2022-8-13 17:11 |
Will central banks allow stablecoins to survive? Can they peacefully co-exist with central bank digital currency as a financial instrument for the unbanked? origin »
2022-8-13 17:11 |
Will central banks allow stablecoins to survive? Can they peacefully co-exist with central bank digital currency as a financial instrument for the unbanked? origin »
A senior central banker reckons state backed digital currencies are a better bet to make cross-border transactions quicker and cheaper – or just stitching together existing networks
2022-8-2 15:41 | |
The European Central Bank’s (ECB) latest study regarding an ideal cross-border payment system claims central bank digital currencies (CBDCs) are superior to Bitcoin, stablecoins, and other traditional banking means including SWIFT.
2022-8-2 15:30 | |
The MAS is reviewing a regulatory regime targeting risks involving stablecoins, the minister in charge of the bank said.
2022-8-2 15:27 | |
The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.
2022-7-15 23:00 | |
A representative of the Central Bank of Russia (CBR) said private stablecoins are fraught with risks as the underlying pool of assets “does not belong to the owner. ” In turn, this potentially means face value redemptions are not guaranteed.
2022-7-15 18:00 | |
Venture advisor for Presight Capital Patrick Hansen shared the results of three new research articles on Bitcoin and crypto’s climate risk, decentralized finances (DeFi), and stablecoins. Published by the European Central Bank (ECB), the articles highlight the approach adopted by the financial institution regarding the nascent asset class.
2022-7-13 01:00 | |
Russia's central bank sees the digital ruble as the only technological payment option to support.
2022-7-13 12:09 | |
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system.
2022-7-7 06:26 | |
Frax Finance is a decentralized protocol that can be thought of as a fully autonomous, on-chain central bank issuing and controlling the monetary policy of a fractional-algorithmic stablecoin called FRAX....
2022-6-4 17:02 | |
UK government wants to empower BoE to oversee administration of companies whose stablecoins have failed
2022-6-1 17:39 | |
A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee of Financial Services on Thursday.
2022-5-27 18:42 | |
Cryptocurrencies, in particular stablecoins, could lead to an undesired “dollarization” of the economy, India’s central bank warned a parliamentary panel. The post Crypto Could Lead to ‘Dollarization’ of Economy, Says Indian Central Bank appeared first on BeInCrypto.
2022-5-16 19:30 | |
The Bank of England (BoE), the United Kingdom’s central bank, has reportedly begun developing a new framework aimed at bringing cryptocurrencies and stablecoins into various existing regulatory fields.
2022-3-25 06:00 | |
Hirees will build expertise in areas such as DeFi, NFTs, stablecoins and central bank digital currencies, according to the payment giant’s job listing.
2022-3-15 22:34 | |
Elrond's main goal is to implement Twispay's e-money license for issuing stablecoins that can be used in the European Union.
2022-3-10 13:37 | |
The Central Bank of Russia (CBR) maintains this stance despite the present economic downturn.
2022-3-7 18:09 | |
A new report from consulting firm Ernst&Young highlights the need for bank policy changes to address the challenges posed by central bank digital currencies and stablecoins.
2022-1-19 15:12 | |
On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC).
2022-1-14 17:46 | |
Crypto investors know well by now that institutions like the European Central Bank [ECB] are suspicious of stablecoins and often warn of their risks. On 10 December, Fabio Panetta, an executive boaThe post CBDC: European Central Bank exec worries digital euro may hurt foreign currencies appeared first on AMBCrypto.
2021-12-11 02:30 | |
Andrew Bailey, the Governor of Bank of England, yet again shared his criticism of stablecoins as he said that he did not believe that stablecoins are likely to evolve into safe, regulated money, which means central bank digital currencies (CBDCs) will more likely be the future for electronic payments.
2021-11-25 17:57 | |
Bank of England’s governor, Andrew Bailey, has expressed criticism towards the future use of stablecoins as a regulated form of money. He noted that the Central Bank Digital Currency (CBDC) should be the perfect currency for such.
2021-11-25 15:35 | |
The publication contains eight separate white papers exploring topics including the impact of lawmakers regulating stablecoins and central bank digital currencies as well as informing readers about the risks, benefits and alternatives.
2021-11-23 22:15 | |
The regulatory focus on stablecoins follows efforts by governments to launch central bank digital… The post G20 Finance chiefs want stablecoins regulated before approval appeared first on Coin Journal.
2021-10-14 12:57 | |
Meanwhile, Bank of Japan Governor Haruhiko Kuroda showed concerns towards stablecoins which are “closely linked to the central bank currency,” as they could have “some impact on the financial system.
2021-10-4 16:08 | |
Central bank money ensures public trust in money and supports public welfare, said the global body policymaker in its latest report on central bank digital currencies (CBDCs). With new forms of digital money issued by the private sector, such as stablecoins emerging, which has accelerated since the Covid-19 pandemic began, central banks are also ensuring […] The post Significant Stablecoin Adoption Could Result in “Excessive Market Power,” says BIS Report on CBDC first appeared on BitcoinExchangeGuide.
2021-10-1 18:12 | |
Payment giant Visa revealed its “Universal Payment Channels” (UPC) platform for central bank digital currencies (CBDCs) on Thursday. In its paper, Visa noted that with a “significant growth” in digital tokens in the form of crypto, stablecoins, and CBDCs, as the number of distributed ledger technology (DLT) networks increases, transacting parties are getting scattered.
