Fed Stands Ready to Replace Infected Greenbacks With Clean Bills

The Federal Reserve is ready to flood the U.S. with coronavirus-free banknotes – but doesn’t anticipate that happening just yet, according to a spokesman for the central bank’s Philadelphia branch. For now, the Fed does not think that “cash destruction” will be necessary to stymie the spread of the novel coronavirus. COVID-19 has quickly overtaken […]

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The Coronavirus API Delivers Vital Statistics Unmediated by Government Hands

The COVID-19 pandemic arrives as Americans’ trust in institutions is faltering. According to a January 2019 Pew Research Center survey, only 35 percent of adults have a great deal or a fair amount of confidence in elected officials to act in the public’s best interest, while fewer than half trust corporate or media leaders.  Further, […]

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As NY Fed Promises More Cash, What Will Christine Lagarde Do?

Bitcoin (BTC) prices slid for a fifth straight day, but the decline paled in comparison with the steep sell-off seen in traditional financial markets. New warnings from authorities over the growing risks from the spreading coronavirus sent stocks reeling, leading to fresh promises of cash injections from the Federal Reserve Bank of New York.  The […]

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YouTube Temporarily Bans Two Popular Crypto Channels Claiming Policy Breach

YouTube has deleted videos and temporarily banned the accounts of two more cryptocurrency enthusiasts citing a breach in company policy. Earlier this week, cryptocurrency educator “Ivan on Tech” and crypto news reporter “The Moon” took to Twitter to express their anger over being censored for what they believed were overreactions by the video sharing platform. […]

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The Dangerous Truth About India’s Cryptocurrency Verdict

Tanvi Ratna is the founder and CEO of Policy 4.0 and works actively with policymakers in India on blockchain initiatives. She was formerly blockchain lead at EY India and a fellow on cryptocurrency regulation at the New America Foundation. Industry watchers cheered on March 6 when the Supreme Court of India struck down the Reserve […]

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Japan Doesn’t Need a Digital Yen, Asserts BOJ Official

Advanced economies such as Japan’s don’t need a digital currency, the deputy governor at the Bank of Japan (BoJ) asserted during a recent meeting. Speaking at the Bank for International Settlement’s recent Future of Payments Forum, Deputy Governor Masayoshi Amamiya argued a Japanese central bank digital currency (CBDC) currently has little merit. CBDCs could greatly […]

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The States Can’t Blockchain – CoinDesk

Preston Byrne, a columnist for CoinDesk’s new opinion section, is a partner in Anderson Kill’s Technology, Media, and Distributed Systems Group. He advises software, internet and fintech companies. His biweekly column, “Not Legal Advice” is a roundup of pertinent legal topics in the crypto space. It is most definitely not legal advice.  I’ll let everyone […]

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‘Crucial’ for Central Banks to Consider Digital Currencies: Bank of England Exec

The Bank of England’s (BoE) chief cashier, Sarah John, has said it is “crucial” that central banks research digital currencies so they can strike a balance with private issuers. John said it was “really important” BoE and other central banks considered whether digital currencies could form the basis of a new payment system and, if […]

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The US Government’s Mixed Signals on Digital Currency Privacy

To look at the U.S. government, it is the best of times and the worst of times for personal financial privacy.  On the one hand, in comments before the Senate Financial Services Committee, Treasury Secretary Steven Mnuchin said his agency’s Financial Crimes Enforcement Network, or FinCEN, is planning stricter regulations on anti-money laundering and crypto.  […]

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LabCFTC Wants to Meet FinTech Startups in New York

LabCFTC, the U.S. Commodity Futures Trading Commission’s (CFTC) financial technology experimentation branch, is holding office hours on April 1, asking local companies to ask questions, discuss issues or present their projects. The CFTC announced Tuesday that participants can register for the office hours by emailing [email protected] (email subject line should say “NYC Office Hours”) “Office […]

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