Vice President of the Bank of Canada: Mid-sized banks are developing CBDCs on a positive note.

2020-10-16 03:11
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According to the October 16 Cointelegraph, Bank of Canada Vice President Timothy Lane said the Bank of Canada is developing a digital financial institution (CBDC) "on the positive" and needs to consult with Canadians. Expectations of numerical results. He also said that Facebook's efforts to introduce Libra could help improve cross-border payments and that central banks should prepare their own digital advantages if regulators block the Facebook Libra token.

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Bitstamp will report counterfeit insurance products to protect users of crypto assets.
According to an Oct.16 Financial Magnates report, Bitstamp said on Thursday that it had obtained additional security coverage from the global market, which includes digital assets in consumers. Insurance companies have announced that they will launch counterfeit insurance products that protect against offline savings or “cold wallets” to prevent theft or direct loss. Apparently, Bitstamp has selected Paragon International Insurance Brokers and Woodruff-Sawyer & Co., the underwriters involved in the brokerage transactions, to provide insurance policy rights to Lloyds of London.
2020-10-16 02:55