2020-10-15 06:46 |
The Financial Stability Board has warned that global stablecoins could pose systemic risks to the monetary systems of nation-states.
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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 | |
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2019 has been important for digital assets from both a technical and financial standpoint. The discussions with regard to stablecoins in the global economic landscape have been instrumental in generatThe post Stablecoins may help reduce global remittances cost: WB's Garcia Mora appeared first on AMBCrypto.
2019-11-12 01:30 | |
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Hong Kong’s securities regulator says the world needs a united response to stablecoins like Libra to avoid firms setting up in laxer jurisdictions.
2019-11-7 13:00 | |
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For months now, Libra, the stablecoin project from Facebook, has been mired in one controversy or the other. However, a new report could throw the asset’s future operation into further disarray. On November 4, popular news medium Reuters reported that the International Organization of Securities Commissions (IOSCO), a global securities and futures trading regulator, is […] The post Libra, Stablecoins Should Be Regulated as Securities, Says Global Trading Regulator appeared first on BeInCrypto.
2019-11-5 07:06 | |
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The launch of the Libra stablecoin by Facebook is still months away but reports from Reuters indicate that there are already securities rules in place that could apply. Rather than restricting stablecoin, these rules could help reveal the full benefits, according to IOSCO.
2019-11-5 23:07 | |
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In the wake of the 2008 Global Financial Crisis, the G20 established the Financial Stability Board (FSB) with the objective to propose initiatives to “build a more resilient financial system, addressing the fault lines that caused the global financial crisis.
2019-10-30 17:11 | |
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Leaders of G20 met on Friday, and have reportedly agreed to set strict regulations for stablecoins like Facebook’s Libra. They warned that the issuance of stablecoins should disallowed until the risks they pose to global economies are addressed.
2019-10-19 14:30 | |
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The G20 nations agree that global stablecoins present serious public policy and regulatory risks
2019-10-19 08:10 | |
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The Financial Action Task Force (FATF), one of the most important financial regulators in the world, has recently voiced some concerns about Facebook’s Libra project. According to the institution, Libra and other stablecoins could pose several risks if they were to achieve mass adoption, especially when considering money laundering and terrorist financing. Xiamgmin Liu, the […]
2019-10-19 22:34 | |
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Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.
2019-10-19 22:30 | |
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Coinspeaker G7 Says that Bitcoin Failed but Libra Poses Threat to Financial StabilityG7 has just recently released a report addressing a long list of concerns it has with global stablecoins like Libra.
2019-10-19 22:29 | |
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The Financial Action Task Force [FATF], an inter-governmental organization that has pledged to combat money laundering and terrorism funding, has stated that Facebook and its stablecoin, Libra, would be subject to global standards on cryptocurrencies and traditional financial assets, according to reports.
2019-10-18 15:30 | |
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Today, G7 countries have documented their concerns about the impact of stablecoins on the global monetary system, US Senator Michael Rounds has offered fresh words of support, and a new survey has emerged on Libra adoption 67% of Nigerian Businesses Would Welcome Libra While Facebook’s intention to launch a global digital currency sparked reactions among governments and regulators in developed countries, no-one has bothered to ask the opinion of potential users, especially in developing countries.
2019-10-18 14:00 | |
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A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.
2019-10-18 12:10 | |
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The working group of the G7 has released a report detailing the potential risks a global stablecoin (GSC) could pose to nations and economies worldwide. GSCs will have to address these concerns to be considered for approval, the report said, adding that addressing the outlined risks will not guarantee regulatory permission to operate.
2019-10-18 11:30 | |
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Social media giant Facebook has certainly rattled the regulatory feathers of global regulators with its grand plans for cryptocurrency world domination. Politicians and citizens alike are right to question Libra and those that will be pulling the strings behind it.
2019-10-18 09:30 | |
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Stablecoins could present a significant risk to global financial stability but hold promise for payment systems, says G7 report
2019-10-18 04:51 | |
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The Swiss Federal Council is keeping close tabs on global stablecoin projects and their possible opportunities and challenges
2019-10-17 22:52 | |
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Cryptocurrency exchange CoinField has finally revealed the details of its “secret” XRPL project, Sologenic. This ecosystem facilitates the trading of on-demand tokenized assets including stocks and ETFs from over 25 global stock exchanges or fiat backed stablecoins on top of the XRP Ledger.
