House Stablecoin Bill Would Put Two-Year Ban on Terra-Like Coins
Source: Bloomberg Legislation to regulate stablecoins that’s being drafted in the House would place a two-year ban on coins similar to TerraUSD, the algorithmic stablecoin that collapsed earlier this year. Under the latest version of the bill, it would be illegal to issue or create new “endogenously collateralized stablecoins,” according to a copy obtained by […]
CBDCs and other new forms of digital money: Goodbye privacy and anonymity?
Authored by Claire Conby, Operational and Governance Lead at the Digital Pound Foundation and Chief Risk Officer at Billon Financial Ltd. Use of physical cash is declining. We are witnessing a growing appetite for digital alternatives, driven not only by private sector innovation, but also by an increasing recognition from central banks and governments of […]
Response to Crypto & Digital Assets APPG: Crypto Inquiry 2022
The Digital Pound Foundation takes pleasure in responding to the Crypto & Digital Assets APPG – CRYPTO INQUIRY 2022. The DPF is supportive of the UK government’s commitment to place the UK’s financial services sector at the forefront of cryptoasset technology and innovation, and to take a staged and proportionate approach to cryptoasset regulation, which […]
Binance Exec on Converting USDC, Other Stablecoins to BUSD: ‘Not a Surprise’
Original Source: Coindesk Binance is converting user funds to its Binance USD (BUSD) stablecoin from alternatives, including the larger USD coin (USDC). Binance Chief Communications Officer Patrick Hillmann shares his insights and why “it really shouldn’t be that big a surprise.” Plus, his take on Tether (USDT).
Regulated Liabilities and the Future of Digital Money | Poundcast Episode 2
Description In this episode, host Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation speaks to Tony McLaughlin, Managing Director of Emerging Payments and Business Development at Citibank. Jannah and Tony have a wide-ranging discussion on what would make a digital Pound a foundation for innovation and what attributes […]
Ethereum Merge Could Affect Stablecoins & DeFi Protocols, Says Report
Original Source: BeInCrypto Ethereum’s transition to a proof-of-stake (PoS) network could affect DeFi protocols and stablecoins running on the blockchain network, DappRadar revealed in a new report. According to the report, the stablecoin market is huge, and its use on public blockchains like Ethereum has grown significantly making them integral to DeFi operations. The report noted that Ethereum Merge could affect the stability […]
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
Original Source: Coindesk Crypto advocates in the U.K. have largely welcomed a new bill that could bring digital assets like stablecoins into the scope of local payments regulation. But there’s uncertainty about how the new rules will look like, should the bill pass. The bill is scheduled to be debated in Parliament for the first […]
A sound regulatory approach for digital assets
Original Source: Quant Over the last five years, investment in cryptocurrency increased from $100 billion to a market cap of $3 trillion in November 2021. During that time, crypto went mainstream. In the UK, ads for crypto exchanges popped up on the underground, billboards and sports stadiums. Consumers were attracted to this new, high-performing asset […]
Central African Republic President Says Successful Launch of Sango Coin a Key Milestone
Original Source: Bitcoin.com According to Central African Republic President Faustin-Archange Touadéra, his country’s launch of the “Sango coin” currency, as well as the call for the creation of a common digital currency by the regional central bank, represent two key achievements for his country and all of Africa. President Touadéra also said “Sango is the […]
Taking digital currencies offline
Original Source: IMF As the world’s central banks rush to develop digital currencies, almost all the research and trials focus on internet-based technology. What will happen when the web goes down in a war or a natural disaster? And what about the 75 percent of the world’s adult low-income population that doesn’t even have internet […]
