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The status of the U.S. dollar as a global reserve currency, the stable demand for U.S. bank notes, and the mature, developed nature of the U.S. financial system are all distinguishing factors that would need to be taken into account when considering the benefits vs. the costs of central bank digital currency in the U.S.
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“Earlier this month, I proposed a securities law safe harbor for token distributions. My motivation was the fear that many crypto entrepreneurs have: that a token distribution might be deemed by my agency – the SEC – to be a securities offering. How, then, is a would-be network supposed to mature into a functional or decentralized network?”
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“A “safe harbor” that made it more difficult for retail investors to distinguish bona fide projects like Blockstack from known scams like OneCoin for a three-year period would likely undo much of the progress towards mainstreaming crypto adoption that has been made to date, which has seen large institutional players like Bakkt or Fidelity Digital Assets enter the space.”
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This paper shows that cryptocurrency markets are plagued by pump-and-dump manipulation. Unlike stock market manipulators, cryptocurrency manipulators openly declare their intentions to pump specific coins, rather than trying to deceive investors. Puzzlingly, people join in despite negative expected returns.
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65% of cross-border payment messages by Swift members were sent using gpi, with transmission corridors now numbering over 1,900.
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Blocknox, a subsidiary of the second largest German stock exchange Boerse Stuttgart, is expanding its cryptocurrency custody service to institutional players.
Kiffmeister’s Fintech Daily Digest 02/18/2020
