German Finance Minister Says Gov’t Cannot Accept Facebook’s Libra Stablecoin
German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook’s proposed Libra stablecoin.
As reported by Reuters, on Sept. 17, German Vice Chancellor and Finance Minister Olaf Scholz said during a panel discussion in Berlin that Facebook’s planned crypto coin Libra will be clearly rejected. He said:
“We cannot accept a parallel currency. […] You have to reject that clearly.”
According to a document, German regulators are working closely with their European and international allies to make sure stablecoins will not become alternatives to traditional currencies. The document reportedly read:
“The Federal Government will work at European and international level to ensure that stablecoins will not become an alternative to official currencies”
The German government has spoken out against Facebook’s Libra project before. On Sept. 13, German parliamentarian Thomas Heilmann stated that the government will block projects like Libra, claiming that the authorities are not planning to allow any market-relevant private stablecoins, following in France’s footsteps. (Neutral)
CBOE Withdraws VanEck, SolidX Bitcoin ETF Proposal From SEC Review
The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has withdrawn its proposal before the U.S Securities and Exchange Commission (SEC) VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF).
On Sept. 17, the SEC published a notice that the CBOE had withdrawn its application for the VanEck/SolidX Bitcoin ETF on Sept.13. Although no reason was given, the decision to withdraw the proposal came just weeks after the firm began offering a limited Bitcoin ETF for institutions.
The SEC had already delayed a decision on the matter, but was facing a final deadline of Oct. 18 to determine whether to approve or reject the Bitcoin ETF. Despite the withdrawal, VanEck’s director of digital asset strategies Gabor Gurbacs stated in a tweet:
“We are committed to support Bitcoin and Bitcoin-focused financial innovation. Bringing to market a physical, liquid and insured ETF remains a top priority. We continue to work closely with regulators & market participants to get one step closer every day.” (Neutral)
Binance.US Opens User Registrations, Excluding 13 States
On September 18, Binance.US, United States branch of major cryptocurrency exchange Binance, announced that the opening of accounts registration will not include New York, Washington, Florida and 10 more states.
According to the blog post published on Sept. 17, registration will start at 8 a.m. ET on Sept. 18 in most U.S. states, excluding the following: Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington. The post continues:
“Although it is upsetting that we cannot offer Binance.US in [these] states […] at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home.”
Once the registration process started, Binance.US will begin accepting inbound transfers of Bitcoin (BTC), Ether (ETH), Ripple’s XRP, Bitcoin Cash (BCH), Litecoin (LTC), Tether (USDT) and USD “upon appropriate account verification.” Additionally, according to the announcement, there would be no trading fees until Nov. 1.
It is also noted that trades on Binance.US will be separate from Binance.com since the former is a separate company, operated by BAM Trading Services. U.S. users’ digital assets will also be stored in Binance.US wallets. (Positive)
Posjetite našu Mjenjačnicu kriptovaluta
- brza i izravna konverzija kriptovaluta za fiat valute i obrnuto
- jednostavna i kvalitetna usluga prema standardima FIMA brenda
- povjerenje temeljeno na dugogodišnjem iskustvu i rezultatima