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JP Morgan: Libra and other stablecoins “do not take into account the microstructure of operating such a payment system. The risk of payment system gridlock, particularly during periods of stress, could have serious macroeconomic consequences.”
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SNB’s governing board chair Thomas Jordan: “if stablecoins pegged to foreign currencies were to establish themselves in Switzerland, the effectiveness of our monetary policy could be impaired.”
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Changchun Mu, new head of the PBOC’s Digital Currency Research Institute. He has said that China’s CBDC will be supported across major e-payments platforms such as WeChat and Alipay.
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Intercontinental Exchange Inc. is closer to offering Bitcoin futures trading as its Bakkt unit opened its digital-asset custody warehouse to customers. Here are the nuts and bolts of how it will work.
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Gemini launched Gemini Clearing that will allow OTC trading for its users. The new service will be accessible by everyone both retail traders as well as institutional investors.
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tags: Fintech Blockchain