Myanmar’s shadow government, the National Unity Government (NUG), made up of ousted leader Aung San Suu Kyi’s supporters has recognized stablecoin tether (USDT) as its official currency, according to a Bloomberg report on Monday.NUG’s Finance Minister Tin Tun Naing said in a Facebook post that the NUG will now accept the dollar proxy, USDT, for “domestic use to make it easy and … [Read more...] about Mynamar’s Shadow Government Adopts Tether as Official Currency: Report
Official
Former U.S. official criticizes SEC crypto regulations
In their bid to better understand the crypto industry and its operations, US lawmakers invited the chief executive officers (CEO) of some leading crypto exchanges to a major hearing tagged “Digital Assets and the Future of Finance: Understanding Innovation in the United State.”Brian Brooks criticizes SECOne of the invited executives was the pro-crypto former head of the United … [Read more...] about Former U.S. official criticizes SEC crypto regulations
Australian official who owns Ethereum says it is no threat to the country’s financial system
According to the Reserve Bank of Australia (RBA) head of payments policy Tony Richards, cryptocurrencies are not posing a threat to the central bank operations.The soon to retire central bank official, who admitted owning a crypto wallet since June 2014, doesn’t see cryptocurrencies endangering the Australian dollar.Crypto is no threat to Australia’s monetary sovereignty“I … [Read more...] about Australian official who owns Ethereum says it is no threat to the country’s financial system
Institutions Snap Up Ether $5K Call, Bitcoin Risks Double Top as RBA Official Warns of FOMO Meltdown
“Aside from activity in the $5,000 and $6,500 calls, we also saw interest in calls at $7,000, $10,000, and $12,000 strikes,” Chu added. Ether’s options market has consistently seen bullish flows over the past month, barring Monday’s large trade in the put options or bearish bets at $3,000 and $4,000 strikes. Source link … [Read more...] about Institutions Snap Up Ether $5K Call, Bitcoin Risks Double Top as RBA Official Warns of FOMO Meltdown
RBA Steps Up CBDC Research, But Is Not Convinced There Is a Policy Case Yet: Official
The Reserve Bank of Australia has been ramping up research into central bank digital currencies (CBDCs), but is not convinced “that a strong policy case has emerged in Australia,” said Tony Richards, Head of Payments Policy at the RBA.Australia’s current payment infrastructure provides consumers with ample safe and convenient options, Richards said, addressing the Australian … [Read more...] about RBA Steps Up CBDC Research, But Is Not Convinced There Is a Policy Case Yet: Official