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Stablecoin ‘Structure’ Determines If It’s a Security

International securities regulator International Organization of Securities Commission (IOSCO) suggested that some stablecoin implementations are securities. In a statement released on Nov. 4, IOSCO informed the public that on Oct. 30 its board met to — among other purposes — discuss stablecoins and the potential application of securities market regulations.  IOSCO’s stablecoin market research The…

Turkey to Finish Testing Digital Lira in 2020

Turkey’s President Recep Tayyip Erdogan directed that the government should finish testing the national central bank digital currency (CBDC) in 2020. The country’s national blockchain-based digital lira is planned to be issued by the Central Bank in accordance with the 2020 Annual Presidential Program, Cointelegraph Turkey reported on Nov. 5. Digital lira ‘instant payment’ pilots…

How Blockchain Disrupts Global Business | Sibos 2019

Blockchain technology is reshaping the face of our global financial system, and it goes far beyond cryptocurrencies alone. Since Bitcoin’s arrival, the conventional finance world has been intrigued by blockchain, Bitcoin’s underlying disruptive technology. Now we are seeing that intrigue being transformed into a full-fledged and active public interest, and the potential onset of popular…

Barely Any Hong Kong Crypto Funds Being Approved for Licenses

One year after launching a trailblazing licensing scheme for cryptocurrency fund managers, Hong Kong’s securities regulator has issued few and far between.  According to a Reuters report on Nov. 5, the licenses introduced by Hong Kong’s Securities and Futures Commission (SFC) in October 2018 have apparently led to few approvals, with reporters succeeding to independently…

Coca Cola Using Blockchain for $21-Billion-Per-Year Network

Coca Cola’s bottlers are implementing blockchain technology to manage their cross-party transactions. A Business Insider report on Nov. 6 revealed that Coke One North America (CONA) — the tech firm that manages IT operations for the soda giant’s bottlers — is using a blockchain solution developed by German software firm SAP to manage its supply…

China Will Avoid Blockchain’s ‘Decentralizing Aspects’

China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin. In an interview for CNBC’s Squawk Box Asia on Nov. 6, Lubin argued that the People’s Bank of China (PBoC) has little to gain — for its purposes — from the decentralized aspects of the technology. “There’s…

Bitcoin Price Posts Strong Weekly, Monthly Closes — Traders Eye $11.9K

Crypto traders fully understand that there is never a boring day in the sector and the month of November started with a handful of tantalizing news stories. On Nov. 4, Bloomberg reported that two university researchers concluded that the entire 2017 Bitcoin rally to $20,000 was driven by one solitary whale.  The next day the…

US Federal Reserve Hiring New Manager to Research Digital Currencies

The United States Federal Reserve is hiring a manager for its Retail Payments section in Washington, D.C. On Nov. 3, the U.S central bank posted a new job opening to its website, looking for a new manager who is expected to contribute to the research of digital currencies, stablecoins and distributed ledger technologies.  Besides the…

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