Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers

Tether does not have the fiat reserves to back its tokens, lawyers say



from Cointelegraph.com News http://bit.ly/2V7jzM4
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Central Bank of Spain To Prioritize the Design and Study of a CBDC

The Central Bank of Spain published its Strategic Plan for 2020-2024, describing the objectives and strategies it will follow to boost its economy and adapt the country’s finances to the requirements of the modern era, and a CBDC is one of its priorities. The digital world is stealing the attention of the Spaniards. In its “ Analysis and research priorities for the Banco de España: 2020-2024 “, the Central Bank said it will prioritize the study of the legal, technological and financial framework surrounding the issuance of a possible CBDC to optimize the efficiency of banking processes. Publicamos las prioridades de análisis e investigación del @BancoDeEspana para 2020-2024 en el contexto de nuestro #PlanEstratégico https://t.co/dGbwsx7adc El gobernador #bdeHdeCos lo explica 📽️ https://t.co/81br6OLqpk #bdePrensa pic.twitter.com/iXFdUXPwGf — Banco de España (@BancoDeEspana) October 16, 2020 A Spanish Currency on a Cadena de Bloques ? In a chapter dedicated to the developme...
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