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France Announces G7 Crypto Task Force

G7

France’s central bank has announced plans to create a G7 task to specifically look into cryptocurrency regulations. Governor Francois Villeroy de Galhau has selected a European Central Bank board member to lead its investigative team, stamping its authority as the current President of the Group of Seven Nations (G7) The Group of Seven is a group consisting of Canada, France, …


Facebook’s GlobalCoin Hires British Banking Lobbyist

Facebook's GlobalCoin Hires British Banking Lobbyist

Facebook’s crypto GlobalCoin looks set to benefit from banking expertise as it has now hired a senior bank lobbyist from the UK in the shape of Standard Chartered’s Europe head of corporate and public affairs, Edward Bowles. The news broke on Financial Times (FT) that Bowles will join in September to be Facebook’s director of public policy in London. This …


Facebook Stablecoin Dips into Visa, Mastercard, Paypal and Uber Pockets

Facebook Stablecoin Dips into Visa, Mastercard, Paypal and Uber Pockets

Facebook’s stablecoin project dubbed Libra has reportedly gained the support of some big players in the payment gateway industry to include Visa, Mastercard, PayPal Holdings as well as Uber Technologies, among a dozen other companies, who will each invest at least a sum of USD 10 million, reports the Wall Street Journal. The Libra project may yet be one of …


Swiss Think Tank Urges National Bank to Create State Crypto

Swiss Think Tank Urges National Bank to Create State Crypto

Prominent Swiss think tank Avenir Suisse (Swiss Future) has urged the Swiss National Bank (SNB) to start working on a national cryptocurrency in its most recent report, ‘Blockchain After the Hype’. The report suggests that the issue of an SNB franc token be issued as part of the pro crypto alpine nation’s blockchain push to simplify and expand global market …


Binance Tests GBP-Backed Stablecoin on its DEX

Binance Tests GBP-Backed Stablecoin on its DEX

Barely a month after Binance CEO, Changpeng Zhao (CZ) hinted on the possible launch of a stablecoin, the cryptocurrency exchange behemoth is now testing a GBP-backed stablecoin asset on its Binance Chain. The development was made public by a Twitter user CryptosBatman yesterday, who highlighted the speed at which the exchange was moving in order to launch its own stablecoin: …


Wallet Provider Blockchain Now Supports PAX Stablecoin

Wallet Provider Blockchain Now Supports PAX Stablecoin

One of the oldest cryptocurrency wallet provider Blockchain recently announced the support for PAX stablecoin in a bid to allow its users to obtain true dollar balance in their wallets. According to news outlet CoinDesk, general manager of Blockchain’s wallet product, Xen Baynham-Herd implied that the move is part of a larger plan to enable fiat redemptions on its platform, …


Switzerland’s Stock Exchange SIX to Develop Swiss Franc-backed Stablecoin

Switzerland’s Stock Exchange SIX to Develop Swiss Franc-backed Stablecoin

Switzerland’s stock exchange SIX is reportedly developing a stablecoin pegged to the Swiss franc, according to an email shared with CoinDesk. Although not much information has been provided on the development or the nature of the stablecoin, however, citing a spokesperson for SIX who confirmed the development, the outlet quoted: “Yes, we are currently working on a CHF Stable Coin …


Stablecoin Offers Way Out for Argentinians as Peso Struggles

Stablecoin Offers Way Out for Argentinians as Peso Struggles

After another economic crisis in Argentina, characterized by the peso’s falling to a record low against the US dollar, some financial analysts and commentators in the region see cryptocurrency as a potential solution. After a history of inflation and debt defaults by the government, Argentina’s population see banks as a risk with some savers even keeping pesos in cash at …


Binance Research, Stablecoins Show Potential to Grow Crypto Industry

Binance Research, Stablecoins Show Potential to Grow Crypto Industry (1)

Binance cryptocurrency exchange recently released a report carried out by its marketing research and analysis wing Binance Research, noting an increase in the activities of stablecoins as well as the potential for less risk-averse mainstream companies such as Facebook and Samsung to further the course of cryptocurrency adoption. According to the report, USD-backed stablecoins continue to see growth in adoption …


Is There a Future for the Crypto City

Is There a Future For The Crypto City

With Bitcoin seemingly on the march again, news of yet another smart city planned for construction stirs up the debate; can self-regulating crypto cities become a future reality if cryptocurrencies surpass cash and credit, or must they continue to share the same space. Autonomous and self-regulating crypto environments aren’t simply a pipedream, if not a reality they are becoming the …


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