2021-9-30 18:49 | |
Atom Foundation who focuses on liquidity solutions on the blockchain, today announced that it is launching the not-for-profit first-ever Central Bank Distributed Secure Coin (CBDSC)....
2021-9-29 12:22 | |
PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins.
2021-9-25 10:50 | |
The CEO of HSBC, a British investment bank and one of Europe’s largest banks, Noel Quinn, has shown support for the development of central bank digital currencies (CBDC) while maintaining a skeptical attitude towards stablecoins and cryptocurrencies.
2021-9-23 13:00 | |
HSBC Group, the largest bank in Europe, has taken a negative stance on cryptos while backing the development of central bank digital currencies (CBDCs). The bank’s CEO, Noel Quinn, wrote an article, in which disclosed the bank’s devotion to supporting the development of a CBDC.
2021-9-23 21:43 | |
Benoit Coeuré, Bank for International Settlements official and former member of the European Central Bank’s board of directors, said in a recent speech at an EuroFi event that stablecoins and DeFi in general were ‘challenging banks’ business models’ and authorities had to work on creating official digital assets quickly, highlighting growing fears in traditional financial […] The post Trust Token CEO: ‘DeFi is a transformation in finance’ appeared first on Invezz.
2021-9-22 22:05 | |
Regulators and central banks have paid close attention in recent weeks to stablecoins as the emerging asset class hit a total market cap of more than $100 billion. They’ve recognized the asset class, up fourfold this year alone, is far too big to ignore.
2021-9-11 18:00 | |
Central bank digital currencies, or CBDC’s, are unlikely to significantly solve the problem of facilitating international cross-border online services, unless central banks put heavy regulations on global stablecoins like Diem.
2021-8-10 19:43 | |
Mastercard is angling to become the go-to for governments and private entities when testing and rolling out central bank digital currencies or stablecoins.
2021-7-30 12:13 | |
Written by a Professor of Finance from Yale School of Management and an attorney at the Federal Reserve System, wants regulators to take a lesson from history, the Free Banking Era because the central bank must have a “monopoly on money issuance.
2021-7-20 16:07 | |
Federal Reserve Chairman Jerome Powell on Wednesday came out strongly supporting a digital dollar, saying it could undercut the need for cryptocurrencies and stablecoins. When asked during the congressional hearing if having a digital currency issued by the central bank would be a more viable alternative than cryptos in the payments system, Powell agreed and […] The post You Wouldn’t Need Crypto If You Have CBDC; ECB & Fed Selling Their Digital Fiat As Better Than Bitcoin first appeared on BitcoinExchangeGuide.
2021-7-15 16:35 | |
The central bank of Thailand is currently busy with the development of a CBDC and is focused on forming policy guidelines to regulate stablecoins for more reliable digital payment channels. The post Bank of Thailand Warns Against Using Digital Assets as Payment for Goods and Services first appeared on BitcoinExchangeGuide.
2021-7-9 17:17 | |
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
2021-7-8 10:52 | |
The Reserve Bank of New Zealand is set to conduct public consultations with regard to CBDCs, stablecoins, and other emerging mediums of payment. NZ Catches the CBDC Fever According to an official statement issued on July 7, the Assistant Governor of The Reserve Bank of New Zealand, Christian Hawkesby detailed as to how New ZealandRead More
2021-7-8 10:00 | |
European Central Bank (ECB) executive, Fabio Panetta has argued that the creation of a digital euro would help the apex bank protect its monetary sovereignty against threats from competing cryptocurrencies, while also offering users better privacy protection, according to a Financial Times report on June 21, 2021.
2021-6-22 15:00 | |
The Bank of England (BoE) Governor Andrew Bailey has elaborated on his views towards stablecoins and Central Bank Digital Currencies (CBDCs) at an annual City UK conference. The post BoE Governor Advocates Stablecoins but Warns of Crime Risk appeared first on BeInCrypto.
2021-6-16 18:40 | |
The Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital currency.
2021-6-8 13:59 | |
2021-6-1 17:24 | |
Bank of Japan Governor Haruhiko Kuroda has joined the ranks of many central bankers denouncing bitcoin but admits there is potential in stablecoins. The post Bank of Japan Embracing Stablecoins Potential but Still Wary of Crypto appeared first on BeInCrypto.
2021-5-28 14:31 | |
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC).
2021-4-20 01:30 | |
PBOC Governor further said China is only looking into some kind of “minimal” regulatory requirement to prevent the speculation. The post The ‘Main Role’ of Bitcoin and Stablecoins is “Investment Alternatives,” says China’s Central Bank first appeared on BitcoinExchangeGuide.
2021-4-20 18:00 | |
Li Bo, a deputy governor of People’s Bank of China (PBoC), the country’s central bank, said over the weekend that Bitcoin and stablecoins are ‘alternative investments’ in the eyes of the law. The post Chinese regulator says Bitcoin is an ‘alternative investment’ appeared first on CryptoSlate.
2021-4-19 11:35 | |
The central bank official said stablecoins issued by private companies may require "stronger regulatory rules" than Bitcoin.
2021-4-19 20:41 | |
Central banks are paying very close attention to stablecoins, seeking to control them — and decentralization may be the solution.
2021-4-19 16:15 | |