Facebook’s Libra hires former OCC prosecutor and central bank expert
The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system. Go to Source Powered by WPeMatico
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BIS report suggests ‘embedded‘ monitoring tool for stablecoins
After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies. Go to Source Powered by WPeMatico
BIS head says physical cash still important, even if CBDCs take over
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs. Go to Source Powered by WPeMatico
Will they or won’t they? Central banks eye each other’s digital currency moves
Canada’s central bank recognizes that CBDCs are a necessarily international issue. Go to Source Powered by WPeMatico
PayPal might issue its own cryptocurrency soon, says CoinShares exec
The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming. Go to Source Powered by WPeMatico
Chasing the hottest trends in crypto, the EU works to rein in stablecoins and DeFi
The proposed EU crypto market regulation will raise many compliance obstacles for the next Libra-like project seeking to operate in Europe. Go to Source Powered by WPeMatico
FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. Yet despite this acknowledgment, the FSB still argues against the … Read more
Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
Talk of CBDCs and Facebook’s Libra headlined this week’s policy news, as international organizations weigh in on both. Go to Source Powered by WPeMatico
Libra picks former HSBC brass as CFO
The G7’s recent rejection of Libra doesn’t seem to have slowed them down. Go to Source Powered by WPeMatico
G7 will block Libra launch until regulations in place
“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.” Go to Source Powered by WPeMatico
