“The head of the nonprofit organization behind Facebook’s Libra digital currency has said the company is committed to launching it and clearing regulatory hurdles.
Bertrand Perez, director general of the Libra Association, said the token should appear in the second half of 2020.”
See Also: Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability
Well this escalated quickly.
“French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra.
Le Maire told reporters that he would be discussing the potential for a European public digital currency with his counterparts on the continent next month.”
“Up to now, the economy has done a great job in countering crises and inflation with measures taken by central banks. Once a digital currency provider dominates the market, it will be quite difficult for competitors.
The report, however, notes that in its blockchain strategy the federal government envisions the development of a state-run digital currency.”
“KyberSwap, a non-custodial exchange built on Ethereum has become one of the first non-custodial exchanges (DEX) to roll out a fiat-to-crypto gateway.
The gateway has been launched in partnership with MakerDAO-backed crypto startup Coindirect. The move will allow of the KyberSwap’s users to purchase cryptocurrencies directly with fiat currencies.”
See More: Buy Crypto with Fiat at KyberSwap
“CF Benchmarks has become the first cryptocurrency index provider to be recognized as a Benchmark Administrator under the European Benchmarks Regulation, affirming that financial institutions can use the company’s indices in any European financial products after the BMR takes full effect on Jan. 1, 2020. This marks a first for cryptocurrency companies in the EU.”
“The first of these derivatives will be ‘physically-deliverable, margined bitcoin swaps available for institutional investors, brokers and other eligible contract participants.’
It’s now waiting for approval from the Commodity Futures Trading Commission before it can move to a launch. The firm has previously said it will add instruments for other cryptocurrencies later.”