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Cryptocoins News / Blockchain  - 3 years ago

Hong Kong Politician Seeks DeFi-Based Stablecoin CBDC

Hong Kong authorities are currently considering issuing a CBDC as a government-backed stablecoin. Wu Jiezhuang, a Legislative Council member of the Hong Kong Special Administrative Region, thinks converting e-HKD into a stablecoin will mitigate Web3...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi

A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins. Hong Kong authorities ar...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale

Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable. Jud...

Cryptocoins News / Blockchain  - 3 years ago

The Judge Decides Celsius Owns Money In Earn Accounts, Allowing Stablecoin Selling

On January 4, Reuters reported that US investigators had told a court that they were taking assets tied to FTX and its former CEO, Sam Bankman-Fried. The document included 468 million dollars' worth of Robinhood shares, valued 56 million at the time....