2021-6-10 13:37 |
The Bank of England's executive director of the Financial Market Infrastructure Directorate says that stablecoins are hardly “launching us off into some brave new world.”
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A Moody's analyst examines how the recent banking crisis spilled into crypto, and why alternatives to stablecoins like tokenized bank deposits and CBDCs may be needed to prevent contagion.
2023-4-3 17:16 | |
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Cryptocurrencies like Bitcoin don't quite convince Bailey, but he sees a lot of potential for stablecoins.
2020-9-3 18:27 | |
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Bank of England Governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam.
2020-9-3 17:50 | |
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China appears to be in the final phases of testing its CBDC, digital yuan. The country recently expanded the tests to new cities, and its central bank revealed that the coin is only used for small retail transactions at this time.
2020-8-25 14:43 | |
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The advent of Stablecoins and Central Bank Digital Currencies (CBDCs) has pretty much put Ripple’s XRP in a compromising position, especially given that they do almost exactly what XRP does when utilized in cross-border payments.
2020-8-20 19:14 | |
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There have been talks of how Bitcoin could soon take over the financial world in a grand measure, and this idea seems to be winning over more people as time goes. So far, Bitcoin has been proven to be a pretty serious contestant against Gold when it comes to the future of reserve currency. Many […]
2020-8-9 21:20 | |
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SFB Technologies' chief economist sees a future for central bank digital currencies, or CBDCs, but not for privately issued stablecoins.
2020-7-8 00:30 | |
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Stablecoins can mediate between central bank digital currencies and the consumer payments universe, says Sila's Alex Lipton.
2020-5-31 16:00 | |
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The central bank digital currency [CBDC] project has been in the talks for quite a long time now. Although Sweden has its e-krona, and the U.S its Fedcoin, they haven't made much progress in comparisThe post CBDCs and stablecoins, not similar as digitized fiat is not a 'DLT based token' appeared first on AMBCrypto.
2020-5-11 22:30 | |
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The European Central Bank looks at stablecoins as key instruments that can help consumers meet demand in the payments services, but wants regulators to be proactive in addressing regulatory gaps that can pose risks.
2020-5-7 12:33 | |
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Could stablecoins and central bank digital currencies offer the only viable alternative to traditional bank accounts?
2020-4-29 14:14 | |
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The Wall Street veteran warns that the rise of stablecoins is distributing ‘IOUs’ throughout the digital asset sector
2020-4-29 11:56 | |
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Several reports have been released in recent months suggesting that financial institutions are moving towards a cashless society — one built on top of decentralized technologies and central bank digital currencies.
2020-3-4 08:10 | |
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The Bank of England's Deputy Governor of Financial Stability discussed Central Bank Digital Currencies (CBDC), stablecoins and cryptocurrencies. Delivering the speech was Sir Jon Cunliffe at the London School of Economics.
2020-3-4 19:30 | |
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Bank of England's Deputy Governor Sir Jon Cunliffe is the latest one to address CBDCs and stablecoins. Referring to cryptocurrency as a new wave of technological development, he stated that crypto adoThe post CBDC might become single point of failure in itself: BoE exec appeared first on AMBCrypto.
2020-3-2 15:00 | |
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In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins.
2020-3-2 20:45 | |
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Facebook's Libra sparked a heated conversation on stablecoins and central bank digital currency [CBDC] issuance across the globe and as a result, several central banks have jumped into the conversatioThe post Bank of England exec highlights need to consider digital currencies as options appeared first on AMBCrypto.
2020-2-25 18:25 | |
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The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force.
2020-2-24 08:50 | |
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Following the latest G20 meetings in Riyadh, the Group of 20 Finance Ministers and Central Bank Governors have urged countries to implement FATF standards on cryptocurrencies and other virtual assets.
2020-2-24 22:28 | |
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A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin.
2020-1-29 00:00 | |
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On Tuesday, Paxos announced the launching of a fresh feature which will enable customers to instantly wire transfer money from different deposit bank accounts directly to Paxos Standard as well as Binance USD.
2020-1-22 01:26 | |
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Paxos is enabling a new auto-transfer feature to streamline the conversion of funds between bank accounts and stablecoin deposits.
2020-1-21 19:01 | |
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When I travel to Davos next week, I’ll be advocating for the public and private sector to come together to support the development of global stablecoins backed by central bank money and regulated through new forms of public and private partnership.
2020-1-19 21:22 | |
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A distinguished Stanford professor breaks down the year in stablecoins: Libra, Tether and Central Bank Digital Currencies, like China's.
