Libra

The Swiss Financial Markets Supervision Authority (FINMA) has published an addendum to the existing Initial Token Offerings (ICO) Guide. Focused on the so-called stable coins (stablecoins), it pays special attention to the digital currency Libra from Facebook. In a document published on Wednesday, September 11, FINMA confirmed that the Geneva-based Libra Association had requested the regulator to […]

The international interbank system SWIFT does not see a competitor in digital currencies, reports Fintech Futures. “They [cryptocurrencies] are falling in price like yo-yo, they are useless and unstable,” the system said at a briefing in London. The only digital currency with any potential in SWIFT is considered Libra from Facebook. Cryptocurrencies, in their opinion, can succeed only with the properties of Libra, in […]

The non-profit organization Stellar Development Foundation will conduct an airdrop of 2 billion XLM tokens (approximately $ 118 million) among users of the Keybase messenger. Today we're excited to announce we've partnered with @KeybaseIO for our largest distribution ever! Read the full announcement: https: //t.co/WV6XUmpRfx – Stellar (@StellarOrg) September 9, 2019 According to Stellar representatives, this is the largest coin distribution in the history of the project. […]

Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System (FRS), said that his department is monitoring the field of crypto assets, but does not plan to issue its own digital currency. Highlight: “We are following the whole question of digital currencies,” says Fed Chair Jerome Powell. “It's not something that we are actively considering. For us, it raises significant issues that we […]

Facebook's Libra digital currency is vulnerable to economic shocks, writes Bloomberg, citing analysts at banking holding JPMorgan. According to them, she will not be able to provide the level of security that existing payment systems offer. First of all, we are talking about a bottleneck problem – when network bandwidth is limited, and the activity of participants does not stop growing. At JPMorgan […]

The digital currency from the People’s Bank of China will appear in WeChat and Alipay payment systems. You can use it without the Internet. This was reported by Reuters with reference to the deputy head of the payment unit of the People’s Bank of China (NBK) Mu Changchun. Development should protect the country's monetary sovereignty and renminbi status and partially replace paper money. Some mechanisms will […]