Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs
Source: Bitcoin.com San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural, and financial inclusion using blockchain. San Luis Approves Blockchain […]
Stablecoins: Policy and Regulatory Challenges | Poundcast Episode 4
In this episode, our host Jannah Patchay, policy lead and one of the originating members of the Digital Pound Foundation, interviews Teana Baker-Taylor, Vice President, Policy & Regulatory Strategy for UK/EU at Circle, on stablecoins and the policy and regulatory challenges they present, as well as how they relate to Central Bank Digital Currencies. How […]
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 […]
The Ripple Drop Ep. 28: Interoperability in Blockchain
Source: Ripple We’ve seen the power and opportunity that lies within blockchain technology through use cases that support cross-border payments, reduce voter fraud, increase the efficiency of supply chain management, and lower healthcare costs. The advancements made possible by blockchain are vast, and leveraging the benefits of multiple blockchain platforms via interoperability can create an even greater impact. On […]
BoE’s Cunliffe: FTX collapse demonstrates need for crypto regulation
Source: Investment Week The collapse of FTX provides a “compelling demonstration” of why greater regulation of the cryptoassets space is necessary, said Jon Cunliffe, deputy governor of the Bank of England, in a speech yesterday (21 November). Describing the collapse as “probably the largest – and certainly the most spectacular – failure to date in […]
DPF First Year Anniversary
Hosted: 15 November 2022Location: London, UKNo. Attendees: 124 Panellists included: Susan Friedman (Ripple), Claire Conby (DPF), Jannah Patchay (DPF), Christian Walker (Poundtoken), Marjan Delatinne (SETL), and Keith Bear (Judge Business School, University of Cambridge). On the first anniversary of the launch of the Digital Pound Foundation (DPF), we were delighted to welcome cross-industry participants to […]
Major stablecoins destabilized as market volatility and redemptions surge
Source: Cointelegraph Plunging cryptocurrency prices are not the only consequence of this week’s FTX-induced crypto contagion. Significant market volatility this week induced by the collapse of the FTX exchange has impacted stablecoins with many of them depegging temporarily. According to CryptoQuant senior analyst Julio Moreno, nearly all leading stablecoins have experienced some level of peg volatility this week. […]
FTX stablecoin reserves plunge as community fears bankrun
Source: CryptoSlate The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. FTX stablecoin outflow leads other exchanges As reported by The Data Nerd, Nansen data shows that FTX stablecoin outflow was the highest among exchanges over the last seven days. According to the screenshot, […]
Transformative Potential: Digital Money in Wholesale Markets | Poundcast Episode 3
Description In episode 3, our host Jannah Patchay, Policy Lead and originating member of the Digital Pound Foundation, speaks to Olaf Ransome, founder of 3C Advisory and also known as The Banker’s Plumber. In this interview, we turn our attention to the applications of new forms of digital money in wholesale markets. As we’ll see, […]
The Benefits of a True Risk-Based Approach to Digital Onboarding
Written by: Claire Conby, Chief Risk Officer & Executive Director at Billon Financial Ltd, and Operations and Governance Lead at Digital Pound Foundation Introduction Striving to achieve a robust risk management framework without detriment to the user experience is at the forefront of Billon’s compliance mindset. In my role as Chief Risk Officer, I have […]
