# Russian central bank opposes ruble-pegged stablecoins

# Russian central bank opposes ruble-pegged stablecoins

“# Russian central bank opposes ruble-pegged stablecoins ” Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban private firms from offering stablecoins backed by the…

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# Biden should integrate Bitcoin into US financial system, says Niall Ferguson

# Biden should integrate Bitcoin into US financial system, says Niall Ferguson

“# Biden should integrate Bitcoin into US financial system, says Niall Ferguson ” British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece, Ferguson said Sunday that the current pandemic…

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# Law Decoded: Cents and stability, Nov. 20–27

# Law Decoded: Cents and stability, Nov. 20–27

“# Law Decoded: Cents and stability, Nov. 20–27 ” Editor’s note As many of you were certainly following in real time, a bull market gave way to a bloodbath yesterday, which happened to be Thanksgiving in the U.S. Personally, I’ve never thought that Bitcoin’s price was any sort of proof of its value proposition, but…

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# Exchanges outdo auctions for governments cashing in criminal crypto, says exec

# Exchanges outdo auctions for governments cashing in criminal crypto, says exec

“# Exchanges outdo auctions for governments cashing in criminal crypto, says exec ” Earlier this week, Lithuania’s tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations.  The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In…

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# Economic justice doesn’t need the blockchain, say advisors to ‘The Squad’

# Economic justice doesn’t need the blockchain, say advisors to ‘The Squad’

“# Economic justice doesn’t need the blockchain, say advisors to ‘The Squad’ ” American progressives, particularly the high-profile group of Congresswomen known as “the Squad,” have been highly vocal on questions of economic equity, the corrosive social impact of Big Tech and the need to reimagine fiscal and monetary policy in the post-2008 and post-COVID-19…

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# BIS report suggests ‘embedded‘ monitoring tool for stablecoins

# BIS report suggests ‘embedded‘ monitoring tool for stablecoins

“# BIS report suggests ‘embedded‘ monitoring tool for stablecoins ” Facebook’s proposal for its digital currency, Libra, was a wake-up call for international regulatory agencies, finance ministries and central bankers. All these actors recognized that the company’s reach across its three platforms had the potential to accelerate adoption of a global stablecoin to an unprecedented…

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