Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan. The public nature of this announcement did bring questions to the fore regarding…

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ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years

Dutch bank ING’s chief economist has said “fully fledged” digital currencies will developed by central banks in just two to three years. Mark Cliffemight, speaking in an ING video published Friday, argued that the Facebook-led Libra cryptocurrency project is putting pressure on monetary authorities. With Libra slated for launch in 2020, central banks “would have” to make…

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Ex-Fed Official: Ending US Dollar Dominance for Crypto Makes No Sense

Ex-United States Federal Reserve official Simon Potter has said that proposals to end the U.S. dollar’s dominance by replacing it with a digital currency make no sense. Central banks unlikely to coordinate Last month, Governor of the Bank of England Mark Carney suggested ending the U.S. dollar’s dominance by replacing it with a digital currency, such as…

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Cartoon: A Question of Trust

Bitcoin has successfully gained the trust of its community, while Facebook has a challenge ahead. According to a survey by CivicScience just 2 percent of respondents felt they could trust Facebook’s libra digital currency and its wallet more than bitcoin. As in the legend of William Tell, Mark Zuckerberg better prove to be a good…

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