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Cryptopolitan 2019-12-18 11:12:23

BVI-LIFE stablecoin won’t be developed, says BVI government

There won’t be any BVI-LIFE stablecoin. Despite the rumors, the British Virgin Islands has denied that its stablecoin BVI-LIFE will be launched. Barely two weeks ago, an announcement regarding the launch of a digital currency stablecoin called BVI-LIFE was made by the BVI government. They even joined hands with LIFELabs. The currency was to circulate in the British Overseas region. Now, the BVI has taken a u-turn and said that no such token would be launched. The BVI-LIFE stablecoin was to be pegged to the USD, but its ultimate aim was to take the place of the USD. Now, the

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