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Governor Antoine Addresses the ECCU Media on Launch of FinTech Pilot Project
The ECCB CBDC pilot involves a digital version of the EC dollar (DXCD) distributed by licensed ECCU financial institutions. The DXCD will be used for transactions between consumers and merchants, between people, all using smart devices. IBM Hyperledger Fabric was selected as the blockchain platform.
tags: Blog AltCoins CBDC CryptoAssets
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DTCC: Security Tokens Should Be Made to Meet Existing Regulatory Rules – CoinDesk
DTCC: If a Security Token Platform performs a substantially equivalent function as an existing market infrastructure, the same legal and other requirements applicable to that function should be the same.
tags: Liquidity ICOs Tokenization CryptoAssets Regulation Blog STOs
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Tether Transparency Statement Update on USD Peg
Although every tether is 1-to-1 pegged to the dollar and 100% backed by reserves, those reserves may include loans made by Tether to third parties, including to affiliated entities.
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Mexico’s Central Bank Publishes ‘Catch-22’ Rules Impacting Crypto Exchanges – Bitcoin News
The Bank of Mexico (Banxico), the country’s central bank, published a circular in the Official Gazette of the Federation on Friday detailing crypto-related provisions for the regulation of financial technology institutions (ITFs).
tags: CryptoAssets Regulation Blog
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Compression Reduces Central Clearing Costs – Markets Media
Compression has likely contributed to reducing capital requirements for members’ default fund contributions at central counterparties in the past two years, which has helped lower the overall cost of clearing.
tags: Derivatives Blog