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3) For purposes of this paragraph (eee), convertible virtual currency means a medium of exchange (such as cryptocurrency) that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status.
Crowdfund Insider 10/21/2020 21:51
The Commodity Futures Trading Commission (CFTC), Division of Swap Dealer and Intermediary Oversight (DSIO) has issued an advisory to futures commission merchants (FCMs) regarding the holding of virtual currency in segregated accounts.
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Bitcoins Channel 10/26/2020 05:37
Digital currency could create value, and we should think about how to establish a new type of financial system through digital currency.
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National Law Review 10/23/2020 15:26
The advisory, Letter No. 20-34, provides guidance to FCMs on how to hold and report certain deposited virtual currency from customers in connection with physically delivered futures contracts or swaps and how to maintain appropriate risk management programs concerning the acceptance of virtual currencies as customer funds.
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Forbes 10/23/2020 15:22
A Central Bank Digital Currency (CBDC) being deployed by China could have immense implications for the role of the Dollar as the global reserve currency and the political stability of the US-Chinese relations.
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PYMNTS.com 10/26/2020 04:00
Of course, along one avenue: the Fed has said it is teaming up with MIT to explore the infrastructure that might underpin digital currencies, and in particular, the digital dollar.
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The Sand Dollar was made available to the entire population of the country of around 393,000 on Oct. 20, making Bahamas the first country to roll out a central bank digital currency (CBDC) nationwide.
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Al Bawaba (Algeria) 10/22/2020 02:00
The central banks across various jurisdictions are increasingly looking at digital currencies (CBDCs) as an option; even as they are carefully considering the potential challenges and implications on the financial and monetary systems, according to panelists at the World Alliance of International Financial Centers (WAIFC) annual meeting...
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CoinDesk 10/26/2020 11:55
Balance sheets are for digital money what safes and vaults are for banknotes and coins: a place where you can put your money to keep it safeguarded.
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Financial Post (Canada) 10/21/2020 13:03
Singapore, Oct. 21, 2020 (GLOBE NEWSWIRE) — (via Blockchain Wire) Chainstack and Cordite Society are today announcing a partnership to make Cordite XDC nodes available to enterprises and innovators of any size through the Chainstack’s turnkey blockchain managed services platform.
CoinTelegraph.Com 10/22/2020 01:16
Zhao responded that any blockchain or digital currency would be good for the industry overall as it legitimizes digital assets and broadens awareness.
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