China’s Digital Yuan Is ‘Long Way’ from Dethroning USD
China’s central bank digital currency (CBDC) does not have the capacity to displace the United States dollar as the reserve currency.
China’s central bank digital currency (CBDC) does not have the capacity to displace the United States dollar as the reserve currency.
In the ruling, Judge Hamilton agreed that the lead plaintiff Bradley Sostack had failed to support two claims relating to a series of allegedly fraudulent statements made by Ripple and Garlinghouse in 2017.
Visa has filed a patent application to the U.S. Patent and Trademark Office (USPTO) to create digital currency on a centralized computer using blockchain technology.
Christopher Giancarlo, the CFTC former head, says that the U.S. should issue the digital dollar to compete with other CBDCs. Giancarlo claims that the CBDC dollar is not a competitor to Bitcoin, Ethereum, TON or Libra.
The attendees of the WEF 2020 have actively discussed the concept of a digital dollar and the necessity to match up to China with its digital yuan.
Former CFTC Chairman Christopher Giancarlo, known as “Crypto Dad”, is set to join Willkie Farr & Gallagher as its senior counsel and to lobby for blockchain-based digital dollar concept.
While the SEC is still in doubts, the CFTC Chairman has a very positive opinion regarding the potential and future of cryptocurrencies,
As the regulatory frameworks around ICOs take shape, the countries with closed doors risk missing out on a technological revolution, says Oleg Poskotin, CEO at Cryptonomos.
The heads of both the institutions sounded much positive on the Blockchain technology and talked about the need of regulatory approach while dealing with cryptos.