G20 calls stablecoins a systemic risk – Disaster for Bitcoin and crypto?

G20 calls stablecoins a systemic risk - Disaster for Bitcoin and crypto?

G20 Bitcoin

Source: KrzysztofG – Shutetrstock

  • The G20 Financial Stability Board (FSB) has published a study on stablecoins, according to which they have the potential to be a threat to the global financial system.
  • A ban on stablecoins could have significant consequences for the Bitcoin and the entire markets, given their importance in the crypto ecosystem.

The G20 Financial Stability Board (FSB) has published a study on the challenges that Stablecoins pose for the global economy. The study focuses on regulation and supervision and presents recommendations that financial authorities may need to implement to respond to “a potential threat”. Among the recommendations is the need for cross-border “multilateral action”. The study could be the beginning of a trend with disastrous results for Bitcoin, Ethereum and the major cryptocurrencies.

The FSB is a body that coordinates the activities of authorities and financial institutions around the world, and one of its main objectives is to monitor systemic risk. A major part of its funding comes from the Bank for International Settlements, also known as the Central Bank of Central Banks. Its members include representatives of finance ministries and central banks from all G20 member countries and from international organizations such as the IMF, the BIS, the ECB, the World Bank and the European Commission.

The FSB defines a stablecoin in the report as a crypto-asset that maintains a stable value in relation to a particular asset or pool of assets:

In turn, the value of these assets typically determines or affects the market value of a stablecoin. A stablecoin may also employ algorithmic or other means to stabilise or impact its market value by, for example, automatically adjusting its supply in response to changes in demand.

The study recognizes that stablecoins have great potential to contribute to the development of the global payment system. A stablecoin, such as Facebook’s Libra, could give users around the world greater freedom for low-cost transactions and give millions of people without a bank account access to the international financial system.

However, the study also states that these benefits make stablecoins potentially risky for the financial system and the global economy. The FSB includes among the risks the “substitution of domestic currencies”. Furthermore, it recognizes over 10 threats in different areas ranging from investor protection, financial stability, cyber security, and market integrity, among others.

However, the study also clarifies that, at the moment, there is no stablecoin with the characteristics or capacity to be a threat, but any project in development only needs to have a broad customer base to be a threat, as the FSB explains:

The use of stablecoins as a means of payment or a store of value might significantly increase in the future, possibly across multiple jurisdictions. In addition, the different activities within a stablecoin arrangement, in particular those related to managing the reserve assets, may considerably increase linkages to the existing financial system.

At the macro level, stablecoins could be a threat, the study says, if the number of users adopting them grows and a country depends on this type of assets:

During periods of stress, households in some countries might come to regard [stablecoins]as a safe store of value over existing fiat currencies and exacerbate destabilizing capital flows. Volatile capital flows can have a destabilizing effect on exchange rates and on domestic bank funding and intermediation.

To respond to the potential threat of a stablecoin, the FSB also suggests to authorities that, if they can’t control and regulate fully decentralized stablecoins, they should consider banning them. But at first, they propose to create an increased interagency cooperation for law enforcement. In this area, “sensitive information” may be exchanged between partner agencies. Both measures could affect not only stablecoins, but also Bitcoin and the rest of the crypto market due to its high dependence on stablecoins if implemented.

Follow us on Facebook and Twitter and don’t miss any hot news anymore! Do you like our price indices?

Last Updated on 14 April, 2020

Source: www.crypto-news-flash.com

Author: Reynaldo


What is the best cryptocurrency exchange in 2020?

What is the best cryptocurrency exchange in 2020?

Competition is one of the main elements of the cryptocurrency world. Given that its center is a fully deregulated market, which is normal, we can invest in our preferred cryptocurrencies. In order to participate without wasting our savings, we therefore need a trustworthy exchange that we can work on. Why should we talk about the best cryptocurrency exchange in the world today: Binance.

The best exchange to invest in Bitcoin

Exchange world

Platforms or exchanges for the exchange of cryptocurrencies are one of the cornerstones of the cryptocurrency world. The fact is that over time they have become the meeting point and interaction between different blockchains. By communicating multiple cryptocurrencies in the same market at the same time.

Therefore, the most diverse tokens in the world can be traded with each other, which defines their value and thus the value of the blockchain projects that they represent on the market. Ultimately, this is a means by which all cryptocurrencies [regardless of their value or source] can reach users in the cryptocurrency world.

This does not include the role of exchange for cryptocurrency traders. For those who need to work with cryptocurrency assets, a secure, fast, and easy-to-use platform is needed. You can use them to execute purchase and sales orders and thus generate profits.

Binance adds more fiat currencies to buy cryptocurrencies

In this case there is a currency exchange that is better than all other exchanges. That's why we ranked it as the best cryptocurrency exchange in the world in the cryptocurrency trend. Of course, we are referring to Binance, a stock exchange founded by Changchang Peng Zhao in China, but which has successfully conquered the western market.

This is due to the excellent functions of the platform. Given the lack of regulations affecting the cryptocurrency market, Binance will start with the security that is provided to users to ensure maximum protection against cyberattacks.

