Commercial stablecoin issuance – Part I: Considerations and benefits

Commercial stablecoin issuance – Part I: Considerations and benefits

Source: Quant Banks around the world – including some well-known global brands – have begun issuing their own digital currency known as commercial stablecoins. The benefits are significant but it’s not all plain sailing: there are a variety of factors to consider before implementing. Not to be confused with algorithmic stablecoins, commercial stablecoins are a […]

Euro stablecoin launched in Finland, claims to be first approved in the EU

Euro stablecoin launched in Finland, claims to be first approved in the EU

Source: Cointelegraph Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.” United States-based Circle Inc. […]

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-native stablecoin integrates into 18,000 ATMs nationwide

UK-native stablecoin integrates into 18,000 ATMs nationwide

Source: Cointelegraph A partnership between Poundtoken and BitcoinPoint will make the country’s first 100%-backed British pound stablecoin, GBPT, accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step toward the U.K. becoming a “crypto hub” and is in line with the government’s push to use stablecoins […]

What is a digital Pound really useful for?

What is a digital Pound really useful for?

About this webinar Aside from simply digitising our national currency to bring it in line with the modern world, what is a digital currency actually useful for? How would a digital Pound make a concrete difference and add value to the way things operate today? Various benefits are put forward for Central Bank Digital Currencies […]

Universal Digital Payments Network launched at Davos

Universal Digital Payments Network launched at Davos

Source: Finextra A Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies. UDPN has been in development for the last two years with contributions from GFT, Red Date Technology, TOKO, 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 […]

Bank of America Says CBDCs Are the Future of Money and Payments

Bank of America Says CBDCs Are the Future of Money and Payments

Source: Coindesk Digital currencies, such as central bank digital currencies (CBDCs) and stablecoins, are the natural evolution of money and payments, Bank of America said in a research report on Tuesday. “CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years,” analysts […]

Iran and Russia want to issue new stablecoin backed by gold

Iran and Russia want to issue new stablecoin backed by gold

Source: Cointelegraph The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. According to the Russian news agency Vedomosti, Iran is working with Russia to create a “token of the Persian Gulf region” that would serve as a payment method in foreign trade. The token […]