European Banking Authority (EBA) urges swift implementation of stablecoin standards
The European Banking Authority (EBA) has recently emphasised the urgent need for the early adoption of standardised regulations for stablecoins. In an effort to address potential risks and foster stability within the digital asset market, the EBA is pushing for a swift implementation of comprehensive guidelines. With the rapid growth of stablecoins, which are cryptocurrencies […]
MiCA’s stablecoin transaction cap stifles crypto adoption, say lawyers
Source: Cointelegraph Stablecoin use could be “stifled” by daily transaction caps in the European Union’s Markets in Crypto-Assets (MiCA) legislation, with some calling for the framework to be revised. On May 31, MiCA was signed into law, which paved the way for the world’s first regulatory guidance on cryptocurrencies to come into effect. The legislation was received […]
Fireblocks joins Digital Pound Foundation’s membership community
We are very pleased to announce the addition of Fireblocks to the Digital Pound Foundation’s membership community. Fireblocks joins the Foundation as a corporate member and will also take part in the Policy, Legal and Regulatory Working Group. Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, is […]
Demystifying the Digital Pound
The potential of a digital pound has garnered a lot of attention within UK payments, with much research, consultations, whitepapers and thought pieces being developed. However, with so much available it can be difficult to get to the core of the conversation and what it all means. What are the key opportunities presented by a […]
JPMorgan bank deploys JPM Coin for euro-denominated payments
Source: Cointelegraph The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects into traditional banking. JPMorgan has deployed its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported on June 23. A spokesperson for JPMorgan confirmed to Cointelegraph that the bank had expanded the JPM […]
Amazon Collaborating in Pilot Program for New CBDC Proposed by IMF and Central Banks
Source: The Daily Hodl The Monetary Authority of Singapore (MAS) has published a whitepaper that proposes conditions for the use of central bank digital currencies (CBDCs), tokenized bank deposits and stablecoins. The whitepaper was produced in collaboration with the International Monetary Fund (IMF), Banca d’Italia, and the Bank of Korea, and is currently paired with […]
UK Crypto, Stablecoin Laws Approved by Parliament’s Upper House
Source: Coindesk U.K. parliamentarians have voted through a new bill that could recognize crypto as a regulated activity in the country. The approval of the Financial Services and Markets Bill (FSMB) on Monday by Parliament’s upper chamber, the House of Lords, means the bill is going to enter the final stages before it is put […]
Fostering Responsible Growth Of Blockchain Technology
Testimony of Dr. Emin Gün Sirer, Founder & CEO, AvaLabs, Inc. before the United States House of Representatives, House Financial Services Committee. Chairman McHenry, Ranking Member Waters, and Members of the Committee, It is an honor to be here with you today. I thank you for the opportunity to appear before you as a computer […]
The Nature of Money: The Role of Currency in the Digital Era | Poundcast Episode 9
In episode 9, our host Jannah Patchay speaks to Kene Ezeji-Okoye, Co-Founder and Co-CEO of Millicent Labs. In this episode, Jannah and Kene discuss the rise of digital currencies in the context of digital fiat, how central banks reacted to the advent of stablecoins and in particular the potential threat posed by Facebook’s Libra / […]
UK Crypto Think Tank Warns Government of CBDC Privacy, Security Risks
Source: Decrypt While there are a “number of potential benefits” associated with central bank digital currencies (CBDCs), the UK government “should carefully consider and seek to mitigate any potential risks” associated with the development and potential introduction of the so-called digital pound.” This is particularly relevant “in relation to financial stability, privacy, and security risks,” […]
