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Cambodia Plots a Dollar-Free Future With Blockchain-Based Payments: White Paper

Cambodia's central bankers are riding their hopes of de-dollarization on a national payments blockchain: Project Bakong.

By Danny NelsonJun 19, 2020

The U.S. dollar has been Cambodia's de facto currency for decades. (Lightlook/Shutterstock)

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Fed holds rates steady in first decision under new Chairman Kevin Warsh

Traders now turn to Warsh's debut press conference for clues how the central bank's communication will change under his leadership.

4:50 PM

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Crypto industry aghast at Illinois' new tax on holding or transferring digital assets in state budget

The 0.2% tax on any business activity involving digital assets was added last-minute, and is unlikely to change, two people familiar with the matter said.

4:48 PM

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Crypto Long & Short: The measure of a maturing market

In this week's Crypto Long & Short, trusted indexes turn fragmented digital assets into a mature market that big institutions can confidently invest in, writes Kirsten Wegner. Then, the division between traditional finance (TradFi) and crypto is disappearing, says Dave LaValle, President of CoinDesk Data & Indices.

4:13 PM

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Moody’s rolls out credit ratings on Solana in tokenized asset push

The ratings giant is embedding credit scores directly into blockchain-based securities, a move aimed at boosting institutional adoption.

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