2020-1-4 19:35 | |
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Coinspeaker Russian Central Bank Tests New Kinds of StablecoinsThe Russian Central Bank is working with corporate entities in implementing its digital currency - stablecoins backed by real assets.Russian Central Bank Tests New Kinds of Stablecoins
2019-12-28 18:07 | |
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Russia’s central bank starts testing stablecoins and doesn’t assume that they will act as a payment method and become a substitute of money
2019-12-27 19:09 | |
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According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has always been questionable, with the country’s intentions and goals never being fully known to anyone.
2019-12-26 16:45 | |
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An official at China’s central bank says that the digital form of the yuan will be different from Bitcoin and stablecoins
2019-12-24 02:55 | |
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According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed.
2019-12-23 10:21 | |
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Coinspeaker ECB Embraces Own Stablecoin Dismissing Bitcoin’s Classic PrinciplesEuropean Central Bank's head Christine Lagarde dismisses Bitcoin's positive sides but admires stablecoins and calls for large-scale competition.
2019-12-14 17:42 | |
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After the President of the ECB Christine Lagarde recognized the demand for stablecoins, market players started commented on her words. Tuur Demeester is among the first!
2019-12-13 16:59 | |
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The president of the European Central Bank (ECB), Christine Lagarde, pledged to meet the growing demand for stablecoins by getting “ahead of the curve” in the rapidly evolving economic environment.
2019-12-14 16:10 | |
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At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring to stablecoins.
2019-12-14 15:38 | |
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Christine Lagarde is the president of the European Central Bank, and she’s recently made it clear how highly she holds stablecoins. In a recent tweet, she urged the bank to take note of the substantial demand for stablecoins in the world, adding that the institution needs to “be ahead of the curve,” regarding the issuance […]
2019-12-13 01:46 | |
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From viewing global stablecoins as a threat to considering the launch of a central bank digital currency, the European Central Bank [ECB] has come a long way. In a recent document titled, "Innovation The post ECB may launch CBDC if it fails to develop efficient payment solution appeared first on AMBCrypto.
2019-12-5 07:42 | |
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The US central bank, Federal Reserve is commonly known as the Fed, has finally agreed that stablecoins pose a threat to the fiat dollar as a global medium of exchange. The Fed has stated that stablecoins like Facebook’s Libra have the capability of being the ‘fresh medium of exchange’. However, the Fed gave a caveat […]
2019-11-19 00:53 | |
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The Bank of Russia has put out a statement saying it is against any ‘monetary substitutes. ’ That being said, the bank is currently actively studying stablecoins planned by various national governments.
2019-11-8 00:32 | |
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Regulators in Europe have called on the European Central Bank (ECB) to explore the feasibility of launching a digital currency for the bloc. Supranational agencies and governments, alike, have labeled stablecoins – especially Libra – a potential menace to financial stability.
2019-11-6 14:00 | |
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The central bank is expanding the role of its Retail Payments Manager to include digital currencies, stablecoins and distributed ledger technologies as part of a new hire.
2019-11-5 02:45 | |
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The G7 and Bank for International Settlements published a joint report criticizing cryptocurrencies and stablecoins, which pose a threat to financial stability.
2019-10-24 23:13 | |
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At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference.
2019-10-21 13:15 | |
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Most recently G7 and the Bank for International Settlements (BIS) in its report on stablecoins called Bitcoin a failure in providing a “reliable and attractive means of payment or store of value.” It further states that crypto assets have served as a “highly speculative” asset class for “certain” investors that engage in illicit activities. Moreover, […]
2019-10-20 18:00 | |
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It’s over; it’s all over. Drop every bag you’re holding, capitulate, and sell. Both the group of seven (G7) and the Bank of International Settlements (BIS) have decreed, in all their wisdom, that bitcoin has failed.
2019-10-21 22:00 | |
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The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges.
2019-10-16 13:05 | |
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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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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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The commotion around Libra and other stablecoins has caught the attention of a lot of regulators from across the world. The idea of a virtual asset backed by a fiat currency to facilitate payments has taken flight among several mainstream financial institutions, including the likes of JPMorgan.
2019-10-5 23:30 | |
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September 27, Frankfurt. Mario Draghi, European Central Bank (ECB) president, states that he is of the opinion that cryptocurrencies and stablecoins are not designed to be an adequate replacement of money.
2019-9-28 16:18 | |
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In a letter addressed to Eva Kaili, a member of the European parliament and a well-known cryptocurrency advocate, the current president of the European Central Bank, Mario Draghi, lays down his views on cryptocurrencies and their future in the banking sector.
2019-9-28 19:53 | |
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Recent 13F filings show Europe's second largest bank, BNP Paribas, has purchased Bitcoin exposure via a US spot Bitcoin ETF.
The proposed new industry guidelines are intended to address issues around AML and CFT rules.
Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm.
With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England.
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January.
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.
BTG Pactual is known for launching cryptocurrency trading services for its customers and is also planning to launch its own stablecoin.