Topic: Central bank digital currency

BoE folds wholesale CBDC into RTGS revamp

The Bank of England has announced its roadmap for a revamp of its real time gross settlement service, folding its ambitions for a wholesale CBDC into the plans.

15 February 2023

Dubai’s VARA releases “remarkably detailed” activity-specific virtual assets regulatory regime

The world’s first dedicated crypto regulator, Dubai’s Virtual Assets Regulatory Authority, has released a virtual asset regulation regime tailored to licensees’ individual activities.

14 February 2023

Digital euro will fail without us, German banks say

Amid widespread banking scepticism over the potential of central bank digital currencies Germany’s banking industry body has backed a digital euro as “the next important step in the evolution of money” – but argued that its success hinges on not leaving commercial and private banks behind.

07 February 2023

DLT in 2023: Out of the blocks

Quant CEO Gilbert Verdian offers his four top predictions for what 2023 will bring the world of DLT regulation.

15 December 2022

FTX failure bolsters “same risk, same regulation” argument, UK regulator says

The Bank of England’s deputy governor for financial stability Jon Cunliffe has spoken out about how the collapse of crypto exchange FTX will impact the UK’s plans for crypto regulation – while giving details on the central bank’s plans for a systemic payment systems regulatory regime and a digital pound.

22 November 2022

More is less? Regulating the digitalised future

The UK has so far taken a light-touch approach to the regulation of digital assets – but for many new entrants, the EU’s more comprehensive, holistic approach is giving better long-term certainty. Kelvin Ng reports from GBRR Live in London.

27 October 2022

Singaporean regulator admits “mixed signals” on crypto, warning it may restrict crypto access

Singapore’s financial watchdog has indicated it may make it more difficult for retail investors to access cryptocurrencies, in a shift from its previous welcoming position on digital assets.

31 August 2022

Protect investors to stave off crypto runs, Brainard says

At a Bank of England event, the US Federal Reserve’s vice-chair Lael Brainard has outlined a case for crypto-asset and stablecoin regulation and called for banks to second-guess their crypto involvement.

11 July 2022

US Commerce Department calls for input on digital asset framework

The United States’ Department of Commerce has asked whether the US regulatory landscape is impacting the global competitiveness of digital asset platforms, as practitioners say the forthcoming framework could affect “a number of new market actors”.

26 May 2022

“A real-life demonstration of the risks”: regulators and practitioners react to stablecoin stutter

Regulators and practitioners across the world have voiced expectations of an accelerated regulatory framework for stablecoins, after a turbulent week for cryptocurrencies that saw Bitcoin lose a fifth of its value.

18 May 2022

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