Libra May be Backed by Few Stablecoins, - Marcus

CEO of Calibra said Libra can include stablecoins based on the dollar, euro, British pound and other currencies
21 October 2019   137

The Swiss Libra Association may launch several stablecoins tied to different fiat currencies at once, Reuters reports with reference to the words of Calibra CEO David Marcus.

Speaking at a banking seminar in Washington, Marcus allegedly stated that instead of a single synthetic currency, Libra can include stablecoins based on the dollar, euro, British pound and other currencies.

At the same time, according to the manager, this proposal is still an idea, not a preferred concept.

The launch of the Libra digital currency is still scheduled for June 2020, but regulators may affect the timing, Markus said.

He also said that the group’s main goal remained to create a more efficient payments system, but it was open to looking at alternative approaches for the currency token it would use.

Last week, the Libra Association approved the charter of the organization and the composition of the board of directors, despite leaving the project PayPal, Mercado Pago, Visa, Stripe, Mastercard, and eBay.

French Gendarmerie to Use Tezos Blockhain

Gendarmerie Cybercrime Division (C3N) is "validating judicial expenses" with Tezos blockchain
21 November 2019   57

The French Gendarmerie Cybercrime Division (C3N) uses the Tezos blockchain. The agency launched its first smart contract in September.

According to a press release, C3N uses blockchain to control the costs incurred during investigations.

Debuting on the Tezos network, this is one of the first examples of a government entity using a smart contract for operational purposes. The new program allows C3N to acquire cryptocurrency from Europol-allocated funds in order to cover operational costs.

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The new program also allows C3N to purchase cryptocurrency with funds allocated by Europol to cover operating expenses.

The statement noted that the smart contract was specifically designed so that C3N confirms costs without the risk of disclosing operational activities and problems for ongoing investigations.