US Congress to explain the potential benefits that Libra can bring to the financial markets.