The Future of Finance: BIS General Manager Highlights Cybersecurity in CBDC Development

The Future of Finance: BIS General Manager Highlights Cybersecurity in CBDC Development

In a significant gathering convened by the Bank for International Settlements (BIS) in Basel, Switzerland, Agustín Carstens, the General Manager of BIS, underscored the pivotal role of cybersecurity in the realm of Central Bank Digital Currencies (CBDCs). Addressing a global assembly of financial experts, Carstens heralded CBDCs as the cornerstone of a rapidly approaching digital […]

The Truth About Stablecoins: Are They as Stable as Promised?

The Truth About Stablecoins: Are They as Stable as Promised?

In the dynamic world of cryptocurrency, stablecoins have emerged as a promising bridge between traditional finance and the novel crypto market. A new paper from the Bank for International Settlements delves into this growing sector, questioning the ‘stability’ of stablecoins—a key selling point that distinguishes them from their more volatile counterparts. Stablecoins, designed to be […]

Stablecoin Standard Partners with the Digital Pound Foundation to Help Educate and Promote Acceptance of New Forms of Digital Money

Stablecoin Standard Partners with the Digital Pound Foundation to Help Educate and Promote Acceptance of New Forms of Digital Money

We are pleased to announce that Stablecoin Standard, the industry body for stablecoin issuers globally, has joined the Digital Pound Foundation as a new strategic partner. Stablecoin Standard brings together industry experts from some of the biggest names in stablecoin development and crypto, expertise from liquidity providers and regulatory and compliance professionals and other ecosystem […]

Preserving the Singleness of Money in a Future Digital Currency Ecosystem

Preserving the Singleness of Money in a Future Digital Currency Ecosystem

This event was jointly hosted with Fireblocks on 7 November 2023. During this webinar, Varun Paul announced a new paper entitled ‘Achieving Uniformity of Tokenized Money Through Smart Contracts’. You can download this paper here. About the webinar In the future, multiple different forms of money – both public and private, and both those currently […]

Quant Elevates Blockchain Security with its New Central Bank-Grade Key Management Solution

Quant Elevates Blockchain Security with its New Central Bank-Grade Key Management Solution

In a significant development for the banking and financial sector, a pioneering solution called Overledger Authorise has been launched to bolster the security of blockchain-based transactions. Historically, financial institutions have banked on advanced key management systems to shield data, applications, and transactions. The dawn of blockchain and digital assets posed a challenge: the prevailing key […]

Canadian Securities Authorities Soften Stance on Stablecoin Trade

Canadian Securities Authorities Soften Stance on Stablecoin Trade

Canadian securities officials have recently elaborated on their preliminary approach to stablecoin trading, referring to them as value-based digital assets. The Canadian Securities Regulators (CSA), a collective of provincial and territorial regulators, highlighted the potential benefits of stablecoins to Canadian investors. With this, the CSA has indicated its inclination towards endorsing the trade of specific […]

The Decline of Cash: CBDC’s Potential Role in Modern Canadian Banking

The Decline of Cash: CBDC's Potential Role in Modern Canadian Banking

The Bank of Canada recently released a study delving into the challenges related to financial inclusivity that a potential Central Bank Digital Currency (CBDC) might face. This study highlighted obstacles prevalent among rural residents, indigenous groups, low-income households, and individuals with disabilities. Interestingly, a previous report had expressed doubts about the need for a CBDC, […]

Ripple’s Contribution to CBDC Landscape Celebrated at Juniper’s 2023 Awards

Ripple's Contribution to CBDC Landscape Celebrated at Juniper's 2023 Awards

Ripple has been bestowed with two significant accolades by Juniper Research in the esteemed Future Digital Awards for Fintech & Payments 2023. Amid an unprecedented number of entrants this year, Ripple emerged as a clear leader in the following categories: Ripple’s CBDC platform endeavours to provide a safe, sustainable, and smooth end-to-end solution tailored for […]

Circle Defends Stablecoins Amid SEC’s Case Against Binance

Circle Defends Stablecoins Amid SEC's Case Against Binance

Circle, the organization behind the USD Coin (USDC) stablecoin, has presented its perspective regarding the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the cryptocurrency platform, Binance. Circle contends that stablecoins, which are cryptocurrencies tied to stable assets like the U.S. dollar, should not be classified as securities. In their legal document, Circle posits that […]

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