Kiffmeister’s Fintech Daily Digest 10/16/2019

• Bank of Canada exploring digital currency that would replace cash, track how people spend money

  An internal Bank of Canada presentation, prepared for Governor Stephen Poloz and the bank’s board of directors, offers the most detailed public insight yet into the bank’s thinking on a proprietary digital coin.

  tags: Fintech CryptoAssets CBDC

• We Sent a Man to the Moon. We Can Send the Dollar to Cyberspace

  Ex-CFTC Chair Giancarlo: “No perfect solution exists to address the challenges and promises of digital currency, nor can anyone predict all the technological advances these efforts will generate. The same was true when President Eisenhower proposed the National Aeronautics and Space Administration and when President Kennedy vowed to put a man on the moon. America must once again establish a team of the world’s brightest minds, this time to update a global economic order that ensures our freedom and prosperity.”

  tags: Fintech Stablecoins CryptoAssets CBDC

• Bermuda Now Accepts USDC Crypto for Taxes and Government Services

  The Government of Bermuda announced Wednesday it will accept payments in USD Coin (USDC) “for taxes, fees and other government services,” according to a press release by crypto finance startup Circle.

  tags: Fintech USDC CryptoAssets Stablecoins

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