A publication run by China’s ruling Communist Party has denied reports that the nation’s central bank is on the verge of launching a cryptocurrency.
China ready to launch central bank cryptocurrency
Facebook loses out to Chinese tech giants Alibaba and Tencent, which will join major banks in distributing the new digital asset
Forbes’ Michael del Castillo reported on August 27 that the national bank’s digital currency will be a permissioned blockchain controlled by the central bank, and is intended to replace the bills and coins used in daily transactions rather than the renminbi itself.
Bank of England Governor Mark Carney, Canada's most important export after William Shattner (via Wiki commons).England’s central banker touts digital currencies over U.S. dollar
Even Facebook’s Libra might be a good way to end America’s ‘domineering influence’ as the provider of the world’s reserve currency, said Mark Carney
The governor of the Bank of England just touted digital currencies as a possible replacement for the U.S. dollar as the world’s reserve currency. Such a digital asset, whether backed by central banks or even Facebook’s Libra stablecoin, would “dampen the domineering influence of the US dollar on global trade,” Mark Carney said in a speech on August 23 to the 2019 Economic Policy Symposium in Jackson Hole, Wyo.
U.S. presidential candidate Andrew Yang backs blockchain voting
The Democratic contender made an official policy statement on August 22, calling the current system of standing in line ‘ridiculous’
Presidential Andrew Yang established himself as the blockchain Democrat back in April, when he added a call for clear regulation of cryptocurrencies to his policy proposals months before Facebook’s Libra stablecoin proposal made it a hot topic. Now he wants to bring voting onto the blockchain.
