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22 September 2020

Blockchain Bites: The SEC's Chilling Effect on Crypto Development - CoinDesk

Blockchain Bites: The SEC's Chilling Effect on Crypto Development - CoinDesk


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CBDC first The Central Bank of the Bahamas has confirmed it is moving ahead with the nationwide launch of its digital currency, called the “Sand Dollar,” sometime in October.

Approximately $48,000 worth of the new central bank digital currency (CBDC) – pegged to the U.S.

If it sticks to its October release, the Sand Dollar will likely become the first CBDC to launch anywhere in the world – it has been suggested China won’t launch its own digital yuan initiative until the Beijing Winter Olympics in 2022, CoinDesk’s Paddy Baker reports. .

Europe’s Markets in Crypto-Assets (MiCA) will provide legal certainty around crypto assets, though may also stifle innovation, CoinDesk’s Ian Allison reports?

Federal Reserve’s rate decision due today, where central bank heads will likely remain committed to letting the economy run hot for the next few years

In that case, bitcoin will likely face selling pressure.

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