2019-10-16 21:16 | |
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The growth in stablecoin usage has soared since late 2017, and this has regulators and government bodies across the world incredibly worried. A new report formulated by central bank officials of the G7, the IMF, and the Financial Stability Board, believe that global stablecoins pose a systemic threat to the global economy and monetary stability,Read MoreRead More.
2019-10-14 19:00 | |
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Facebook’s proposed Libra ‘cryptocurrency’ has run into further resistance, this time from a G7 taskforce. The group issued a report stating that ‘global stablecoins’, such as Libra, should not begin operation until proven safe and secure.
2019-10-14 14:00 | |
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Coinspeaker G7 States Libra May Pose Threat to Financial StabilityThe G7 believes that Libra, as well as other global stablecoins, may negatively influence the financial situation in the world.
2019-10-14 13:31 | |
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The G7 group of nations has prepared a draft report which notes that globally accessible stablecoins pose a significant threat to the existing financial system. According to BBC, G7’s draft report detailed the different risks...
2019-10-14 11:42 | |
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It comes as no surprise that Facebook is still on the receiving end of regulatory pressure from global economies. The social media giant has done the crypto industry few favors as all eyes are now on stablecoins and the outlook for them is predictably pessimistic.
2019-10-14 11:30 | |
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The world’s biggest economies are assessing stablecoins as a potential risk to the global financial system, said the Financial Stability Board.
2019-10-14 10:14 | |
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The G7 has released a report claiming that “global stablecoins” could pose a threat to global financial stability.
2019-10-15 03:40 | |
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Financial Action Task Force’s FATF week will see the representatives from 205 countries and jurisdictions around the world, the IMF, UN, World Bank, and other organizations discuss matters concerning the stablecoins and virtual assets and the risks associated with it.
2019-10-12 20:30 | |
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iP2PGlobal Cryptocurrency Financing Platform aims to re-shape personal financing by introducing Sharia compliant financing products to individuals worldwide. Offering the first unsecured crypto financing product, the platform will also feature a single global benchmark rates for fair loan pricing, compensation fund to cover default risks, full KYC & AML compliance and proper e-lending legal documentation in order to enforce debt collectibility, furthermore financing & disbursement will be in US$ pegged stablecoins to encourage real world usage.
2019-10-9 23:33 | |
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Coinspeaker ECB Exec: Libra Could Address Global Payments System ProblemsECB Board Member Benoit Coeure has warned that private stablecoins like Libra are posing big risk to the monetary sovereignty, however, they can also solve some of the burning issues.
2019-9-26 11:00 | |
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The IMF has finally noticed the important benefits of crypto. True, so far only in stablecoins. An IMF blog post notes the benefits of stablecoins such as low costs, global reach and speed as huge potential benefits of stablecoins.
2019-9-25 17:35 | |
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The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra.
2019-9-24 11:15 | |
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The International Monetary Fund (IMF) published a new staff paper on September 19, saying stablecoins can cause significant disruptions to the current global payments framework. However, the organization also admits that this type of cryptocurrencies can contribute to improving financial inclusion across the world.
2019-9-20 15:00 | |
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Most often overlooked in the fintech space is the world’s most scalable and private payment system: cash. It is used in every country around the world and despite its much exaggerated demise, according to the G4S Global Cash Report 2018, cash circulation has risen to 9.
2019-9-11 15:45 | |
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A new weekly record was set last week in global corporate bond sales, with investors grabbing hold of around $140 billion in new bonds according to data from Dealogic. This occurs against a backdrop of negative yielding debt, and the meteoric rise in popularity of stablecoins and exchange-native tokens across the crypto space.
2019-9-9 14:30 | |
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Since the beginning of the year, crypto exchange Binance has become a leading market maker. Not all Changpeng CZ Zhao CEO decisions are successful, but as a true market leader, CZ launches new initiatives.
2019-8-28 13:36 | |
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A flood of competing stablecoins is coming to the global economy, setting the stage for what could be a climactic battle with the world's biggest central banks.
2019-8-20 07:00 | |
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Binance announced that it is planning to launch an open blockchain project focused on developing localized stablecoins around the world, competing with Facebook’s Libra. Reshaping the world’s financial system Over the last few years, Binance has actively communicated the need for a “global, multi-dimensional customer network and compliance system” to different regulatory authorities around the […] The post Binance Venus, a stablecoin that will compete with Facebook’s Libra appeared first on CryptoSlate.
