Central Bank Digital Currency: One, Two or None?
This Banque de France paper considers the motives, modalities, and possible consequences of retail and wholesale central bank digital currency issuance.
tags: Fintech CryptoAssets CBDC
Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram filed a response to the SEC writing that the SEC’s emergency injunction is unwarranted. Telegram is asking a federal court to deny the regulator’s motion to enforce a subpoena. Further, Telegram argued its upcoming gram token is not a security, and the SEC should not be able to force the company to produce documents or witnesses about its blockchain project
tags: Stablecoins CryptoAssets Fintech PaymentSystems Telegram
Facebook’s Libra is a threat to national sovereignty | Bruno La Maire
With its Libra plan for a global digital currency, Facebook has shown both economic and political ambitions. The project would mean a private company controlling a common good and taking over tasks normally discharged by states. This is unacceptable for both economic and political reasons.
Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound
Federal Reserve governor Lael Brainard delivered a sharp critique of Libra on Wednesday, stating the Facebook-led project would need to resolve a number of regulatory hurdles before going live.
Bermuda Starts Development of a Blockchain-Based National ID System
A digital ID solution for citizens, businesses and government bodies, the Perseid e-ID project is being carried out in partnership with identity program Perseid Network and decentralized credential verification protocol Shyft Network.
Machine learning in UK financial services
ML is increasingly being used in UK financial services. Two thirds of respondents report they already use it in some form. The median firm uses live ML applications in two business areas and this is expected to more than double within the next three years.
tags: MachineLearning Fintech
Telegram Looks to Cut Deal With TON Blockchain Investors After SEC Order
Telegram has notified investors that the TON blockchain project will be launched later than planned, pushing the deadline from Oct. 30 to April 30, 2020.
tags: Telegram Fintech CryptoAssets PaymentSystems Stablecoins
Top Fed Official Says US Central Bank ‘Actively’ Debating Digital Dollar
Federal Reserve Bank of Dallas President Rob Kaplan said: “We have not at the Fed decided to pursue or drive to develop a digital currency, but it’s something we’re actively looking at and debating.”
tags: CBDC CryptoAssets Fintech
Telegram’s TON Launch and Token Distribution — All the Details to Date
Momentum for TON has been building over the past few months and the token distribution set for Oct. 16 was drawing ever nearer. In August and September, Telegram released the TON testnet for both explorer and node software, launched a free wallet service for its 300 million users, and announced a controversial $400,000 bug bounty. Just as everything was falling into place for the company — the SEC stepped in.
tags: PaymentSystems Stablecoins Fintech CryptoAssets Telegram