HM Treasury Open consultation: Future financial services regulatory regime for cryptoassets

HM Treasury Open consultation: Future financial services regulatory regime for cryptoassets

Source: HM Treasury Summary This consultation sets out proposals for the UK’s financial services regime for cryptoassets, and marks the next stage of the UK’s phased approach This consultation closes at9am on 30 April 2023 Consultation description In April 2022, the government committed to introducing a new regulatory regime for cryptoassets, reflecting the risks and […]

UK Forum for Digital Currencies Joint Policy Statement

Five associations have come together to form a new alliance – the UK Forum for Digital Currencies (UK FDC) – which aims to develop better policies, practice and regulation around digital and currencies. Members include the City of London Corporation, Digital Pound Foundation, The Payments Association, TheCityUK and UK Finance. Digital currencies have been gaining […]

Five associations form industry alliance to guide the UK’s digital currency future

Five associations form industry alliance to guide the UK’s digital currency future

Source: UK Finance Five associations have come together to form a new alliance – the UK Forum for Digital Currencies (UK FDC) – which will celebrate innovation and collaboration across the payments industry Members include the City of London Corporation, Digital Pound Foundation, The Payments Association, TheCityUK and UK Finance. The aim of the alliance is to develop better policies, practice and regulation […]

Nigeria to create legal framework for stablecoins and ICOs

Nigeria to create legal framework for stablecoins and ICOs

Source: Cointelegraph As one of the world’s pioneers in adopting its own central bank digital currency (CBDC), Nigeria also declares its readiness to accept the existence of private stablecoins. The necessity to create a legal framework for stablecoins is noted in the latest central bank strategy paper.  Published under the headline “Nigeria Payments System Vision […]

Turkey to use blockchain-based digital identity for online public services

Turkey to use blockchain-based digital identity for online public services

Source: Cointelegraph Turkey plans to use blockchain technology during the login process for online public services. E-Devlet, Turkey’s digital government portal used to access a wide range of public services, will use a blockchain-based digital identity to verify Turkish citizens during login. Fuat Oktay, the vice president of Turkey, announced during the Digital Turkey 2023 […]

Despite crypto crash, financial institutions are cautiously wading into digital assets

Despite crypto crash, financial institutions are cautiously wading into digital assets

Source: OMFIF This year will be remembered as one of reckoning for digital assets. After years of slushy and speculative asset price growth and the spread of numerous junk cryptocurrencies, with at best dubious value, the rapid collapse of the crypto world is something many economists had expected for a long time. Yet, amid such dynamics is […]

DPF First Year Anniversary – A Year in Review

DPF First Year Anniversary – A Year in Review

On the first anniversary of the launch of the Digital Pound Foundation (DPF), we were delighted to welcome cross-industry participants to an in-person get-together and to give an update on our progress since launch. Susan Friedman, Head of Policy at Ripple and Chair of the Digital Pound Foundation welcomed the level of policy engagement with […]

Central bank plans to make CBDC ‘only legal digital tender’ in Indonesia, says gov

Central bank plans to make CBDC 'only legal digital tender' in Indonesia, says gov

Source: Cointelegraph Bank of Indonesia Governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.” In a Dec. 5 speech at the central bank’s annual meeting, Warjiyo said the bank planned to release details on the conceptual design of a digital rupiah […]