Banks have named the risks of issuing a digital ruble | Digest

Major news and quotes of the largest cryptocurrencies.

Cyber ​​risks in the implementation of the digital ruble are similar to the threats that exist with the current organization of cashless circulation, but new ones may also appear, said the Association of Russian Banks (ADB). Banks ranked the risks of obtaining unauthorized access to the client’s electronic wallet, information about the client and his operations to the risks existing under the current system. Among the new risks associated with the emergence of the digital ruble, the Association considers the threat of a weak link – fintech companies, which, as a rule, have an imperfect cyber security system, low qualifications of specialists in the field of security, and the principles of secure development are not followed.

Gary Gensler, who chaired the US Commodity Futures Trading Commission (CFTC) during Barack Obama’s presidency, will be named chairman of the Securities and Exchange Commission (SEC), Reuters reported, citing sources. It is assumed that Gensler will receive an appointment in the administration of President Joe Biden in the coming days. Gensler has previously demonstrated a deep understanding of issues related to cryptocurrencies and blockchain. Gensler also conducted research at the Massachusetts Institute of Technology on the intersection of the fintech sphere and public policy, lectured on blockchain and digital currencies. Gensler refused to agree that cryptocurrencies are a pyramid scheme, and claimed that Diem stablecoin, formerly Libra, is legally compliant with the characteristics of a security.

Payment giant Visa has pulled out of the $ 5.3 billion purchase of fintech startup Plaid. The reason was a lawsuit by the US Department of Justice, which claims that the deal violates antitrust laws and allows Visa to eliminate a competitive threat in the electronic payments market. Plaid co-founder Zach Perret said Visa will partner with the startup as an investor and partner. The US Department of Justice welcomed the companies’ refusal to merge: “With more competition, consumers can expect lower prices and better services.”

The best growth among the top 100 cryptocurrencies showed: 0x (+ 22.34%).

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