Quote from: d_eddie on Today at 11:46:18 AM

Quote from: Biodom on September 11, 2020, 10:10:13 PM

EU developments:

https://www.euractiv.com/section/economy-jobs/news/leak-eu-to-create-superbody-of-watchdogs-to-oversee-digital-currencies/

Interestingly,

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The rules also impose the prohibition of granting any interests to holders of these digital assets.

This would cause a huge move of btc into US-based interest-generating custodial accounts (such as blockfi and celsius, maybe even Coinbase/Kraken)

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The draft text also obliges the Libra Association and the issuers other significant e-money tokens, to redeem, at any moment and at par value, the monetary value of the e-money tokens if the holders decide, either in cash or by credit transfers. The rules also impose the prohibition of granting any interests to holders of these digital assets.

In this context, it looks sane to me. Tolerably so, at least. You issue tokens, they must be backed by something.

For tether, is the something what exactly?

Lol