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The Riksbank proposes a review of the concept of legal tender
The Riksbank proposes that a committee be tasked with reviewing the concept of legal tender and role of central bank money in a digitalised economy, and the role and responsibility of both the state and the private sector on the payment market.
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Bitcoin is a Demographic Mega-Trend: Data Analysis – Spencer Bogart – Medium
The survey results highlight that Bitcoin is a demographic mega-trend led by younger age groups. The only area where older demographics matched younger demographics was awareness: Regardless of age, the vast majority of the American population has heard of Bitcoin.
tags: Fintech CryptoAssets Bitcoin
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Gemini Partners with Harbor to Fund Investments Leveraging Gemini Dollars
Gemini is partnering with Harbor, an all-in-one platform for tokenized securities offerings, to allow users to invest in deals using Gemini dollars (GUSD) and receive any future distributions or dividends of such deals in GUSD.
tags: Fintech CryptoAssets AltCoins Stablecoins Tokenization
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Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents
Tether has cash and cash equivalents (short term securities) on hand totaling approximately $2.1 billion, representing about 74 percent of the current outstanding tethers.
tags: Fintech CryptoAssets AltCoins Tether Liquidity Stablecoins
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A platform for innovation – remarks by Mark Carney | Bank of England
BoE Governor Carney highlights the opportunities offered by Fintech, saying we’re moving to a new kind of economy, which needs new kinds of financial services. He explains what the BoE is doing to embrace and support this financial innovation.
tags: Fintech
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Bitfinex Is Planning to Issue an Exchange Token, Shareholder Says
Beleaguered Bitfinex may soon issue a proprietary exchange token. The issuance method could be similar to that of other exchange tokens, which were distributed through pre-paid trading fee packages.
tags: Fintech CryptoAssets Tether Liquidity
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China’s Tencent to Develop Blockchain Medical Tools With Waterdrop After Investment
Tencent will work with Waterdrop, which forms part of China’s rapidly-expanding crowdfunded health insurance industry, to leverage Tencent’s existing presence and experience in the field to create as yet undefined blockchain tools.
tags: Fintech Insurance Blockchain
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ICE’s Bakkt Announces Acquisition of Digital Asset Custody Company
Institutional crypto trading platform Bakkt has аcquired a crypto custodian service Digital Asset Custody Company, and filed an application with the New York Department of Financial Services to operate as a trust company.
tags: Fintech CryptoAssets Custody Regulation
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Chinese Central Bank Fines Five Businesses in Beijing for Refusal to Accept Cash Payments
The People’s Bank of China (PBOC) is ensuring that Chinese businesses continue to accept cash despite the rapid spread of mobile payments throughout the country’s economy. On 23 April PBOC announced that it had fined five companies in Beijing for refusal to accept cash payments.
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Indian Government departments discuss draft bill to ban cryptocurrencies
The Indian government has kicked off inter-ministerial consultations on a draft bill to ban cryptocurrencies and regulate official digital currencies, according to informed sources.
tags: Fintech CryptoAssets Regulation
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Bond Rating Agency Moody’s Warns on Risks of Private Blockchains
Rating agency Moody’s has warned of several risks of private, centralized blockchains, inclusing that consensus mechanisms in private chains may not be as strong as those seen in public chains, or may be absent altogether.
tags: Blockchain Fintech
FinTech Daily 04/30/2019
