• China's renmimbi looks like this right now (via Pixabay).
    Asia & Australia

    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).
    Europe,  Libra

    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.

  • Andrew Yang wants to be America's first goth president (photo by Andrew Frawley for Yang2020.com).
    Technology,  United States

    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.