Stablecoins Don’t Meet Core Requirements Of Money, BIS Says
The BIS General Manager has said that existing stablecoins fall short of the requirements for a widely accepted and used payment instrument. Stablecoins Remain A “Niche” Payment Instrument Pablo Hernández de Cos, General Manager at the Bank for International Settlements (BIS), spoke on the topic of stablecoins at a Bank of Japan seminar in Tokyo […]
Related News
In the last year, stablecoins have gone from representing just a tiny fraction of global cryptocurrency trading volume to more than half of it. This, because more users than ever before now use stablecoins to exit volatility, invest, and make payments. But in order for stablecoins to truly achieve mass adoption, they need to appeal […]
Bitcoin Core, the open source project that maintains bitcoin client software called “Bitcoin Core,” has launched a sponsorship program in an effort to involve more of the cryptocurrency community in the project. The sponsorship program provides a way for the industry to support research, projects and development. Some of the more overlooked aspects of the project include infrastructure, communication and project coordination. Due to the complexity of the bitcoin system, individuals with domain expertise who can support research, design and testing are scarce. These experts have an....
Blockchain payment platform e-Money is bringing its fiat-pegged European stablecoins to the Ethereum-rivalling Avalanche network. Next week, at the annual Avalanche Summit in Barcelona, the Danish fintech firm will introduce its suite of fully collateralized interest-bearing stablecoins to the blockchain, giving Avalanche users the opportunity to trade e-Money’s stablecoins, Euros (EEUR), Swiss francs (ECHF), Norwegian […]
The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges have met the requirements to offer trading in Korean won. 28 Cryptocurrency Exchanges Meet Regulatory Requirements South Korea’s financial authorities have released a list of 28 cryptocurrency exchanges that have met the regulatory requirements to stay open past Sept. 24 under the....
The Bitcoin-funded Sean’s Outpost is having a hard time trying to keep Satoshi Forest running. Escambia County officials in Florida have cited the premises for many violations, and have asked the residents to vacate. More recently, county officials asked Sean’s Outpost to apply to the developer’s board, only to be denied once again. After Agreeing to....