-
“Right now, though, speed is of the essence. There is no time to create entirely new payments infrastructure to deliver coronavirus relief. Ideally, Treasury will find a way to leverage the infrastructure of the enormously successful Direct Express program to avoid sending paper checks. ”
-
The Banque de France is calling for applications to experiment with a wholesale central bank digital currency for interbank settlements.
-
“If every token of value is a “security,” token distribution becomes extremely difficult. Up until the Telegram ruling, a project would initially sell their tokens in a securities law-compliant private or overseas offering. The purchasers then sit through the holding period mandated by the 1933 Act. Thereafter, those purchasers might resell the tokens, often through listing on an exchange. “
Kiffmeister’s Fintech Daily Digest 03/29/2020
