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France will halt the development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
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Switzerland’s guidance on stablecoins — what it means for Facebook’s Libra.
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“Instead of embracing Facebook’s Libra, we should be rallying for a public option for digital currency.”
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By taking the status quo option off the table, Libra or its next best replica will force monetary authorities and regulators to choose between central bank-managed digital currency and riskier private digital tokens.
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Via the Timed Release Monetary Issuance anyone (regardless of location) can register for the SOV pre-sale on the newly launched website of the SOV Development Foundation. The actual pre-sale for SOV – in which users buy TRMI units that can later be exchanged for SOV units – is not yet live and is still a work in progress.
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Santander says it has become the first institution to use a public blockchain to manage all aspects of a bond issue, not only using a token on ethereum to represent the $20 million debt issuance but settling it with another set of ERC-20 tokens representing cash held in a custody account.
Kiffmeister’s Fintech Daily Digest 09/12/2019
