The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan.
Category: Libra
New name, old problems? Libra’s rebrand to Diem still faces challenges
The Diem Association’s rebrand from Libra was supposed to herald a new day for the project, but a touted 2021 launch may not go as planned.
What Are Stablecoins?
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.
With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto?
Attorney General William Barr tendered his resignation to President Trump last night, opening up the conversation as to how a Biden-appointed successor will handle crypto.
China has no plan to replace USD with digital yuan, former PBoC head says
A former PBoC official says that his country has taken a cautious approach with the digital yuan.
FTC sues Facebook in antitrust lawsuit as regulators mount offensive
Regulators around the globe are increasingly turning hostile to the social media behemoth.
Hundreds of millions of consumers will use digital currencies soon: Circle CEO
Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival.
Facebook hopes to launch its crypto and wallet in 2021, top exec says
The social media giant has rebranded in hopes of scoring regulatory approval.
Carpe ‘Diem’: Lawsuit threatened over Facebook’s Libra rebrand plan
Facebook’s plan to rebrand its stablecoin project from Libra to Diem has been met with legal threats from a small European start-up of the same name.
Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister
German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.