To this end, a simple and intuitive user interface is added that allows anyone with the least understanding of how the cryptocurrency market works to use the exchange.

It also highlights the speed at which operations are performed so users can take advantage of the ability to appear in the cryptocurrency market in milliseconds. Of course there are different financial products.

Nevertheless, Binance enables its users to work with hundreds of different cryptocurrencies on its platform. Maximize the interaction between tokens and the number of investment strategies that traders can implement.

This does not mention its own platform for the sale of futures contracts on Bitcoin, Binance Futures. The fastest growing stock exchange for Bitcoin derivatives in recent months.

With all these functions, Binance was able to stand out from the competition. Offer high quality services and the user experience will be smooth from the day you register on the website. And master all the tools to make a profit.

So we assigned it to the name of the best cryptocurrency exchange in the cryptocurrency trend, which makes no sense.

End this week's fast news cycle using blockchain technology. HTC announced the smartphone blockchain and more.

Today we bring you the latest news from TRON [TRX]: Announcement by Justin Sun [Sun Yuchen], Announcement by Poloniex and upcoming expectations

Halving Bitcoin Cash is over and now we see the ramifications. Does the lower percentage of hash rate, surrender of miners and lower prices cause losses in the exchange of biosafety information?

CasperLabs, the company behind the development of Ethereum 2.0, dared to start its own blockchain using BitMax.

After Halving Bitcoin Cash had a terrible impact on its mining ability, Roger Ver announced on Twitter that the Biosafety Information Exchange was stronger than Bitcoin.

Information source: compiled from 0x information from CRYPTOTENDENCIA. The copyright lies with the author and may not be reproduced without permission

Click here to read on

Source: de.0xzx.com


What is the best cryptocurrency exchange in 2020?

Subscribe to read | Financial Times

Not sure which package to choose?
Try full access for 4 weeks

  • For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business news
  • Be informed with the essential
    news and opinion

  • MyFT – track the topics most important to you
  • FT Weekend – full access to the weekend content
  • Mobile & Tablet Apps – download to read on the go
  • Gift Article – share up to 10 articles a month with family, friends and colleagues
  • FT Newspaper delivered daily plus unlimited digital access

  • The FT delivered to your home or office Monday to Saturday, including the FT Weekend paper and supplements
  • Premium FT.com access for multiple users, with integrations & admin tools

  • Convenient access for groups of users
  • Integration with third party platforms and CRM systems
  • Usage based pricing and volume discounts for multiple users
  • Subscription management tools and usage reporting
  • SAML-based single sign on (SSO)
  • Dedicated account and customer success teams
  • Source: www.ft.com


    BREAKING News! Cryptos w/ Possible Ties to TESLA!?

    BREAKING News! Cryptos w/ Possible Ties to TESLA!?

    Опубликовано: 14 апр. 2020 г.

    Tesla is piloting a blockchain program at one of it’s Gigafactories! Which crypto projects could be involved with Elon Musk & Tesla diving into the blockchain space!? Cargosmart is the company bringing the technology…but who is behind Cargosmart? Today, Chico Crypto brings you one of his best researched videos connecting two of the largest blockchain consortiums together from the East and West. That connection possibly brings it right back to some altcoins in the crypto space. Which ones? You gotta tune in to find out!

    👌Subscribe to The Chico Channel–https://www.youtube.com/channel/UCHop…

    ⏰ Time Stamps ⏰
    00:08 Introduction: You Know Our Down Under
    01:07 Chico Dropping A Research Bomb!
    01:44 Tesla Pilots Supply Chain Blockchain Program
    02:41 Who Was This Blockchain Pilot With?
    03:40 Cargosmart & Global Shipping Business Network (GSBN)
    04:41 eTradeConnect. Who Is This?
    06:30 Ping An Group? Who Is This? Onceconnect?
    07:40 FiMAX S3C Blockchain
    08:21 Baseline Protocol & FiMAX S3C Connections?
    09:16 FiMAX Is Built Off Hyperledger!
    09:51 FiMAX Built by Hyperledger Fabric Co-Founder
    10:30 John Wolpert Co-Founder of Hyperledger
    11:27 The Blockchain Involved with Baseline?
    11:43 Shipchain??
    12:00 Concluding Thoughts

    📺Watch These Videos Again📺
    The Digital Dollar Is Coming! Crypto Projects Involved Are…??
    https://www.youtube.com/watch?v=EWSfC…
    Ethereum the Better Buy than Bitcoin? BTC to DeFi Soon!
    https://www.youtube.com/watch?v=mURgL…
    Salute the Shorts. From Stocks to Bitcoin. It’s Going Down!
    https://www.youtube.com/watch?v=FQAyM…

    🤫►► ► Chico Crypto Exclusive Links ◄◄◄🤫
    🔥Join The Chat On Telegram: https://t.me/chicocrypto1
    👉🏻Follow Me On Uptrennd: https://www.uptrennd.com/user/NzA3Mzk=
    📷Follow Me On Instagram: https://www.instagram.com/chicocrypto…
    🧨Follow Me On Twetch: https://twet.ch/inv/chicocrypto
    👌👌Subscribe to The Chico Channel–https://www.youtube.com/channel/UCHop…

    💼Business Inquiries💼
    [email protected]

    WARNING:I WILL NEVER CONTACT PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED ABOVE FIRST AND THEN VERIFY MY IDENTITY BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO or OTHER MEANS!

