• (via Pixabay.)
    United States

    Finance professionals predict US first to global digital currency

    China’s digital yuan has a big lead, and a central bank representative called the creation of the first global stablecoin ‘a horse race.’

    China has spent five years preparing to launch the digital yuan, which might happen in a matter of months. But bankers and financial industry professionals surveyed at an industry conference in October still believe the United States will be the first to create a global digital currency.

  • What do we think of this thing? (via Pixabay)
    Bitcoin

    Chainalysis: Financial professionals love, fear Bitcoin

    Half of the bankers and financial professionals surveyed believe Bitcoin will beat the S&P 500 in 2020, but compliance concerns are keeping them away

    Financial professionals see a bright future for cryptocurrencies, yet the vast majority say legal and regulatory concerns are causing their clients are keeping their distance, according to a new study.

  • All the most important people together: G20 Finance Ministers and Central Bank Governors meeting, Spring 2019 (via the Japanese Ministry of Finance).
    Cryptocurrencies,  Regulation

    Beware of central bankers bearing crypto

    Central bank digital currencies are all the rage, but a new report finds they pose serious risks to financial stability in bad times—and to privacy at all times

    Central bank digital currencies are all the rage, but making them work is far easier said than done, according to a new report. While there are many potential benefits from a central bank digital currency (CBDC), they also bring serious financial risks, according to IBM Blockchain and the Official Monetary and Financial Institutions Forum (OMFIF).

  • U.S. Court House and Post Office, 312 N. Spring St. Downtown Los Angeles
    Tether

    Bitfinex, Tether parent seeking court help with seized $880 million

    The company that owns cryptocurrency exchange Bitfinex wants a California federal court’s assistance in retrieving money taken by the U.S., U.K., Poland, and Portugal

    The parent of cryptocurrency exchange Bitfinex and stablecoin-issuer Tether has asked a federal court to help it get back $880 million lost to an alleged con man.