• Mastercard CEO Ajay Banga Facebook Libra
    Alt coins,  Politics,  Regulation

    Mastercard’s chief tosses Facebook’s Libra under the bus

    The credit card firm’s CEO, Ajay Banga, said compliance concerns were the reason he pulled out of Facebook’s stablecoin project

    Mastercard CEO Ajay Banga told the Financial Times on Monday that important members of the Libra Association wouldn’t give a firm commitment to follow local laws in all circumstances, including know your client (KYC) and anti-money laundering (AML) regulations.

  • Bison Trails' Aaron Henshaw and Joe Lallouz (Photo: Bison Trails).
    Ethereum,  Politics,  Technology

    Joe Lallouz sees proof of stake becoming dominant

    Bison Trails and Coinbase Custody join the Proof of Stake Alliance, seeking to educate regulators on how staking is superior to mining

    Blockchain infrastructure firm Bison Trails and cryptocurrency storage provider Coinbase Custody announced on Jan. 30 that they have joined the Proof of Stake Alliance to support what one CEO called “the next wave of blockchain technology.

  • Japan lawmakers to propose digital yen
    Cryptocurrencies,  Politics

    In Japan, a digital yen may be on the horizon

    Lawmakers for the country’s ruling party say they are working on a proposal for a state-backed digital currency

    Japanese lawmakers are working on a proposal for the country to issue its own digital currency, according to a report in Reuters Friday. A digital yen could be a collaboration between the government and private companies, a key lawmaker in the country told Reuters Thursday.

  • The Bank of England (George Rex via Flickr, CC-BY-SA).
    Politics

    6 central banks team up to explore digital currencies

    England’s apex bank is joining forces with the Bank of Canada, the Bank of Japan, the European Central Bank, and others to study use cases for central bank digital currencies

    The Bank of England’s statement said the group will explore “CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.”