Gary Gensler is currently leading Biden's financial policy transition team. Gary Gensler, former CFTC chairman and U.S. Deputy Treasury Secretary, is also a senior advisor to MIT Media Lab's digital currency progradigital currency serversm.
Facebook Libra looks for more administrative approval, with conditions for an increase in the proportion of the dollar in its anchor basket. He said that so far, Libra has also been questioned in the United States, including politicians and government departments from the United States. But beyond the rules and regulations, what can move the American government and politicians? I think it should be the national economic and financial strategy. Geopolitics, or economic and financial competition among big powers, may allow the United States to approve Libra conditionally.
Lin Wu, member of the National Committee of the Chinese people's Political Consultative Conference and chairman of the Guangdong Hong Kong Macao Development Research Institute of Sun Yat sen University, said at the digital currency serversthird Guangdong Hong Kong Macao big bay financial development forum that we should plan the digital currency pilot area in Dawan district. He believed that the innovation of digital financial service system will help to improve the internationalization level of RMB in Dawan district.
Deutsche Bank research has released a new economic assessment. The report points out that the epidemic has accelerated the digital cash revolution. In the long run, this revolution will eventually enable cbdcs such as China's digital RMB or Sweden's e-krona to replace cash. In the report, Deutsche Bank also warned European policy makers that there would be risks in the future if they did not develop their own central bank digital currency program in response to positive developments in this area in China and Sweden.
Zengo view more already supports the digital currency launched by Facebook. Libralibralibra's mission is to build a simple, borderless currency and financial infrastructure for billions of people. They are striving to create a new decentralized blockchain, a low volatility cryptocurrency and a smart contract platform, in order to open up innovative opportunities for responsible financial services innovation. They believe that more people should have access to financial services and cheap capital, and that everyone has the inherent right to control the fruits of their legitimate labor. They believe that open, immediate and low-cost global currency flows will create great economic opportunities and business value for the world, and that people will increasingly trust decentrdigital currency serversalized management. The global monetary and financial infrastructure should be designed and managed as a public good. Everyone has a responsibility to help promote financial inclusion, support users who abide by Internet ethics, and continue to maintain the integrity of this ecosystem. Facebook Libra view more test network, you can transfer and collect money. Because it is a test network, the funds held are of no practical value and are only for testing purposes. According to zengo's article, Calibra, Facebook's own wallet, will be a hosted wallet, but zengo will be an unmanaged wallet, and zengo's keyless scheme will provide a simple user experience. Lianwen has reported that zengo, a cryptocurrency mobile wallet, has obtained an investment of 4 million US dollars. European investment banks Benson oak, Samsung and elron have participated in the investment. Through the multi signature system, zengo only needs to carry out face recognition when transferring money. The signature process is only carried out in the back-end. The user's encrypted shared copy is stored on the zengo server, and the decryption code is stored in the user's icloud account.
Benoॕtc œ ur é, chief executive officer of the innovation center, said that with this expansion, the innovation center will well promote a series of work of great importance to the central bank, including digital currency and digital payment, network security, distributed ledger Technology (DLT) and artificial intelligence, which also proves the central bank's commitment to innovation and cooperation.