2019-8-20 19:49 | |
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VirgoCX is a secure, reliable, and liquid cryptocurrency exchange platform that deals in buying, selling, and trading digital assets such as Bitcoin, Ethereum, stablecoins, and more. The Toronto-based fiat-to-crypto exchange offers the best-in-class trading experience to a global network of both retail and institutional investors.
2019-7-26 01:04 | |
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Genesis Global Trading's lending business remains on a growth tear, especially its loans of dollars and stablecoins.
2019-7-23 16:00 | |
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Coinspeaker Exclusive: IBM Blockchain’s Todd Scott on Maersk, World Wire and Food TrustTodd Scott, vice president of IBM Blockchain Global Trade spoke about blockchain projects IBM is engaged in as well as IBM's cooperation with Stellar.
2019-7-10 18:59 | |
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New tokens include two eToro stablecoins eToroX, the blockchain subsidiary of global investment platform eToro, today announces it will add 120 ERC-20 tokens to its multi-crypto on-chain wallet. The first 5 of the 120 tokens added to the wallet today are 3 crypto assets: Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG) and two eToro […] The post eToroX Announces The Addition Of 120 ERC-20 Tokens To Its Multi-Crypto On-Chain Wallet appeared first on ZyCrypto.
2019-7-2 15:24 | |
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Thomas Lee, Head of Research at Fundstrat Global, spoke to CNBC about Facebook’s Libra Blockchain. He also opined on how it would affect the cryptocurrency space, especially Bitcoin, stablecoins, and the field of decentralized finance.
2019-6-19 22:30 | |
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David Gokhshtein, the founder of Gokhshtein Magazine and vocal XRP supporter, thinks Ripple is placing themselves in the perfect position to infiltrate the global financial system. Banks around the world are toying with the idea of creating their own cryptocurrencies.
2019-5-21 09:59 | |
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Starting today, cryptocurrency users in the United States will be able to earn interest on their digital assets. Decentralized finance (DeFi) marketplace Nuo Network is partnering with Wyre to open peer-to-peer lending and borrowing to millions of people in the country.
2019-5-17 14:17 | |
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The article is penned by Eduardo Argueta. Eduardo Argueta currently acts as a Head of Communications in Platinum Q DAO Engineering. He is a skilled writer who first got into blockchain and cryptocurrencies back in 2016 as a means to send money abroad.
2019-5-15 12:58 | |
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Coinspeaker Coinbase Deepens Stablecoins Trading Support Expanding USDC to 85 CountriesExpanding USD Coin to 85 countries, Coinbase hopes to reach a large number of users and get closer to living up its ambition for a global presence.
2019-5-15 11:44 | |
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Coinspeaker eToroX Launches Gold and Silver StablecoinseToroX, the blockchain division of global investment company eToro, has today announced the addition of two commodity-stablecoins – eToro Gold (GOLDX) and eToro Silver (SLVX).eToroX Launches Gold and Silver Stablecoins
2019-5-14 10:01 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Blockstream's Liquid Network has expanded to include 14 new members. With these additions, Liquid’s client base now boasts 35 institutions. The company also announced that Liquid is now available on Bitfinex and RenrenBit, a crypto finance app.
2019-5-8 18:47 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Совет по финансовой стабильности Большой индустриальной двадцатки (FSB) представил детальный анализ влияния искусственного интеллекта на мировую финансовую систему. В опубликованном 14 ноября докладе организация подчеркнула необходимость усиления контроля за использованием ИИ в финансовом секторе.
The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology's interaction with legacy systems.
Криптожурналист Wu Blockchain выявил транзакции сооснователя Эфириума Виталика Бутерина через криптовалютный миксер Railgun и напомнил, что этим же инструментом пользуются хакеры Lazarus Group из Северной Кореи.
The global standard-setters instead suggest targeted restrictions when necessary, and urges jurisdictions to strengthen monetary policy frameworks.
В конце 2022 года Индия обратилась к партнерам из G20 с призывом ускорить внедрение глобальной нормативно-правовой базы для рынка цифровых валют. По мнению властей страны, общие стандарты регулирования должны выступить основными ориентирами для тех юрисдикций, которые решили вывести из тени операции с виртуальными активами и запустить лицензирование криптобирж и платформ.
As the current president of the Group of Twenty (G20), India has made public its presidency note on crypto in an effort to have its suggestions included in the framing of global crypto rules.
The failure of FTX has prompted the Financial Stability Board to propose regulations for the cryptocurrency industry in early 2023, along with a timeline for implementation.