The inclusion of the ilyRMB in the International Monetary Fund’s (IMF) Special DrawingRights (SDR) basket means that the currency is “freely usable,” said a senior IMF officialon Oct. 5. Source People’s Daily
The biggest U.S. bank said it developed a prototype digital coin that it plans to use to speed up payments between corporate customers. The token, dubbed JPM Coin, is based on blockchain technology, a decentralized public ledger of transactions that offers more speed because it doesn’t rely on a central record keeper. Source: Bloomberg
French schools are to replace the words “mother” and “father” with “parent 1” and “parent 2” under a controversial same sex amendment to a law passed this week. Source: Telegraph
FCA Group, Ford and Volkswagen led a 4.6 percent decline in European car registrations in January, industry data showed, dampened by an economic slowdown in euro zone economies and consumer jitters over Brexit and trade. Source Reuters
