| There is a possibility of delaying the release of Libra; the IMF proposes two options for stablecoin regulation

秦晓峰

Odaily资深作者

@QinXiaofeng888

2019-09-29 08:06 (UTC+8)

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Nearly 50% of exchanges have less than half of their real trading volume.

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Nearly 50% of exchanges have less than half of their real trading volume.

headlines

The launch of the cryptocurrency could be delayed due to regulatory concerns around the world, Bertrand Perez, executive director and chief operating officer of the Libra Association, told Reuters. "When we announced it in June, that was our goal, but a delay of one or two quarters is not a problem," Perez said of Libra's 2020 launch plans. (Reuters)

digital currency

TokenInsight Report: Nearly 50% of exchanges have less than half of their real trading volume

On September 27, TokenInsight released the report "Real Trading Volume of Exchanges" (Part 1). According to the report, 36% of the exchanges (11) have a real trading volume ratio higher than 80%; nearly 50% of the exchanges (14) have a real trading volume ratio of less than half. It is worth noting that more than 25% (8) of the exchanges had real trading volumes that accounted for less than 20% of their reported trading volumes.

In this round of BTC crash, most of the sellers held their positions for no more than 30 days

Glassnode, an on-chain market information analysis company, said that in this week's bitcoin crash, most sellers held their positions for no more than 30 days. The sell-off is not from long-term holders, but short-term holders. (ZyCrypto)

Cryptocurrency trader Luke Martin said that Bitcoin is expected to recover and rise to $9,000 after falling 23%, which will relieve some pressure on the cryptocurrency market. Martin believes that, historically, the opening of new contracts for Bitcoin futures on the Chicago Mercantile Exchange (CME) has had a positive impact on BTC’s price action. Last month, for example, bitcoin rallied 11 percent against the dollar a week after the new CME bitcoin futures contract opened. (CCN)

John McAfee, the father of antivirus software, announced the cancellation of the Freedom Coin project

The father of antivirus software and cryptocurrency proponent John McAfee said in a recent interview that the Freedom Coin project will be canceled due to a sudden change in plans and his personal life situation. (AMBCrypto)

Bytom Announces Personnel Adjustment Notice: Lang Yu as CEO and Zhu Yiqi as CTO

Blockchain application

The comprehensive tax and payment platform for the tax, treasury and bank of Fujian Province was officially launched, and it was connected to the application of blockchain electronic payment voucher technology

On September 27, the comprehensive tax and payment platform for the convenience of the people of the Fujian Provincial Tax Bank was officially launched. The platform has access to the blockchain electronic payment voucher technology. Starting from next month, after the payment is completed, the payer can download the stamped electronic payment voucher through the mobile phone. (Xinhuanet)

American nanomaterials company QMC launched an anti-counterfeiting solution combining nanotechnology and blockchain

global policy

The IMF proposes two options for stablecoin regulation, one of which is to require suppliers to use central bank reserves to back their stablecoins

IMF Proposes Two Options for Stablecoin Regulation

On September 26, the official website of the International Monetary Fund (IMF) issued a document stating that it is doubtful whether stablecoins are indeed stable. The IMF article mentioned two options: One option is to require stablecoin suppliers to hold safe, liquid assets and sufficient net asset value to protect stablecoin holders from losses. Another option is to require stablecoin providers to fully back their stablecoins with the safest and most liquid asset — central bank reserves. Clearly, doing so would enhance the attractiveness of stablecoins as a store of value. It would essentially turn stablecoin providers into narrowly defined banks — institutions that don’t lend, but hold central bank reserves. It will also intensify competition with commercial banks for customer deposits. (IMF official website)

A deputy minister appointed by Ukraine's Ministry of Digital Transformation recently confirmed that one of the agency's top goals is to legalize cryptocurrencies. Additionally, the government plans to move public registries and documents to a state-owned distributed ledger system. (Beincrypto)

Iranian Mining License Process Has Not Been Officially Approved, Iranian Miners Still Face Fines and Even Jail

Investment and Financing

Germany's SAP will invest more than 200 million euros in the construction of AI, blockchain and other technology development centers

TenzShield Receives $5 Million Strategic Investment from Nine Institutions

Character·Voice

ECB President: Stablecoins and cryptocurrencies cannot be suitable currency substitutes

On September 27, Mario Draghi, President of the European Central Bank (ESCB), said that the ESCB is analyzing encrypted assets and stablecoins to understand their potential impact on monetary policy, the security and efficiency of payment and market infrastructure, and the stability of the financial system . So far, however, stablecoins and cryptoassets have had limited impact in these areas and have not been designed in such a way that they are suitable substitutes for money. (Cointelegraph)

SNB Governing Council Alternate Member: Cryptocurrencies Could Be Destructive for Banks

Moser, an alternate member of the Swiss National Bank's Governing Council, said that he is not surprised that the central bank will issue its own digital currency in the next year. He also said cryptocurrencies could be disruptive to banks. (Golden Ten)

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