Digital assets
France’s de Galhau unveils G7 task force on ‘stablecoins’
Banque de France governor says group will weigh up impact of Libra and other “stable” crypto assets
FSB weighs options for tackling rise of non-banks
Randal Quarles says strict regulation necessary if crypto assets such as Libra are used widely
BIS annual report warns of big tech threat to banks
Basel-based body wants “level playing field” for banks and tech firms as Facebook enters payments space
LSEG provides tools to another crypto exchange
On top of AAX deal, LSEG is doing design study with second crypto market about to launch
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group as crypto asset plans draw criticism in Europe and US
Facebook unveils new ‘currency’
Social media group plans to “reinvent money” with payment system backed by liquid reserves
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
IBM: interbank currency blockchains should address emerging markets
Banks and fintechs, including USC consortium, vie to build distributed networks for FX transactions
National Bank of Ukraine continues focus on CBDC
‘E-hryvnia’ pilot project completed in February
Riksbank opens procurement for development of e-krona
Central bank intends to commission platform for electronic central bank payments in 2020
Regulators must do more to assess risk of crypto assets, says FSB
FSB members differ on how to tackle international co-ordination
CBDC need not pose stability threat – paper
Markus Brunnermeier and Dirk Niepelt say some arguments about CBDCs are “questionable”
Sarb announces ‘CBDC feasibility project’
Central bank pursues partners to test digital currency
Seed CX partners TradAir for OTC trade settlement
Tie-up enables TradAir customers to leverage services of Zero Hash subsidiary
Basel Committee raises cryptocurrency concerns
Continued rise of crypto trading could lead to financial instability, BCBS warns
LMAX Digital seeks licence to operate in Gibraltar
The move comes on the back of booming volumes on the platform
Torrey heads to Genesis in institutional sales
Dan Torrey joins the firm from Northern Trust
Julius Baer partners crypto firm SEBA
Swiss bank aims to provide clients with access to digital assets
FCA sets regulatory roadmap for crypto
Introduction of regulatory framework could revitalise interest in waning ICO funding
Dutch central bank and regulator call for AML law for crypto assets
But regulations should change to make crypto asset financing easier for small firms – DNB
Esma: some digital assets may qualify as Mifid instruments
If this were true, issuers would be obliged to abide by a slew of other EU rules
Market Synergy: infrastructure ready for banks to trade digital assets
With fast and reliable Fix connectivity, the stage is set for financial institutions to enter the crypto market
Tokenisation: the flipside of the coin
Turning traditional assets into digitally traded data is much harder than it seems
Beyond payments: central bank digital currencies
Issuance of central bank digital currencies could facilitate monetary policy beyond ZLB