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Systems

Facebook’s Libra Cryptocurrency ‘Will Be Blocked in Europe’

“France has said it will block the development of Facebook ‘s Libra cryptocurrency as it poses a threat to “monetary sovereignty”. At the opening of an OECD conference on cryptocurrencies, French Economy and Finance Minister Bruno Le Maire said: “I want to be absolutely clear: In these conditions, we cannot authorise the development of Libra […]
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Global

Alibaba, Tencent, Five Others To Receive First Chinese Government Cryptocurrency

“China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher. Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in […]
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Systems

China Delays Launch of Digital Currency

“China has ‘no timetable’ for the launch of its digital currency, the governor of the country’s central bank has revealed. The People’s Bank of China (PBOC) released in-depth information earlier this month on how its DC/EP digital currency would work and there has been speculation that it would go live as soon as 11 November […]
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Systems

Coindesk – Leader in Blockchain News.

“In a speech Thursday, First Deputy Governor Denis Beau issued some of France’s strongest comments yet in support of distributed ledger technology (DLT), which he said likely solves many outstanding market issues. One solution France is considering: a central bank digital currency (CBDC). Beau said the eurozone has a responsibility to at least consider a […]