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RUSSIA’S NEW BILL ON DIGITAL ASSETS
- 4 August 2020
- Posted by: admincryptovalues
- Category: World News
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Decentralized cryptocurrencies will be considered a type of property, which should be reported for tax purposes and cannot be used to pay for goods and services. This is one of the major aspects of the recent crypto bill signed by the Russian President Vladimir Putin. The new bill will come into force in January 2021
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U.S. SENATE TALKS CRYPTO & BLOCKCHAIN
- 6 July 2020
- Posted by: admincryptovalues
- Category: World News
On June 30, the U.S. Senate Banking Committee held a hearing that covered a whole host of policy topics on the digitization of #money and #payments. In what was described as a move closer to the U.S. Digital Dollar, the hearing also covered many hot topics related to the crypto and blockchain space. Chairman Mike
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CBDC WOULD GIVE FED TOO MUCH POWER
- 1 July 2020
- Posted by: admincryptovalues
- Category: World News
According to the American Bankers Association (ABA), a private consortium of American banks, central bank digital currency (CBDC) puts an uncomfortable amount of power in the hands of the Federal Reserve. A CDBC is a currency that is minted and distributed by a central bank. Some designs for central bank digital currencies could either use
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IMF’S TAKE ON CBDC
- 23 March 2020
- Posted by: admincryptovalues
- Category: Central Banks, World News
Tao Zhang’s Keynote about some of the main pros and cons of CBDC and what the IMF is doing in this area. Read the speech HERE. Source: IMF Image credit: TOGO
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LIBRA OR LIBRAE?
- 21 March 2020
- Posted by: admincryptovalues
- Category: Academic World, Cryptovalues News
Basket based stablecoins to mitigate foreign exchange volatility spillovers. In the paper they present a methodology to empirically build a basket based stable coin (a Librae) whose weights can maximize stability over a long time period. The proposed stable coin (Librae) appears to be less volatile than single currencies and, therefore, with respect to single