Libra is imperialism by stealth
“If Libra follows the route of many stablecoins — including the dominant market player, Tether — and backs itself with dollar assets (and, it is difficult to see what else it can do but go down that route), then it is nothing but dollarisation by proxy. “
France urges EU rules on cryptocurrencies, warns of Libra risks
French Finance Minister Le Maire said “a common framework” on digital currencies was needed for the 28 EU countries and urged the creation of a European “public digital currency”, without giving more details.
tags: AltCoins Regulation CBDC Stablecoins Facebook Fintech CryptoAssets
CME Seeks to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC
The Chicago Mercantile Exchange (CME) Group is petitioning United States regulators to allow its clients to double their open Bitcoin futures positions.
tags: Derivatives Futures Bitcoin Fintech Regulation CryptoAssets
France shuns Facebook’s Libra. How was Libra stupid enough to end up here?
“Did Libra hire an economist who’d worked at a central bank, or for a government, on serious macroeconomics — someone who could talk to regulators in their own language — at any point since Facebook started looking into cryptocurrencies in 2017? …You might think “someone who knows how economies tend to work” would have been a useful sort of person to have on the team before the big announcement.”
tags: Regulation Facebook Stablecoins Fintech AltCoins CryptoAssets