Digital assets
FSB looking into regulations applicable to stablecoins
Stablecoins may be small now, but there’s “no doubt” they pose regulatory challenges, FSB chair says
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
Central banks urged to adopt DLT-based CBDC
Industry figures argue central bank money needed for token-based securities settlement, but central bankers sceptical
Swift conducts 13-second cross-border payment
Trials complete payments from origination through to clearing and settlement within seconds
IMF officials call for ‘far-sighted’ digital currency regulation
Stablecoins could put weaker currencies at risk and increase illicit activities
Stablecoins raise ‘sovereignty challenge’, says de Galhau
French governor says rise of the cryptocurrencies highlights need for pan-European action on payments
ECB’s Cœuré weighs stablecoin risks
Executive board member calls for improved global payment systems while preserving global policy priorities
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoin group includes Libra Association, Fnality and JP Morgan
Dutch central bank to start supervising crypto firms
New powers result from implementation of EU directive tackling anti-money laundering
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
BIS chief warns of ‘serious consequences’ from retail CBDC
Carstens envisages system with wholesale digital currency alongside private retail payment systems
Carney: digital currency could help fix global monetary system
“Synthetic hegemonic currency” could end destabilising dominance of dollar
PBoC says new digital payment system almost ready
New electronic payment system will use double-layer framework for digital currency
Central banks need better crypto asset data – ECB research
Links between crypto assets and regulated financial sector may increase and challenge regulatory frameworks
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on technology to transfer funds across borders
US regulators applying outdated laws to crypto, hearing told
Congress also urged to open up Fed payment system if it wants to reach the unbanked
Ripple attempts to pacify US regulators after libra hearings
Payments service provider says crypto assets would be complementary to dollar
E-money poses serious threats to financial system, says IMF paper
Paper recommends a ‘synthetic CBDC’ to preserve financial stability
Trump lashes out at Libra
US president says Facebook’s system will need a banking licence if it wants to be a bank
trueEX to shut; deal done with crypto venue
Would-be disruptor will exit swaps business on July 19
PBoC gets go-ahead from China’s cabinet to develop CBDC
China’s central bank is developing its own CBDC
PBoC sounds alarm over Facebook’s Libra
Central banks must keep control of Facebook currency, senior officials say
UBS exec: first trades via USC could take place this year
Risk Live: utility settlement coin project backed by group of banks moving “incredibly fast”
IMF: some central banks ‘on verge’ of piloting CBDCs
Survey highlights need for greater co-operation on fintech regulation