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An ECB official confirmed its work on a digital Euro. The bank has explored it as both a retail and wholesale CBDC, and noted it has experimented with blockchain.
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PBOC VP Yifei Fan said the bank aims to better regulate new technologies applied across the financial industry. Blockchain is among 17 categories of financial technologies, including cloud services and artificial intelligence, to be regulated under the new standards.tags: Fintech Regulation
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Chainalysis laid off 39 employees Thursday, about 20 percent of its workforce, as the startup prioritizes turning a profit and bringing products to market.
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Protests in Hong Kong, Lebanon and Iran have forced cypherpunks to test censorship-resistant technologies in the wild. But protesters on the ground found they lack internet access during times of civil unrest. Bitcoin has mainly proven useful for receiving value from abroad to hold and privately store. Sources in Lebanon and Iran said there is scant liquidity, and since they are cut off from global exchange platforms, digital assets are rarely useful as currency.
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While PayPal’s de-risking of PornHub is unfortunate, there are many alternative payment options available to PornHub’s content providers. Competition saves the day. For now, at least.
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In a historically low interest rate environment, investors have looked toward high-yielding assets – wherever they can find them – in search of some form of yield. Meanwhile, over the past year, the number of digital currency-related products that bear an interest payment, or similar, have grown. Here, TradeBlock diagrams some of the highest yielding ‘passive’ income digital currency products and compares these assets to those offered in the traditional markets.tags: Fintech CryptoAssets
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“Libra may become an alternative for certain cross-border payments, but will probably not be used for payments in Sweden to any great extent. These are some of the conclusions drawn in a recent Riksbank Economic Commentary.”
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This report surveys the legal and policy landscape – regulation surrounding cryptocurrencies around the world, covering 130 countries as well as some regional organizations that have issued laws or policies on the subject.
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One way that banks are addressing the challenges associated with cross-border payments is by adopting the SWIFT gpi standard on the basis that they can make payments from one central location, rather than spreading liquidity among various correspondent banks across different countries. This central view gives banks a much more transparent view of their liquidity.
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Long summary: The Howey test is so vague, and cryptos are so new! Who could know anything, really? Also, the SEC messed us around. All this is so fundamentally unknowable that it violates constitutional due process, and you should throw it out. Short summary: f— you SEC, and see you in court.
Kiffmeister’s Fintech Daily Digest 11/21/2019
