FATF: stablecoins can be used to launder money

FATF: stablecoins can be used to launder money
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2020-7-12 14:31

The international Financial Action Task Force announced it sees high risks of using stablecoins in money laundering and terrorist financing. FATF calls for stronger industry regulation.

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Crypto Isn’t Sound Money, Says Swiss Central Bank Official

Swiss central bank official Thomas Jordan says crypto isn’t sound money but stablecoins have the potential to see widespread adoption. Crypto Won’t See Mainstream Adoption Speaking during a recent event at the University of Basel, Jordan — chairman of the governing board of the Swiss National Bank (SNB), argued against the value proposition of crypto as currencies.

2019-9-19 17:00


Bitcoin Killer? What’s New And Old With BitTorrent Inventor Bram Cohen’s ‘Chia’

If you ask its official website, Bram Cohen’s Chia project is the first “enterprise” digital currency. Forget Ripple, Stellar, or the host of stablecoins launched over the past couple years. It’s Chia – the “green” crypto project developed in answer to the question of Bitcoin’s high resource usage, which is the first enterprise-grade cryptocurrency.

2019-4-3 11:30


Ôîòî:

The Daily: Rethinking Bitcoin’s Market Cap, ICOs Printing Money

Welcome to a new week crammed with new ways of thinking about Bitcoin and its fellow cryptocurrencies. To kick things off, today’s edition of The Daily details three big-hitting topics: Is it time to find a more accurate metric than market cap for measuring cryptocurrencies? Why are venture capital funds so enamored with stablecoins right […] The post The Daily: Rethinking Bitcoin’s Market Cap, ICOs Printing Money appeared first on Bitcoin News.

2018-9-24 11:10


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


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