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The Central Bank of The Bahamas will enter into an official agreement with the executives of NZIA Ltd. for the design and implementation of Project Sand Dollar on May 30.
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Bundesbank President Jens Weidmann warned that widespread use of CBDC could have serious consequences. He said easy access to digital money could exacerbate bank runs in times of crises, leading to a faster collapse of lenders, and that even in good times it would fundamentally change the business model of banks.
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The Board of the International Organization of Securities Commissions is seeking comments on a consultation paper that describes the issues associated with crypto-asset trading platforms (CTPs) and sets forth key considerations to assist regulatory authorities in addressing these issues.
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A trial project using blockchain to transfer and settle securities and cash proved more costly and less speedy than the traditional way, Germany’s central bank president said.
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The Financial Stability Board published two reports as part of its work on work to assess and address correspondent banking declines.
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An Aite Group report shows that the OTC market accounted for 60% of all crypto trades in 2018, up from 32% in 2016. Dark pool trading comprised 8% of volumes in 2018.
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American digital asset manager Grayscale announced that out of the firm’s $2.1 billion of assets under management, $1.97 billion resides in its bitcoin investment trust.
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The Dubai Land Department, the real estate arm of the Executive Council of Dubai, has partnered with UAE-based Mashreq Bank to release a blockchain-based mortgage platform.
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Several finance-related blockchain projects are progressing nicely, and trading technology firms are releasing products for professional traders aimed at the institutional crypto investment market. But blockchain and cryptocurrency technologies are far from crossing the chasm.
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After nearly two weeks of continuous voting, MakerDAO token holders have officially activated a decrease to DAI stablecoin fees. DAI is an ethereum-based token which presently maintains a soft peg to the U.S. dollar.
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TRON is a decentralized application platform and a blockchain-based operating system. The initial objective of this platform was to help resolve issues in the global entertainment sector. They later expanded the scope of their vision to tackle the whole DApps market.
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Silicon Valley fintech group Plaid has expanded to the UK as it seeks to capitalise on Britain’s push to open up banking. Plaid provides the technology for other financial technology companies to link to customers’ bank accounts via apps such as Venmo and Coinbase.
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This paper systematically explores and analyzes the stablecoin landscape, based on a survey of 24 specific stablecoin projects, extracting general concepts and approaches to build a comprehensive taxonomy of crypto-asset stabilization.
