Daily Archives: 30/10/2020

Aave Developers Transfer Protocol Control to LEND Token Holders

The developers of the DeFi Aave project announced the transfer of rights to manage the protocol to the LEND token holders. Aave has become the largest self-governing decentralized finance protocol. The administrative keys to the protocol were originally in the hands of the Aave team. However, the project has now reached the stage where the management of the protocol can be transferred to the shoulders of the community and Aave can be truly decentralized. For…

Former PBOC CEO: “digital yuan will prevent dollarization of the economy”

Former head of the People’s Bank of China (PBOC), Zhou Xiaochuan, said the digital yuan will develop retail payments in China and prevent dollarization of the economy. The President of the Chinese Finance Association said this at the Eurasian Forum. Zhou Xiaochuan said China’s central bank views government cryptocurrencies differently from the G7 countries, which include Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Regulators in these countries are focused on…