    💥Buy A Ledger & Keep Your Crypto Safe💥
    https://www.ledger.com/products/ledge…

    🔒Buy A Trezor & Keep Your Crypto Safer🔒
    https://shop.trezor.io/product/trezor…

    👍Download The Brave Browser $BAT & Support Crypto!
    https://brave.com/chi034

    📚 📚Educational links and crypto resources for starting in cryptocurrency
    Check the prices and stats of the most popular cryptocurrencies with Coinmarketcap https://coinmarketcap.com/
    What is Bitcoin, altcoins, Ethereum and other cryptocurrencies https://www.coindesk.com/information/…

    🏺Cryptocurrency Donations Support The Channel!!🏺

    BTC: 3ArFPC5ik9tBy8ART6R2X59qiNXatw5EAG

    ETH: 0xF1d402C0175a9fa80dD770e82fa0BD50FDab0EbD

    BITCOIN CASH: 1DPJstcTeHzDbSd1aeeAnwUBNfJWFPN

    #Tesla #blockchain #bitcoin #btc #altcoin #altcoins #shipchain #chainlink #unibright #hyperledger #chico #crypto #cryptocurrency #ethereum #eth

    **Disclaimer**
    Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

    This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.

    Source: www.youtube.com


    BITCOIN MAJOR CRASH or NEW HIGHS NEXT?! 💥 LIVE Crypto Analysis TA & BTC Cryptocurrency Price News

    BITCOIN MAJOR CRASH or NEW HIGHS NEXT?! 💥 LIVE Crypto Analysis TA & BTC Cryptocurrency Price News

    Опубликовано: 14 апр. 2020 г.

    Bitcoin Price Analysis & Crypto News! 👍 THUMBS UP & SUBSCRIBE NOW + 🔔!
    *** VIP PRIVATE TRADE ALERTS – https://t.me/VIPELITE ***
    ******* VIP ELITE TRADE ALERTS *******

    ************** 2020 VIP ELITE INFO:**************

    🏆 VIP PRIVATE TRADE ALERTS – https://t.me/VIPELITE

    **************

    🎉 Announcements: https://t.me/AltCoinParty

    **************

    Is the Bitcoin (BTC) price potentially headed towards a major crash or new highs next, in my opinion?! Let’s discuss this live today and some cryptocurrency trading technical analysis (TA) + speculative price prediction(s) + current 2020 market news for cryptos in today’s video/live stream!

    😈 Let’s get this crypto!

    🔔 Subscribe today! 🔔

    Disclaimer: The content covered in this video/live stream is NOT to be considered as investment advice. I’m NOT a financial adviser. These are only my own personal and speculative opinions, ideas, theories, hypotheses, charts, technical analysis (TA), insights, curated news publications and price prediction(s). The technical analysis in this video/live stream is completely speculative and does NOT guarantee any specific result or profit. The technical analysis in this video/live stream has NO proven rate of accuracy and past performance does NOT indicate future results. Do NOT trade or invest based upon the analysis presented in this video/live stream. Always do your own research and only invest solely based on your own findings and personal judgement after consulting with a professional/licensed financial adviser. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy or sell any asset, security commodity, derivative or cryptocurrency related instrument. I’m NOT a broker. I DON’T recommend or endorse the use of any brokerages or trading exchange platforms. Trading and/or investing in cryptocurrency and/or any related commodities/securities/derivatives/instruments is extremely HIGH RISK and you can very easily lose all of your investment capital! You should always consult with a professional/licensed financial adviser before trading or investing in any asset, security, commodity, derivative or cryptocurrency related instrument! I will NOT be held liable for any of your personal trading or investing decisions or any losses/damages that you may incur if you decide to speculate in the market. This video/live stream is purely for entertainment purposes only! —

    #Bitcoin #Crypto #Cryptocurrency #BTC #CryptoNews #BitcoinNews #CryptocurrencyNews #BitcoinToday #BitcoinAnalysis #BitcoinPrice #BitcoinLive #BTCUSD #Altcoins #Altcoin

    Source: www.youtube.com


    G20 calls stablecoins a systemic risk - Disaster for Bitcoin and crypto?

    Previous
    Crypto newsThis Crypto Could “Launch” Higher as it Forms Highly Bullish Technical Pattern
    Next
    Crypto newsEthereum Firm Launches Controversial Product, and the Crypto Community Isn't Pleased
    Did the article help? Rate it
    1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
    Loading...
    Add comment

    Get Awesome Reviews

    Coins, exchanges, wallets, crypto games, crypto cards.
    Search for reviews and share your own experience.

    GO TO REVAIN