Digital assets
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
The Swiss bank aims to provide its 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, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond zero lower bound
OTCXN partners Prime Trust
Prime Trust will serve as a third-party custodian for trading entities and exchanges using OTCXN technology
Focus shifts to plumbing as crypto markets mature
Panellists at the 14th annual FX Week Asia conference say the institutionalisation of crypto markets is gaining momentum
Strømme launches crypto prop shop
Jan Strømme, former global head of e-FX distribution at XTX Markets, sets up Alphaplate, a cryptocurrency trading firm