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To help clarify Fintech regulatory positions and move policy forward, French and German regulators have started a variety of initiatives, ranging from novel legislation in France to preliminary expert hearings in Germany. France has paved the way with the “PACTE bill” and a new regime for crypto-asset players. Germany is taking a similar path with a public consultation launched by a cooperation of the Ministry of Finance and the Ministry of Justice in early March.
tags: CryptoAssets Regulation Blog
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ISDA Publishes CDM 2.0 for Deployment and Opens Access to Entire Market
ISDA has published the full version of the ISDA Common Domain Model for interest rate and credit derivatives and has opened access to all market participants, including non-ISDA members. It creates a common blueprint for events that occur throughout the derivatives lifecycle, paving the way for greater automation and efficiency at scale.
tags: Derivatives Blog
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Public versus private digital money: Macroeconomic (ir)relevance
Markus Brunnermeier and Dirk Niepelt argue that concerns about central bank digital currency choking investment, cutting into banks’ profits, or increasing the likelihood of bank runs are misplaced.
tags: Blog CBDC AltCoins CryptoAssets
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IBM Launches A Blockchain-Based Global Payments Network Using Stellar’s Cryptocurrency
According to IBM, World Wire is the first blockchain network of its kind to integrate payment messaging, clearing and settlement on a single unified platform. Participants are also allowed to dynamically choose from a variety of digital assets for settlement. Currently, World Wire has enabled payment locations in 72 countries, with 48 currencies and 44 banking endpoints.
tags: Blog AltCoins Stablecoins CryptoAssets
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Japanese Company Launches New Stablecoin Pegged to the US Dollar
A Japanese company has launched an ERC-20-compliant stablecoin. As its name suggests, USDDex is directly pegged to the U.S. dollar.
tags: AltCoins CryptoAssets Blog Stablecoins
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QuadrigaCX Co-Founder Michael Patryn Is Actually Convicted Criminal Omar Dhanani: Report
A co-founder of controversial QuadrigaCX exchange was reportedly involved in multiple criminal activities in the past. Michael Patryn, who co-founded Canadian crypto exchange QuadrigaCX along with Gerald Cotten in 2013, was previously known as Omar Dhanani, a person that was involved in multiple crimes in the United States.
tags: CryptoAssets Liquidity CyberRisk Canada Blog
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Bahamas to explore CBDC access to government securities – Central Banking
The Bahamas CBDC pilot is scheduled to be introduced in the remote Exuma district in 2020. The central bank is currently finalising the contractual onboarding of its chosen technology solutions provider, NZIA. Be cause the CBDC aims to complement and not replace existing banking services, the currency will not be interest-bearing. However, users may be able to invest in government securities via the CBDC wallet.
tags: CryptoAssets AltCoins CBDC Blog
Daily Digest 03/20/2019
